REGISTERED NUMBER: 02146975 (England and Wales)

Salcey Precision Engineering Ltd.

Unaudited Financial Statements

for the Year Ended 31st March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

6

DIRECTORS:

R C Alcock

Mrs J Alcock

SECRETARY:

Ms H Ray

REGISTERED OFFICE:

310 Wellingborough Road

Northampton

NN1 4EP

BUSINESS ADDRESS:

Unit 2 Hawthorn Close

Hartwell Business Park

Hartwell

Northampton

Northamptonshire

NN7 2FA

REGISTERED NUMBER:

02146975 (England and Wales)

ACCOUNTANTS:

Cheney & Co

310 Wellingborough Road

Northampton

NN1 4EP

FIXED ASSETS

Tangible assets

5

2,066,295

1,618,696

CURRENT ASSETS

Debtors

6

967,102

1,062,525

Cash at bank and in hand

1,597,599

1,867,458

2,564,701

2,929,983

CREDITORS

Amounts falling due within one year

7

866,903

1,156,639

NET CURRENT ASSETS

1,697,798

1,773,344

TOTAL ASSETS LESS CURRENT LIABILITIES

3,764,093

3,392,040

CREDITORS

Amounts falling due after more than one year

8

(171,228

)

(149,707

)

PROVISIONS FOR LIABILITIES

10

(468,200

)

(332,700

)

NET ASSETS

3,124,665

2,909,633

CAPITAL AND RESERVES

Called up share capital

11

5,001

5,001

Retained earnings

3,119,664

2,904,632

SHAREHOLDERS' FUNDS

3,124,665

2,909,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 11th December 2025 and were signed on its behalf by:

R C Alcock - Director

1.	STATUTORY INFORMATION

Salcey Precision Engineering Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company in the year under review was that of engineering.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statement are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 30 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st April 2024

4,745,887

186,867

224,922

5,157,676

Additions

575,121

67,538

160,994

803,653

Disposals

-

-

(109,900

)

(109,900

)

At 31st March 2025

5,321,008

254,405

276,016

5,851,429

DEPRECIATION

At 1st April 2024

3,283,174

169,902

85,904

3,538,980

Charge for year

225,697

10,380

67,752

303,829

Eliminated on disposal

-

-

(57,675

)

(57,675

)

At 31st March 2025

3,508,871

180,282

95,981

3,785,134

NET BOOK VALUE

At 31st March 2025

1,812,137

74,123

180,035

2,066,295

At 31st March 2024

1,462,713

16,965

139,018

1,618,696

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st April 2024

286,257

174,890

461,147

Additions

-

160,994

160,994

Disposals

-

(109,900

)

(109,900

)

Transfer to ownership

(128,473

)

-

(128,473

)

At 31st March 2025

157,784

225,984

383,768

DEPRECIATION

At 1st April 2024

44,879

61,194

106,073

Charge for year

22,625

58,770

81,395

Eliminated on disposal

-

(57,675

)

(57,675

)

Transfer to ownership

(35,947

)

-

(35,947

)

At 31st March 2025

31,557

62,289

93,846

NET BOOK VALUE

At 31st March 2025

126,227

163,695

289,922

At 31st March 2024

241,378

113,696

355,074

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

957,696

1,029,757

Other debtors

9,406

32,768

967,102

1,062,525

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

-

18,364

Hire purchase contracts

152,480

94,164

Trade creditors

452,399

611,974

Taxation and social security

124,871

300,782

Other creditors

137,153

131,355

866,903

1,156,639

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

171,228

149,707

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

-

18,364

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

468,200

332,700

Deferred

tax

£

Balance at 1st April 2024

332,700

Charge to Income Statement during year

135,500

Balance at 31st March 2025

468,200

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

5,001

Ordinary

£1

5,001

5,001

12.	CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st March 2025 or 31st March 2024.

13.	CAPITAL COMMITMENTS

There were no capital commitments as at 31st March 2025 or 31st March 2024.