Company registration number 03478011 (England and Wales)
PENTA PRECISION ENG. LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
PENTA PRECISION ENG. LIMITED
COMPANY INFORMATION
Director
Mr S M Walker
Company number
03478011
Registered office
Unit 9
Murrills Estate
Portchester
Fareham
Hampshire
PO16 9RD
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Santander UK Plc
Bridle Road
Bootle
Merseyside
L30 4GB
PENTA PRECISION ENG. LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
PENTA PRECISION ENG. LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PENTA PRECISION ENG. LIMITED FOR THE YEAR ENDED 31 JANUARY 2025
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Penta Precision Eng. Limited for the year ended 31 January 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Penta Precision Eng. Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Penta Precision Eng. Limited and state those matters that we have agreed to state to the b oard of d irectors of Penta Precision Eng. Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Penta Precision Eng. Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Penta Precision Eng. Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Penta Precision Eng. Limited. You consider that Penta Precision Eng. Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Penta Precision Eng. Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Ormerod Rutter Limited
22 April 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
PENTA PRECISION ENG. LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,753,406
1,914,140
Current assets
Stocks
328,654
274,265
Debtors
4
578,955
535,339
Cash at bank and in hand
640,015
928,591
1,547,624
1,738,195
Creditors: amounts falling due within one year
5
(1,631,582)
(1,530,963)
Net current (liabilities)/assets
(83,958)
207,232
Total assets less current liabilities
1,669,448
2,121,372
Creditors: amounts falling due after more than one year
6
(533,816)
(953,738)
Provisions for liabilities
7
(356,622)
(389,621)
Net assets
779,010
778,013
Capital and reserves
Called up share capital
9
100
100
Capital redemption reserve
10
10
Profit and loss reserves
778,900
777,903
Total equity
779,010
778,013

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

PENTA PRECISION ENG. LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2025
31 January 2025
- 3 -
The financial statements were approved and signed by the director and authorised for issue on 22 April 2025
Mr S M Walker
Director
Company registration number 03478011 (England and Wales)
PENTA PRECISION ENG. LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 4 -
1
Accounting policies
Company information

Penta Precision Eng. Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 9, Murrills Estate, Portchester, Fareham, Hampshire, United Kingdom, PO16 9RD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings
10% on cost
Leasehold improvements
8.33% on cost
Plant and machinery
10% on cost
Fixtures and fittings
25% on reducing balance
Computer equipment
33% on cost
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

PENTA PRECISION ENG. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 5 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

PENTA PRECISION ENG. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
43
38
3
Tangible fixed assets
Land and buildings
Leasehold improvements
Plant and machinery
Fixtures and fittings
Computer equipment
Total
£
£
£
£
£
£
Cost
At 1 February 2024
17,964
478,345
2,158,529
18,120
194,508
2,867,466
Additions
-
0
-
0
107,498
2,309
9,811
119,618
Disposals
-
0
-
0
(57,424)
-
0
-
0
(57,424)
At 31 January 2025
17,964
478,345
2,208,603
20,429
204,319
2,929,660
Depreciation and impairment
At 1 February 2024
17,964
88,321
684,184
14,920
147,937
953,326
Depreciation charged in the year
-
0
39,862
214,460
802
24,848
279,972
Eliminated in respect of disposals
-
0
-
0
(57,044)
-
0
-
0
(57,044)
At 31 January 2025
17,964
128,183
841,600
15,722
172,785
1,176,254
Carrying amount
At 31 January 2025
-
0
350,162
1,367,003
4,707
31,534
1,753,406
At 31 January 2024
-
0
390,024
1,474,345
3,200
46,571
1,914,140
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
533,834
495,819
Other debtors
45,121
39,520
578,955
535,339
PENTA PRECISION ENG. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 7 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
54,180
54,155
Trade creditors
192,552
173,034
Amounts owed to group undertakings
418,457
423,854
Taxation and social security
313,612
203,514
Other creditors
652,781
676,406
1,631,582
1,530,963
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
14,408
68,562
Other creditors
519,408
885,176
533,816
953,738
7
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
356,622
389,621
8
Secured debts
The following secured debts are included within creditors:
2025
2024
£
£
Hire purchase contracts
890,032
1,254,527
Bank overdrafts
25
-
0
Bank loans
68,563
122,717
958,620
1,377,244
Hire purchase contracts are secured against the assets to which they relate.
Bank loans are secured by way of a fixed and floating charge over all assets of the company.
PENTA PRECISION ENG. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 8 -
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
67
67
67
67
Ordinary B of £1 each
33
33
33
33
100
100
100
100
10
Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Loan account
-
-
4,027
4,027
-
4,027
4,027

The director's loan account was repaid within nine months of the year end.

12
Control

Ultimate parent company

The ultimate parent company is Penta Precision Holdings Limited, a company registered in England and Wales.

Ultimate controlling party

The ultimate controlling party is Mr S M Walker, by virtue of his controlling interest in the ultimate parent company.

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