REGISTERED NUMBER: 00950647 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Excel Precision (Birmingham) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Batt

M J F Dring

A J Sitek

REGISTERED OFFICE:

Unit One Ewhurst Avenue

Off Heeley Road

Selley Oak

Birmingham

B29 6EY

REGISTERED NUMBER:

00950647 (England and Wales)

ACCOUNTANTS:

SMH Haywood & Co Limited

24-26 Mansfield Road

Rotherham

South Yorkshire

S60 2DT

FIXED ASSETS

Tangible assets

4

521,434

439,286

CURRENT ASSETS

Stocks

45,603

28,723

Debtors

5

206,510

198,728

Cash at bank

9,433

8,924

261,546

236,375

CREDITORS

Amounts falling due within one year

6

487,484

376,443

NET CURRENT LIABILITIES

(225,938

)

(140,068

)

TOTAL ASSETS LESS CURRENT LIABILITIES

295,496

299,218

CREDITORS

Amounts falling due after more than one year

7

(133,917

)

(121,179

)

PROVISIONS FOR LIABILITIES

(9,998

)

(35,545

)

NET ASSETS

151,581

142,494

CAPITAL AND RESERVES

Called up share capital

10

200

200

Retained earnings

151,381

142,294

SHAREHOLDERS' FUNDS

151,581

142,494

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

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

M J F Dring - Director

1.	STATUTORY INFORMATION

Excel Precision (Birmingham) Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost, 15% on reducing balance and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

997,018

Additions

158,616

Disposals

(15,000

)

At 31 March 2025

1,140,634

DEPRECIATION

At 1 April 2024

557,732

Charge for year

73,499

Eliminated on disposal

(12,031

)

At 31 March 2025

619,200

NET BOOK VALUE

At 31 March 2025

521,434

At 31 March 2024

439,286

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

497,646

Additions

100,000

At 31 March 2025

597,646

DEPRECIATION

At 1 April 2024

175,505

Charge for year

50,821

At 31 March 2025

226,326

NET BOOK VALUE

At 31 March 2025

371,320

At 31 March 2024

322,141

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

193,541

185,915

Other debtors

12,969

12,813

206,510

198,728

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

106,031

93,869

Trade creditors

50,353

50,459

Amounts owed to group undertakings

59,644

34,126

Taxation and social security

70,896

35,309

Other creditors

200,560

162,680

487,484

376,443

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

133,917

121,179

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

106,031

93,869

Between one and five years

133,917

121,179

239,948

215,048

Non-cancellable

operating leases

2025

2024

£

£

Within one year

4,368

37,367

Between one and five years

33,000

94,511

37,368

131,878

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

239,948

215,048

Invoice discounting

121,104

121,104

361,052

336,152

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary A

£1

100

100

100

Ordinary B

£1

100

100

200

200

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A J Sitek.