REGISTERED NUMBER: 03960198 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Loxham Precision Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Professor P A Mckeown

P M H Morantz

F C Price

Professor P R Shore

SECRETARY:

REGISTERED OFFICE:

90 Central Avenue College Road

Cranfield

Bedford

MK43 0AL

REGISTERED NUMBER:

03960198 (England and Wales)

FIXED ASSETS

Tangible assets

4

475,664

469,672

CURRENT ASSETS

Debtors

5

147,961

20,796

Cash at bank and in hand

838,216

208,070

986,177

228,866

CREDITORS

Amounts falling due within one year

6

961,915

321,046

NET CURRENT ASSETS/(LIABILITIES)

24,262

(92,180

)

TOTAL ASSETS LESS CURRENT LIABILITIES

499,926

377,492

CREDITORS

Amounts falling due after more than one year

7

264,656

169,498

NET ASSETS

235,270

207,994

CAPITAL AND RESERVES

Called up share capital

2,564

2,244

Share premium

272,012

272,012

Retained earnings

(39,306

)

(66,262

)

235,270

207,994

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 1 October 2025 and were signed on its behalf by:

Professor P R Shore - Director

F C Price - Director

P M H Morantz - Director

1.	STATUTORY INFORMATION

Loxham Precision Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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.

Plant and machinery etc

-

5% on reducing balance and Straight line over 3 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

520,690

Additions

40,132

At 31 January 2025

560,822

DEPRECIATION

At 1 February 2024

51,018

Charge for year

34,140

At 31 January 2025

85,158

NET BOOK VALUE

At 31 January 2025

475,664

At 31 January 2024

469,672

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

147,961

17,937

Other debtors

-

2,859

147,961

20,796

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

241,340

85,542

Taxation and social security

209,913

48,088

Other creditors

510,662

187,416

961,915

321,046

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

105,510

169,498

Other creditors

159,146

-

264,656

169,498

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY

The company is under the control and ultimate control of it's directors.