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Registered Number: 03275391
England and Wales
NORTHERN PRECISION LTD
Abridged Accounts
Period of accounts Start date: 01 January 2024 End date: 31 December 2024

Northern Precision Ltd Contents Page For the year ended 31 December 2024
Accountants' report | 1
Statement of financial position | 2
Notes to the financial statements | 3

Northern Precision Ltd Accountants' Report For the year ended 31 December 2024
Accountant’s report You consider that the company is exempt from an audit for the year ended 31 December 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Thieme and Company 31 December 2024 Thieme and Company 18 Thorne Road Doncaster DN1 2HS 04 September 2025 1

Northern Precision Ltd Statement of Financial Position As at 31 December 2024
| Notes | 2024 £ |  | 2023 £
--- | --- | --- | --- | ---
Fixed assets |  |  |
Tangible fixed assets | 3 | 8,690 |  | 10,445
|  | 8,690 |  | 10,445
Current assets |  |  |
Stocks |  | 447,716 |  | 424,792
Debtors |  | 78,435 |  | 114,183
Cash at bank and in hand |  | 17,384 |  | 8,587
|  | 543,535 |  | 547,562
Creditors: amount falling due within one year |  | 112,295 |  | 243,614
Net current assets |  | 655,830 |  | 791,176
Total assets less current liabilities |  | 664,520 |  | 801,621
Net assets |  | 664,520 |  | 801,621
Capital and reserves |  |  |
Called up share capital | 4 | 100 |  | 200
Profit and loss account |  | 664,420 |  | 801,421
Shareholders' funds |  | 664,520 |  | 801,621
For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities: The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies. The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A). The financial statements were approved by the board of directors on 04 September 2025 and were signed on its behalf by:
------------------------------- Anthony Mortlock Director
2

Northern Precision Ltd Notes to the Abridged Financial Statements For the year ended 31 December 2024
General Information Northern Precision Ltd is a private company, limited by shares, registered in England and Wales, registration number 03275391, registration address Unit 3 Durham Lane, Armthorpe, Doncaster, South Yorkshire, DN3 3FE The presentation currency is £ sterling.
1. | Accounting policies Significant accounting policies Statement of compliance These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. Basis of preparation The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company. Turnover Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Finance lease and hire purchase charges The finance element of the rental payment is charged to the income statement on a straight line basis. Foreign currencies Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement. Taxation Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted Deferred taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Current and deferred tax assets and liabilities are not discounted. Tangible fixed assets On 31st August 2019 Northern Precision Ltd suffered a major fire, as it was on a Saturday and the premises were not occupied, the building was on fire for some time before being extinguished and therefore resulting in a substantial loss to assets. Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery | 33% Reducing Balance
Improvements to property | 15 Years Straight Line
Stocks Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2. | Average number of employees Average number of employees during the year was 15 (2023 : 15).
3. | Tangible fixed assets
Cost or valuation | Plant and Machinery |  | Improvements to property |  | Total
| £ |  | £ |  | £
At 01 January 2024 | 22,016 |  | 2,326 |  | 24,342
Additions | 1,669 |  | - |  | 1,669
Disposals | (1,816) |  | - |  | (1,816)
At 31 December 2024 | 21,869 |  | 2,326 |  | 24,195
Depreciation
At 01 January 2024 | 12,552 |  | 1,345 |  | 13,897
Charge for year | 3,179 |  | 245 |  | 3,424
On disposals | (1,816) |  | - |  | (1,816)
At 31 December 2024 | 13,915 |  | 1,590 |  | 15,505
Net book values
Closing balance as at 31 December 2024 | 7,954 |  | 736 |  | 8,690
Opening balance as at 01 January 2024 | 9,464 |  | 981 |  | 10,445
4. | Share Capital Authorised 200 Class A shares of £1.00 each
Allotted, called up and fully paid | 2024 £ |  | 2023 £
--- | --- | --- | ---
100 Class A shares of £1.00 each | 100 |  | 200
| 100 |  | 200
3