Stag Precision Engineering Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07123827

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,217		4,802

			3,217		4,802
CURRENT ASSETS
Debtors	5	5,422		5,490

		5,422		5,490
Creditors: Amounts Falling Due Within One Year	6	(43,836 )		(41,378 )

NET CURRENT ASSETS (LIABILITIES)			(38,414 )		(35,888 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(35,197 )		(31,086 )

Creditors: Amounts Falling Due After More Than One Year	7		(2,448 )		(6,850 )

NET LIABILITIES			(37,645 )		(37,936 )

CAPITAL AND RESERVES
Called up share capital	8		4		4
Profit and Loss Account			(37,649 )		(37,940 )

SHAREHOLDERS' FUNDS			(37,645)		(37,936)

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Stag Precision Engineering Ltd

Balance Sheet (continued)

As At 31 January 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr C T Williams

Director

30 October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Stag Precision Engineering Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07123827 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

The company is able to meet its day to day working capital requirements through the support of its director. Therefore, the director considers it appropriate to prepare the financial statements on the going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and machinery	33% Reducing Balance
Fixtures and fittings	33% Reducing Balance
Equipment	33% Reducing Balance

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Stag Precision Engineering Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
As at 1 February 2024	20,869	2,417	9,056	32,342

As at 31 January 2025	20,869	2,417	9,056	32,342

Depreciation
As at 1 February 2024	17,218	2,260	8,062	27,540
Provided during the period	1,205	52	328	1,585

As at 31 January 2025	18,423	2,312	8,390	29,125

Net Book Value
As at 31 January 2025	2,446	105	666	3,217

As at 1 February 2024	3,651	157	994	4,802

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	5,422	5,490

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	5,909	5,413
Other creditors	37,827	35,865
Taxation and social security	100	100

	43,836	41,378

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	2,448	6,850

The loan above was obtained under the government bounceback loan scheme and is therefore 100% secured by the government with no

charge over the assets of the company.

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	4	4

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Stag Precision Engineering Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

9. Related Party Transactions

A shareholder, withdrew amounts totalling £Nil (2024: £nil) and repaid amounts totalling £Nil (2024: £Nil). At the balance sheet date the amount payable to the director was £19,768 (2024: payable £19,768).

A director, withdrew amounts totalling £nil (2024: £2,500) and repaid amounts totalling £3,312 (2024: £6,525). At the balance sheet date the amount payable to the director was £16,373 (2024: payable £13,061).

The aggregate remuneration paid to key management personnel for the year was £Nil (2024: £Nil).

No further transactions with related parties were undertaken, other than those under normal market conditions, such as are required to be

disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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