PRECISION GRINDING TECHNOLOGIES LTD 31/07/2025 iXBRL

Company registration number: 11612259

(England and Wales)

PRECISION GRINDING TECHNOLOGIES LTD

Unaudited filleted financial statements

for the year ended

31 July 2025

PRECISION GRINDING TECHNOLOGIES LTD

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

PRECISION GRINDING TECHNOLOGIES LTD

Directors and other information


	Directors	Mr M G Scarfe
		Mr R M Curtis
		Mrs E A Scarfe


	Company number	11612259


	Registered office	4 & 5 The Cedars
		Apex 12, Old Ipswich Road
		Colchester
		Essex
		CO7 7QR


	Business address	Martells Industrial Estate
		Slough Lane
		Ardleigh
		Essex
		CO7 7RU


	Accountants	Griffin Chapman
		4 & 5 The Cedars, Apex 12
		Old Ipswich Road
		Colchester
		Essex
		CO7 7QR

PRECISION GRINDING TECHNOLOGIES LTD

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of PRECISION GRINDING TECHNOLOGIES LTD

Year ended 31 July 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PRECISION GRINDING TECHNOLOGIES LTD for the year ended 31 July 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of PRECISION GRINDING TECHNOLOGIES LTD, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of PRECISION GRINDING TECHNOLOGIES LTD and state those matters that we have agreed to state to the board of directors of PRECISION GRINDING TECHNOLOGIES LTD as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PRECISION GRINDING TECHNOLOGIES LTD and its board of directors as a body for our work or for this report.

It is your duty to ensure that PRECISION GRINDING TECHNOLOGIES LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PRECISION GRINDING TECHNOLOGIES LTD. You consider that PRECISION GRINDING TECHNOLOGIES LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PRECISION GRINDING TECHNOLOGIES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Griffin Chapman

Chartered Accountants

4 & 5 The Cedars, Apex 12

Old Ipswich Road

Colchester

Essex

CO7 7QR

4 November 2025

PRECISION GRINDING TECHNOLOGIES LTD

Statement of financial position

31 July 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Investments	5	1,809,393		1,809,060
		_______		_______
			1,809,393		1,809,060

Current assets
Cash at bank and in hand		11		30
		_______		_______
		11		30
Creditors: amounts falling due
within one year	6	( 181,683)		( 181,320)
		_______		_______
Net current liabilities			( 181,672)		( 181,290)
			_______		_______
Total assets less current liabilities			1,627,721		1,627,770

Creditors: amounts falling due
after more than one year	7		( 540,000)		( 720,000)
			_______		_______
Net assets			1,087,721		907,770
			_______		_______

Capital and reserves
Called up share capital			70		70
Profit and loss account			1,087,651		907,700
			_______		_______
Shareholders funds			1,087,721		907,770
			_______		_______

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

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 04 November 2025 , and are signed on behalf of the board by:

Mr M G Scarfe

Director

Company registration number: 11612259

PRECISION GRINDING TECHNOLOGIES LTD

Notes to the financial statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 4 & 5 The Cedars, Apex 12, Old Ipswich Road, Colchester, Essex, CO7 7QR.

The principal activity of the company continues to be that of an engineering holding company.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: Nil).

5. Investments

	Shares in group undertakings and participating interests	Total
	£	£
Cost
At 1 August 2024	1,809,060	1,809,060
Additions	333	333
	_______	_______
At 31 July 2025	1,809,393	1,809,393
	_______	_______
Impairment
At 1 August 2024 and 31 July 2025	-	-
	_______	_______
Carrying amount
At 31 July 2025	1,809,393	1,809,393
	_______	_______
At 31 July 2024	1,809,060	1,809,060
	_______	_______

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	181,683	181,320
	_______	_______

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	540,000	720,000
	_______	_______

The loan is repayable in 10 equal annual installments of £180,000 plus interest of 2.5% above base rate. The loan is secured by a fixed charge containing a negative pledge.

8. Controlling party

The company's controlling party and parent undertaking is Scarfe Holdings Limited which is incorporated in England and Wales. The registered office is 4 & 5 The Cedars, Apex 12, Old Ipswich Road, Colchester, Essex, CO7 7QR.