REGISTERED NUMBER: 09331892 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Colt Precision Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S D Tarrant

Mrs L A Tarrant

REGISTERED OFFICE:

Unit C3 Northway Lane

Tewkesbury

GL20 8JH

REGISTERED NUMBER:

09331892 (England and Wales)

ACCOUNTANTS:

Douglas Shaw Limited

7 Brenkley Way

Blezard Business Park

Seaton Burn

Tyne and Wear

NE13 6DS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

205,895

264,406

205,895

264,406

CURRENT ASSETS

Stocks

142,942

127,898

Debtors

6

113,190

97,773

Cash at bank and in hand

484

632

256,616

226,303

CREDITORS

Amounts falling due within one year

7

326,141

259,024

NET CURRENT LIABILITIES

(69,525

)

(32,721

)

TOTAL ASSETS LESS CURRENT LIABILITIES

136,370

231,685

CREDITORS

Amounts falling due after more than one year

8

(116,835

)

(204,724

)

PROVISIONS FOR LIABILITIES

(32,229

)

(44,329

)

NET LIABILITIES

(12,694

)

(17,368

)

CAPITAL AND RESERVES

Called up share capital

103

103

Retained earnings

(12,797

)

(17,471

)

SHAREHOLDERS' FUNDS

(12,694

)

(17,368

)

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 25 November 2025 and were signed on its behalf by:

S D Tarrant - Director

1.	STATUTORY INFORMATION

Colt Precision Limited 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Website

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

17,497

AMORTISATION

At 1 April 2024

and 31 March 2025

17,497

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

Website

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

600,815

5,371

68,590

1,726

676,502

Additions

710

-

-

-

710

Disposals

-

-

(7,500

)

-

(7,500

)

At 31 March 2025

601,525

5,371

61,090

1,726

669,712

DEPRECIATION

At 1 April 2024

377,589

4,650

28,997

860

412,096

Charge for year

44,787

144

8,492

173

53,596

Eliminated on disposal

-

-

(1,875

)

-

(1,875

)

At 31 March 2025

422,376

4,794

35,614

1,033

463,817

NET BOOK VALUE

At 31 March 2025

179,149

577

25,476

693

205,895

At 31 March 2024

223,226

721

39,593

866

264,406

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

112,588

90,095

Other debtors and prepayments

602

7,678

113,190

97,773

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

100,745

15,425

Other loans

79,959

61,479

Hire purchase contracts

46,913

41,581

Trade creditors

30,424

79,838

Tax

16

30

Social security and other taxes

8,105

6,562

VAT

48,901

34,214

Other creditors

5,578

5,182

Accruals and deferred income

5,500

14,713

326,141

259,024

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

11,667

11,667

Bank loans - 2-5 years

1,944

13,611

Hire purchase contracts

94,921

160,528

Directors' loan accounts

8,303

18,918

116,835

204,724

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

-

3,387