2024-01-01 2024-12-31 false Capium Accounts Production 1.1 11728006 2024-01-01 2024-12-31 11728006 bus:FullAccounts 2024-01-01 2024-12-31 11728006 bus:FRS102 2024-01-01 2024-12-31 11728006 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 11728006 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11728006 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11728006 2024-01-01 2024-12-31 11728006 2024-12-31 11728006 bus:RegisteredOffice 2024-01-01 2024-12-31 11728006 core:WithinOneYear 2024-12-31 11728006 core:AfterOneYear 2024-12-31 11728006 1 2024-01-01 2024-12-31 11728006 bus:Director1 2024-01-01 2024-12-31 11728006 bus:Director1 2024-12-31 11728006 bus:Director1 2023-01-01 2023-12-31 11728006 bus:Director2 2024-01-01 2024-12-31 11728006 bus:Director2 2024-12-31 11728006 bus:Director2 2023-01-01 2023-12-31 11728006 2023-01-01 11728006 bus:LeadAgentIfApplicable 2024-01-01 2024-12-31 11728006 2023-01-01 2023-12-31 11728006 2023-12-31 11728006 core:WithinOneYear 2023-12-31 11728006 core:AfterOneYear 2023-12-31 11728006 bus:EntityAccountantsOrAuditors 2023-01-01 2023-12-31 11728006 core:LandBuildings 2024-01-01 2024-12-31 11728006 core:LandBuildings 2024-12-31 11728006 core:LandBuildings 2023-12-31 11728006 core:PlantMachinery 2024-01-01 2024-12-31 11728006 core:PlantMachinery 2024-12-31 11728006 core:PlantMachinery 2023-12-31 11728006 core:MotorCars 2024-01-01 2024-12-31 11728006 core:MotorCars 2024-12-31 11728006 core:MotorCars 2023-12-31 11728006 core:FurnitureFittings 2024-01-01 2024-12-31 11728006 core:FurnitureFittings 2024-12-31 11728006 core:FurnitureFittings 2023-12-31 11728006 core:ComputerEquipment 2024-01-01 2024-12-31 11728006 core:ComputerEquipment 2024-12-31 11728006 core:ComputerEquipment 2023-12-31 11728006 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-12-31 11728006 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-12-31 11728006 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 11728006 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 11728006 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-12-31 11728006 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-12-31 11728006 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-12-31 11728006 core:Non-currentFinancialInstruments 2024-12-31 11728006 core:Non-currentFinancialInstruments 2023-12-31 11728006 core:ShareCapital 2024-12-31 11728006 core:ShareCapital 2023-12-31 11728006 core:RetainedEarningsAccumulatedLosses 2024-12-31 11728006 core:RetainedEarningsAccumulatedLosses 2023-12-31 11728006 core:ShareCapitalOrdinaryShares 2024-01-01 11728006 core:ShareCapitalOrdinaryShares 2023-01-01 11728006 core:ShareCapitalOrdinaryShares 2024-01-01 2024-12-31 11728006 core:ShareCapitalOrdinaryShares 2023-01-01 2023-12-31 11728006 core:ShareCapitalOrdinaryShares 2024-12-31 11728006 core:ShareCapitalOrdinaryShares 2023-12-31 11728006 core:RetainedEarningsAccumulatedLosses 2024-01-01 11728006 core:RetainedEarningsAccumulatedLosses 2023-01-01 11728006 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 11728006 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 11728006 core:RetainedEarningsAccumulatedLosses 2024-12-31 11728006 core:RetainedEarningsAccumulatedLosses 2023-12-31 11728006 dpl:Item1 2024-01-01 11728006 dpl:Item1 2024-12-31 11728006 dpl:Item1 2023-01-01 11728006 dpl:Item1 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 11728006
England and Wales

 

 

 

M.A.H. PRECISION ENGINEERING LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

M.A.H. Precision Engineering Ltd
Contents Page
For the year ended 31 December 2024
Directors Alex James HADDON
Mark Anthony HADDON
Registered Number 11728006
Registered Office Unit 5 Primary Point
Progress Drive
WS11 0JF
Accountants Adams Moore Limited
7 Victoria Road

Tamworth
B79 7HS
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 December 2024
Principal activities
The company’s principal activity during the year was the sale of USB memory
Directors
The directors who served the company throughout the year were as follows:
Alex James HADDON
Mark Anthony HADDON
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Mark Anthony HADDON
Director

Date approved: 24 September 2025
2
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.
Adams Moore Limited
31 December 2024



....................................................

