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2024-11-30 03874895 core:IntangibleAssetsOtherThanGoodwill 2023-12-01 2024-11-30 03874895 dpl:GroupUndertakings 2023-12-01 2024-11-30 03874895 dpl:ParticipatingInterests 2023-12-01 2024-11-30 03874895 dpl:GroupUndertakings core:ListedExchangeTraded 2023-12-01 2024-11-30 03874895 core:ListedExchangeTraded 2023-12-01 2024-11-30 03874895 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2023-12-01 2024-11-30 03874895 core:UnlistedNon-exchangeTraded 2023-12-01 2024-11-30 03874895 dpl:CostSales 2022-12-01 2023-11-30 03874895 dpl:DistributionCosts 2022-12-01 2023-11-30 03874895 core:LandBuildings 2022-12-01 2023-11-30 03874895 core:PlantMachinery 2022-12-01 2023-11-30 03874895 core:Vehicles 2022-12-01 2023-11-30 03874895 core:FurnitureFittings 2022-12-01 2023-11-30 03874895 core:OfficeEquipment 2022-12-01 2023-11-30 03874895 dpl:AdministrativeExpenses 2022-12-01 2023-11-30 03874895 core:NetGoodwill 2022-12-01 2023-11-30 03874895 core:IntangibleAssetsOtherThanGoodwill 2022-12-01 2023-11-30 03874895 dpl:GroupUndertakings 2022-12-01 2023-11-30 03874895 dpl:ParticipatingInterests 2022-12-01 2023-11-30 03874895 dpl:GroupUndertakings core:ListedExchangeTraded 2022-12-01 2023-11-30 03874895 core:ListedExchangeTraded 2022-12-01 2023-11-30 03874895 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2022-12-01 2023-11-30 03874895 core:UnlistedNon-exchangeTraded 2022-12-01 2023-11-30 03874895 core:NetGoodwill 2024-11-30 03874895 core:IntangibleAssetsOtherThanGoodwill 2024-11-30 03874895 core:LandBuildings 2024-11-30 03874895 core:PlantMachinery 2024-11-30 03874895 core:Vehicles 2024-11-30 03874895 core:FurnitureFittings 2024-11-30 03874895 core:OfficeEquipment 2024-11-30 03874895 core:AfterOneYear 2024-11-30 03874895 core:WithinOneYear 2024-11-30 03874895 core:ListedExchangeTraded 2024-11-30 03874895 core:UnlistedNon-exchangeTraded 2024-11-30 03874895 core:ShareCapital 2024-11-30 03874895 core:SharePremium 2024-11-30 03874895 core:RevaluationReserve 2024-11-30 03874895 core:OtherReservesSubtotal 2024-11-30 03874895 core:RetainedEarningsAccumulatedLosses 2024-11-30 03874895 core:NetGoodwill 2023-11-30 03874895 core:IntangibleAssetsOtherThanGoodwill 2023-11-30 03874895 core:LandBuildings 2023-11-30 03874895 core:PlantMachinery 2023-11-30 03874895 core:Vehicles 2023-11-30 03874895 core:FurnitureFittings 2023-11-30 03874895 core:OfficeEquipment 2023-11-30 03874895 core:AfterOneYear 2023-11-30 03874895 core:WithinOneYear 2023-11-30 03874895 core:ListedExchangeTraded 2023-11-30 03874895 core:UnlistedNon-exchangeTraded 2023-11-30 03874895 core:ShareCapital 2023-11-30 03874895 core:SharePremium 2023-11-30 03874895 core:RevaluationReserve 2023-11-30 03874895 core:OtherReservesSubtotal 2023-11-30 03874895 core:RetainedEarningsAccumulatedLosses 2023-11-30 03874895 core:NetGoodwill 2022-11-30 03874895 core:IntangibleAssetsOtherThanGoodwill 2022-11-30 03874895 core:LandBuildings 2022-11-30 03874895 core:PlantMachinery 2022-11-30 03874895 core:Vehicles 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NT Precision Limited

Registered Number
03874895
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

NT Precision Limited
Company Information
for the year from 1 December 2023 to 30 November 2024

Directors | Alan Ashcroft
| Michael Norris

Company Secretary | Helen Louise Norris

Registered Address | 4 Mason Court
| Gillan Way Penrith 40 Business Park
| Penrith
| CA11 9GR

Place of Business | 9 Derwent Mills
| Derwent Mills Commercial Park
| Cockermouth
| CA13 0HT

Registered Number | 03874895 (England and Wales)

