REGISTERED NUMBER: 07591372 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

INTERFACE PRECISION ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I R Casselden

C J Bramsdon

M Love

Mrs H O'Shaughnessy

S Elliott

SECRETARY:

I R Casselden

REGISTERED OFFICE:

Unit 4

Brunel Road

Churchfields industrial estate

St Leonards on Sea

East Sussex

TN38 9RT

REGISTERED NUMBER:

07591372 (England and Wales)

ACCOUNTANTS:

Xeinadin

2 Upperton Gardens

Eastbourne

East Sussex

BN21 2AH

FIXED ASSETS

Tangible assets

3

316,553

363,401

CURRENT ASSETS

Stocks

4

470,127

603,603

Debtors

5

414,978

554,356

Cash at bank

289,261

74,286

1,174,366

1,232,245

CREDITORS

Amounts falling due within one year

6

306,334

474,522

NET CURRENT ASSETS

868,032

757,723

TOTAL ASSETS LESS CURRENT LIABILITIES

1,184,585

1,121,124

CREDITORS

Amounts falling due after more than one year

7

34,322

88,061

NET ASSETS

1,150,263

1,033,063

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,149,263

1,032,063

SHAREHOLDERS' FUNDS

1,150,263

1,033,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2025 and were signed on its behalf by:

I R Casselden - Director

M Love - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33.33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is not recognised in respect of timing differences that have originated but not reversed at the balance sheet date. The directors accept that this accounting treatment does not comply with Financial Reporting Standard 102 but still conclude that the financial statements give a true and fair view of the company's financial position and performance.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2024 - 24 ) .

3.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

12,062

966,782

13,365

Additions

-

26,400

-

Disposals

-

-

-

At 31 March 2025

12,062

993,182

13,365

DEPRECIATION

At 1 April 2024

9,207

615,631

9,313

Charge for year

571

75,070

811

Eliminated on disposal

-

-

-

At 31 March 2025

9,778

690,701

10,124

NET BOOK VALUE

At 31 March 2025

2,284

302,481

3,241

At 31 March 2024

2,855

351,151

4,052

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

8,895

39,021

1,040,125

Additions

9,950

1,000

37,350

Disposals

(2,500

)

(1,125

)

(3,625

)

At 31 March 2025

16,345

38,896

1,073,850

DEPRECIATION

At 1 April 2024

6,876

35,697

676,724

Charge for year

5,029

2,717

84,198

Eliminated on disposal

(2,500

)

(1,125

)

(3,625

)

At 31 March 2025

9,405

37,289

757,297

NET BOOK VALUE

At 31 March 2025

6,940

1,607

316,553

At 31 March 2024

2,019

3,324

363,401

4.

STOCKS

2025

2024

£

£

Stocks

258,861

368,138

Work-in-progress

75,898

74,944

Finished goods

135,368

160,521

470,127

603,603

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

398,624

539,762

Amounts owed by group undertakings

1,795

299

Other debtors

14,559

14,295

414,978

554,356

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,306

10,054

Hire purchase contracts

43,327

78,776

Trade creditors

69,972

224,632

Amounts owed to related undertakings

12,799

35,497

Tax

58,464

20,724

Social security and other taxes

22,578

25,140

VAT

65,624

49,346

Other creditors

11,076

4,267

Pension Fund

2,664

4,018

Accrued expenses

9,524

22,068

306,334

474,522

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,648

14,061

Hire purchase contracts

30,674

74,000

34,322

88,061

8.	CHARGE OVER ASSETS

A fixed and floating charge over all assets was made on 28th October 2013 in favour of HSBC Bank PLC.