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COMPANY REGISTRATION NUMBER: 04549356

J Reid Engineering Limited

Filleted Unaudited Financial Statements

30 June 2025

J Reid Engineering Limited

Statement of Financial Position

30 June 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 153,126 | 87,128

Current assets

Stocks | 282,100 |  | 262,550
Debtors | 6 | 298,401 |  | 327,470
Cash at bank and in hand | 912,656 |  | 875,823
| ------------ |  | ------------
| 1,493,157 |  | 1,465,843

Creditors: amounts falling due within one year | 7 | 216,978 |  | 264,922
| ------------ |  | ------------
Net current assets |  | 1,276,179 | 1,200,921
|  | ------------ | ------------
Total assets less current liabilities |  | 1,429,305 | 1,288,049

Provisions

Taxation including deferred tax |  | 38,282 | 21,572
|  | ------------ | ------------
Net assets |  | 1,391,023 | 1,266,477
|  | ------------ | ------------

Capital and reserves

Called up share capital |  | 160 | 160
Profit and loss account |  | 1,390,863 | 1,266,317
|  | ------------ | ------------
Shareholders funds |  | 1,391,023 | 1,266,477
|  | ------------ | ------------

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.
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

J Reid Engineering Limited

Statement of Financial Position (continued)

30 June 2025
These financial statements were approved by the board of directors and authorised for issue on 13 November 2025 , and are signed on behalf of the board by:

Mr T Edwards |
Director |

Company registration number: 04549356

J Reid Engineering Limited

Notes to the Financial Statements

Year ended 30 June 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Factory Road, Sandycroft, Deeside, Flintshire, CH5 2QJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company accounting policies.
Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced during the year for the manufacture and sale of abrasive cleaning machines and spares, exclusive of 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 profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant & Machinery | - | 20% Reducing balance with specific variance on selected assets
| Motor Vehicles | - | 25% reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 13 (2024: 14 ).
5. Tangible assets

| Plant and machinery | Motor vehicles | Total
| £ | £ | £
Cost |  |  |
At 1 July 2024 | 503,143 | 45,299 | 548,442
Additions | 107,673 | – | 107,673
Disposals | ( 58,340) | – | ( 58,340)
| --------- | -------- | ---------
At 30 June 2025 | 552,476 | 45,299 | 597,775
| --------- | -------- | ---------
Depreciation |  |  |
At 1 July 2024 | 426,796 | 34,518 | 461,314
Charge for the year | 37,664 | 2,697 | 40,361
Disposals | ( 57,026) | – | ( 57,026)
| --------- | -------- | ---------
At 30 June 2025 | 407,434 | 37,215 | 444,649
| --------- | -------- | ---------
Carrying amount |  |  |
At 30 June 2025 | 145,042 | 8,084 | 153,126
| --------- | -------- | ---------
At 30 June 2024 | 76,347 | 10,781 | 87,128
| --------- | -------- | ---------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 287,978 | 315,809
Other debtors | 10,423 | 11,661
| --------- | ---------
| 298,401 | 327,470
| --------- | ---------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 115 | 18
Trade creditors | 101,911 | 75,345
Social security and other taxes | 105,622 | 181,182
Other creditors | 9,330 | 8,377
| --------- | ---------
| 216,978 | 264,922
| --------- | ---------

8. Director's advances, credits and guarantees
No party has overall control of the company.
9. Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102 section 33.