Adams Moore Limited
7 Victoria Road

Tamworth
B79 7HS
24 September 2025
3
 
 		 Notes
 		 2024
£		   2023
£
Turnover 763,622    679,053 
Cost of sales (198,711)   (218,364)
Gross profit 564,911    460,689 
Administrative expenses (485,963)   (470,015)
Operating profit/(loss) 78,948    (9,326)
Interest payable and similar charges (18,095)   (26,834)
Profit/(Loss) on ordinary activities before taxation 60,853    (36,160)
Tax on profit on ordinary activities 24,181    (4,752)
Profit/(Loss) for the financial year 85,034    (40,912)
 
4
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 3 237,254    173,004 
237,254    173,004 
Current assets      
Stocks 4 30,912    1,494 
Debtors 5 145,099    131,047 
Cash at bank and in hand 49,095    8,097 
225,106    140,638 
Creditors: amount falling due within one year 6 (219,694)   (186,561)
Net current assets 5,412    (45,923)
 
Total assets less current liabilities 242,666    127,081 
Creditors: amount falling due after more than one year 7 (166,999)   (105,390)
Provisions for liabilities 8 (22,629)   (30,687)
Net assets 53,038    (8,996)
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 52,938    (9,096)
Shareholders' funds 53,038    (8,996)
 


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:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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 financial statements were approved by the board of directors on 24 September 2025 and were signed on its behalf by:


-------------------------------
Mark Anthony HADDON
Director
5
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 January 2023 100  35,316  35,416 
Profit for the year (40,912) (40,912)
Total comprehensive income for the year -  (40,912) (40,912)
Dividends (3,500) (3,500)
Total investments by and distributions to owners -  (3,500) (3,500)
At 31 December 2023 100  (9,096) (8,996)
At 01 January 2024 100  (9,096) (8,996)
Profit for the year 85,034  85,034 
Total comprehensive income for the year -  85,034  85,034 
Dividends (23,000) (23,000)
Total investments by and distributions to owners -  (23,000) (23,000)
At 31 December 2024 100  52,938  53,038 
6
General Information
M.A.H. Precision Engineering Ltd is a private company, limited by shares, registered in England and Wales, registration number 11728006, registration address Unit 5 Primary Point, Progress Drive, WS11 0JF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
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.
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.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed 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:
Land and Buildings 3 Years Straight Line
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 10% Reducing Balance
Computer Equipment 25% Reducing Balance
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.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 8 (2023 : 7).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £   £
At 01 January 2024 34,484    242,411    76,988    13,646    6,471    374,000 
Additions -    132,361    -    674    2,964    135,999 
Disposals -    -    (32,027)   -    -    (32,027)
At 31 December 2024 34,484    374,772    44,961    14,320    9,435    477,972 
Depreciation
At 01 January 2024 22,989    142,241    29,756    3,070    2,940    200,996 
Charge for year 11,495    33,167    11,240    1,094    1,241    58,237 
On disposals -    -    (18,515)   -    -    (18,515)
At 31 December 2024 34,484    175,408    22,481    4,164    4,181    240,718 
Net book values
Closing balance as at 31 December 2024 -    199,364    22,480    10,156    5,254    237,254 
Opening balance as at 01 January 2024 11,495    100,170    47,232    10,576    3,531    173,004 


4.

Stocks

2024
£		   2023
£
Stocks 30,912    1,494 
30,912    1,494 

5.

Debtors: amounts falling due within one year

2024
£		   2023
£
Trade Debtors 137,751    119,997 
Other Debtors 100    100 
137,851    120,097 

5.

Debtors: amounts falling due after one year

2024
£		   2023
£
Prepayments 7,248    10,950 
7,248    10,950 

6.

Creditors: amount falling due within one year

2024
£		   2023
£
Trade Creditors 57,549    86,306 
Bank Loans & Overdrafts 10,000    10,000 
Factoring Account 54,585    42,060 
PAYE & Social Security 4,699    4,437 
VAT 21,573    584 
Accrued Expenses 2,998    1,284 
Other Creditors 12,771    12,771 
Hire purchase 55,519    29,119 
219,694    186,561 

7.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Bank Loans & Overdrafts 4,167    14,167 
Other Creditors 1    3 
Hire purchase 162,549    90,801 
Directors' Loan Accounts 282    419 
166,999    105,390 

8.

Provisions for liabilities

2024
£		   2023
£
Deferred Tax 21,542    30,687 
Pension Provisions 1,087    0 
22,629    30,687 

9.

Advances and Credits



Mark Haddon


Current year (2024)
Brought Forward
£		Amount
£		Interest
£		Repaid
£		Written Off
£		Waived
£		Carry Forward
£
Mark Haddon(419)25,000 0 24,863 0 0 (282)
-4192500002486300-282
Previous year (2023)
Brought Forward
£		Amount
£		Interest
£		Repaid
£		Written Off
£		Waived
£		Carry Forward
£
Mark Haddon(522)2,020 0 1,917 0 0 (419)
-52220200191700-419
7