REGISTERED NUMBER: NI068450 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Caledon Precision Engineering Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms T Knox

Mr W D Marshall

Mr W J Marshall

Mr G W Marshall

SECRETARY:

Ms T Knox

REGISTERED OFFICE:

110 Derrycourtney Road

Ballagh

CALEDON

Co. Tyrone

BT68 4XP

REGISTERED NUMBER:

NI068450 (Northern Ireland)

ACCOUNTANTS:

Gildernew & Co Ltd

Six Northland Row

DUNGANNON

Co. Tyrone

BT71 6AW

BANKERS:

Danske Bank

78 Scotch Street

Armagh

Armagh

BT61 7DJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,941,933

1,557,887

1,941,933

1,557,887

CURRENT ASSETS

Stocks

824,076

980,062

Debtors

6

1,513,952

1,689,196

Cash at bank and in hand

3,789,743

2,790,606

6,127,771

5,459,864

CREDITORS

Amounts falling due within one year

7

2,912,279

2,307,390

NET CURRENT ASSETS

3,215,492

3,152,474

TOTAL ASSETS LESS CURRENT LIABILITIES

5,157,425

4,710,361

PROVISIONS FOR LIABILITIES

340,795

330,371

NET ASSETS

4,816,630

4,379,990

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

4,816,330

4,379,690

4,816,630

4,379,990

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 26 November 2025 and were signed on its behalf by:

Ms T Knox - Director

Mr W D Marshall - Director

Mr G W Marshall - Director

1.	STATUTORY INFORMATION

Caledon Precision Engineering Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 0, is being amortised evenly over its estimated useful life of nil 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 etc

-

25% 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

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 38 (2024 - 39 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1,017,846

AMORTISATION

At 1 April 2024

and 31 March 2025

1,017,846

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

440,828

4,296,765

4,737,593

Additions

362,804

507,169

869,973

Disposals

-

(15,934

)

(15,934

)

At 31 March 2025

803,632

4,788,000

5,591,632

DEPRECIATION

At 1 April 2024

220,176

2,959,530

3,179,706

Charge for year

19,506

457,458

476,964

Eliminated on disposal

-

(6,971

)

(6,971

)

At 31 March 2025

239,682

3,410,017

3,649,699

NET BOOK VALUE

At 31 March 2025

563,950

1,377,983

1,941,933

At 31 March 2024

220,652

1,337,235

1,557,887

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,454,992

1,625,936

Other debtors

58,960

63,260

1,513,952

1,689,196

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

1,847,790

1,423,572

Taxation and social security

422,000

498,143

Other creditors

642,489

385,675

2,912,279

2,307,390

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors at Note 8 are Directors' loans totalling £549,413, which are interest free and payable on demand, however there is no intention from the directors to demand payment.

9.	RELATED PARTY TRANSACTIONS

The following related party transactions took place in the year:

Part of the premises from which the company trades is owned by the shareholders, who are also directors of the company. The rental charge for the property for the year was £60,000 (2024: £60,000).

At the financial year end the company has a balance owing to the directors stated at Note 9.

A director was paid £82,545 (2024: £78,045) by the company for consultancy services during the year.