REGISTERED NUMBER: 01391511 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Excel Precision (Wire Spark Erosion) 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 2 Park Farm Industrial Estate

Westland Road

Leeds

LS11 5XA

REGISTERED NUMBER:

01391511 (England and Wales)

ACCOUNTANTS:

SMH Haywood & Co Limited

24-26 Mansfield Road

Rotherham

South Yorkshire

S60 2DT

FIXED ASSETS

Tangible assets

4

576,727

503,831

CURRENT ASSETS

Stocks

63,517

78,393

Debtors

5

670,374

406,583

Cash at bank

17,228

8,083

751,119

493,059

CREDITORS

Amounts falling due within one year

6

579,232

455,179

NET CURRENT ASSETS

171,887

37,880

TOTAL ASSETS LESS CURRENT LIABILITIES

748,614

541,711

CREDITORS

Amounts falling due after more than one year

7

(273,888

)

(163,031

)

PROVISIONS FOR LIABILITIES

(144,181

)

(125,957

)

NET ASSETS

330,545

252,723

CAPITAL AND RESERVES

Called up share capital

10

10,000

10,000

Retained earnings

320,545

242,723

SHAREHOLDERS' FUNDS

330,545

252,723

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 (Wire Spark Erosion) 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

-

20% on cost and 15% on reducing balance

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.

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

1,404,398

Additions

163,361

At 31 March 2025

1,567,759

DEPRECIATION

At 1 April 2024

900,567

Charge for year

90,465

At 31 March 2025

991,032

NET BOOK VALUE

At 31 March 2025

576,727

At 31 March 2024

503,831

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

814,359

Additions

163,361

At 31 March 2025

977,720

DEPRECIATION

At 1 April 2024

441,064

Charge for year

69,725

At 31 March 2025

510,789

NET BOOK VALUE

At 31 March 2025

466,931

At 31 March 2024

373,295

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

327,100

275,231

Amounts owed by group undertakings

328,111

114,373

Other debtors

15,163

16,979

670,374

406,583

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

121,857

84,972

Trade creditors

28,547

29,353

Amounts owed to group undertakings

36,407

20,000

Taxation and social security

151,132

101,944

Other creditors

241,289

218,910

579,232

455,179

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

273,888

163,031

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

121,857

84,972

Between one and five years

273,888

163,031

395,745

248,003

Non-cancellable

operating leases

2025

2024

£

£

Within one year

38,400

40,480

Between one and five years

57,600

96,000

96,000

136,480

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

395,745

248,003

Invoice discounting

223,013

198,350

618,758

446,353

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10,000

Ordinary

£1

10,000

10,000

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A J Sitek.