REGISTERED NUMBER: 00699133 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Elstree Precision Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Haigh

Mrs T D Haigh

SECRETARY:

REGISTERED OFFICE:

26 Theobold Street

Borehamwood

Hertfordshire

WD6 4SF

REGISTERED NUMBER:

00699133 (England and Wales)

ACCOUNTANTS:

Fenlon & Co

Chartered Certified Accountants

6 High Street

Wheathampstead

Hertfordshire

AL4 8AA

FIXED ASSETS

Tangible assets

4

53,696

50,533

CURRENT ASSETS

Stocks

20,150

11,206

Debtors

5

95,798

59,631

Cash at bank

25,826

118,112

141,774

188,949

CREDITORS

Amounts falling due within one year

6

29,285

33,494

NET CURRENT ASSETS

112,489

155,455

TOTAL ASSETS LESS CURRENT LIABILITIES

166,185

205,988

CREDITORS

Amounts falling due after more than one year

7

(20,299

)

(36,097

)

PROVISIONS FOR LIABILITIES

8

(49,300

)

(8,400

)

NET ASSETS

96,586

161,491

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

95,586

160,491

SHAREHOLDERS' FUNDS

96,586

161,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

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

J A Haigh - Director

1.	STATUTORY INFORMATION

Elstree Precision Company Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 6 High Street, Wheathampstead, Herts AL4 8AA.

The financial statements are presented in Sterling, which is the functional currency of the company.

2.	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.

Revenue recognition

Turnover represents amounts receivable for goods and services net of VAT and trade discounts, having regard to the fulfilment of contractual obligations.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Motor Vehicles - 20% reducing balance

Furniture and Fittings - 15% reducing balance

Plant and Equipment - 20% reducing balance

Improvements to leasehold premises - 25% straight line.

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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profit.

The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Research and development

Research & Development expenditure is charged to the income statement in the period in which it is incurred. Development expenditure is capitalised when the criteria for recognising an asset are met, usually when a regulatory filing has been made and approval is considered highly probable. Equipment used for research and development is treated as an expense and hence not capitalised.

Research & Development Tax Credits are recognised to the extent that it is regarded as more likely than not that they will be recovered. Research & Development (R&D) Tax credits are not discounted.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs

The company operates a defined contribution scheme in respect of certain directors and employees. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year-end.

Dividends

Final ordinary dividends payable to shareholders of the Company are recognised in the period that they are approved by the shareholders. Interim ordinary dividends are recognised in the period that they are paid.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 May 2024

2,800

152,645

16,294

32,878

204,617

Additions

-

10,624

5,562

-

16,186

At 30 April 2025

2,800

163,269

21,856

32,878

220,803

DEPRECIATION

At 1 May 2024

2,800

129,270

15,439

6,575

154,084

Charge for year

-

6,800

962

5,261

13,023

At 30 April 2025

2,800

136,070

16,401

11,836

167,107

NET BOOK VALUE

At 30 April 2025

-

27,199

5,455

21,042

53,696

At 30 April 2024

-

23,375

855

26,303

50,533

A motor vehicle, net book value £21,042 (2024 : £26,303) is held under a Hire Purchase contract.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

68,504

48,145

Prepayments and accrued income

27,294

11,486

95,798

59,631

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

5,798

5,798

Trade creditors

2,543

1,005

Tax

-

103

Social security and other taxes

7,194

11,499

Other creditors

3,750

5,089

29,285

33,494

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans - 1-5 years

833

10,833

Hire purchase creditor 1-5 yrs

19,466

25,264

20,299

36,097

The bank loan is not secured.

8.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

5,300

8,400

Provision for moving expenses

44,000

-

49,300

8,400

Provision

for

Deferred

moving

tax

expenses

£

£

Balance at 1 May 2024

8,400

-

Released during year

(3,100

)

-

Provision for moving expenses

-

44,000

Balance at 30 April 2025

5,300

44,000

Deferred tax has arisen because Capital Allowances for Corporation Tax are in excess of depreciation provided in the Accounts.

9.	ULTIMATE CONTROLLING PARTY

Ultimate control is vested in the Directors who own the entire issued share capital.

10.	DEFINED CONTRIBUTION PENSION SCHEME

The company operates a defined contribution pension scheme. The assets are held separately from those of the Company in independently administered personal pension funds.