NT Precision Limited
Statement of Financial Position
30 November 2024

| Notes | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Intangible assets | 4 |  |  | 6,384 |  |  |  | 9,770
Tangible assets | 6 |  |  | 63,191 |  |  |  | 67,611
|  |  |  | 69,575 |  |  |  | 77,381
Current assets |  |  |  |  |  |  |  |
Stocks | 8 | 25,961 |  |  |  | 21,440 |  |
Debtors | 9 | 98,723 |  |  |  | 97,646 |  |
Cash at bank and on hand |  | 123,592 |  |  |  | 127,732 |  |
|  | 248,276 |  |  |  | 246,818 |  |
Creditors amounts falling due within one year | 10 | (160,735) |  |  |  | (178,384) |  |
Net current assets (liabilities) |  |  |  | 87,541 |  |  |  | 68,434
Total assets less current liabilities |  |  |  | 157,116 |  |  |  | 145,815
Creditors amounts falling due after one year | 11 |  |  | (39,856) |  |  |  | (58,250)
Provisions for liabilities | 13 |  |  | (16,744) |  |  |  | (17,917)
Net assets |  |  |  | 100,516 |  |  |  | 69,648
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 350 |  |  |  | 350
Profit and loss account |  |  |  | 100,166 |  |  |  | 69,298
Shareholders' funds |  |  |  | 100,516 |  |  |  | 69,648

- The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 4 November 2025, and are signed on its behalf by:
Michael Norris Director Registered Company No. 03874895

NT Precision Limited
Notes to the Financial Statements
for the year ended 30 November 2024

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

| Basis of preparation
--- | ---
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Judgements and key sources of estimation uncertainty
--- | ---
| Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

| Turnover policy
--- | ---
| 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. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

| Employee benefits
--- | ---
| Contributions to defined contribution plans are expensed in the period to which they relate.

| Foreign currency translation
--- | ---
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

| Current taxation
--- | ---
| 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
--- | ---
| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| Intangible assets
--- | ---
| Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are recorded at the fair value at the acquisition date.

| Amortisation
--- | ---
| Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows: Goodwill - 10% straight line If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

|  | Straight line (years)
| Plant and machinery | 10
| Fixtures and fittings | 4
| Vehicles | 4
| Office Equipment | 4

| Finance leases and hire purchase contracts
--- | ---
| Assets held under finance leases and hire purchase contracts which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability. Operating lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

| Stocks and work in progress
--- | ---
| Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

| Trade and other debtors
--- | ---
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

| Cash and cash equivalents
--- | ---
| Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

| Trade and other creditors
--- | ---
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2. | Average number of employees
--- | ---

|  | 2024 |  | 2023
| Average number of employees during the year | 11 |  | 13

3. | Deferred tax
--- | ---
| Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4. | Intangible assets
--- | ---

|  | Goodwill |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 December 23 | 32,751 |  | 32,751
| At 30 November 24 | 32,751 |  | 32,751
| Amortisation and impairment
| At 01 December 23 | 22,981 |  | 22,981
| Charge for year | 3,386 |  | 3,386
| At 30 November 24 | 26,367 |  | 26,367
| Net book value
| At 30 November 24 | 6,384 |  | 6,384
| At 30 November 23 | 9,770 |  | 9,770

5. | Useful life of intangible assets
--- | ---
| Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows: Goodwill - 10% straight line If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

6. | Tangible fixed assets
--- | ---

|  | Plant & machinery |  | Vehicles |  | Fixtures & fittings |  | Office Equipment |  | Total
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £ |  | £
| Cost or valuation
| At 01 December 23 | 258,362 |  | 5,500 |  | 15,232 |  | 1,883 |  | 280,977
| Additions | 6,687 |  | - |  | - |  | - |  | 6,687
| At 30 November 24 | 265,049 |  | 5,500 |  | 15,232 |  | 1,883 |  | 287,664
| Depreciation and impairment
| At 01 December 23 | 192,618 |  | 5,500 |  | 13,365 |  | 1,883 |  | 213,366
| Charge for year | 10,523 |  | - |  | 584 |  | - |  | 11,107
| At 30 November 24 | 203,141 |  | 5,500 |  | 13,949 |  | 1,883 |  | 224,473
| Net book value
| At 30 November 24 | 61,908 |  | - |  | 1,283 |  | - |  | 63,191
| At 30 November 23 | 65,744 |  | - |  | 1,867 |  | - |  | 67,611

| National Westminster Bank PLC hold a fixed and floating charge over the undertaking of all property and assets present and future for the company. The charge was created on 2 January 2003.

7. | Impairment of tangible fixed assets
--- | ---
| 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.

8. | Stocks
--- | ---

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Work in progress | 25,961 |  | 21,440
| Total | 25,961 |  | 21,440

9. | Debtors: amounts due within one year
--- | ---

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 92,136 |  | 95,063
| Other debtors | 4,004 |  | -
| Prepayments and accrued income | 2,583 |  | 2,583
| Total | 98,723 |  | 97,646

10. | Creditors: amounts due within one year
--- | ---

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 32,198 |  | 18,785
| Taxation and social security | 70,600 |  | 74,614
| Finance lease and HP contracts | 8,395 |  | 8,395
| Other creditors | 6,476 |  | 26,770
| Accrued liabilities and deferred income | 43,066 |  | 49,820
| Total | 160,735 |  | 178,384

| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

11. | Creditors: amounts due after one year
--- | ---

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 21,667 |  | 31,667
| Other creditors | 18,189 |  | 26,583
| Total | 39,856 |  | 58,250

12. | Obligations under finance leases
--- | ---

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Finance lease and HP contracts | 18,189 |  | 26,584

13. | Provisions for liabilities
--- | ---
| Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Net deferred tax liability (asset) | 16,744 |  | 17,917
| Total | 16,744 |  | 17,917