Samar Precision Engineering Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02487046 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST FEBRUARY 2024 TO 31ST MARCH 2025

FOR

SAMAR PRECISION ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J J Gilbert

M K Gilbert

REGISTERED OFFICE:

Samar House

North Way

Andover

Hampshire

SP10 5AZ

REGISTERED NUMBER:

02487046 (England and Wales)

ACCOUNTANTS:

Underwood Barron LLP

Monks Brook House

13 - 17 Hursley Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2FW

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

428,983

444,156

428,983

444,156

CURRENT ASSETS

Debtors

6

126,597

177,264

Cash at bank

454,393

521,920

580,990

699,184

CREDITORS

Amounts falling due within one year

7

139,027

131,934

NET CURRENT ASSETS

441,963

567,250

TOTAL ASSETS LESS CURRENT
LIABILITIES

870,946

1,011,406

CAPITAL AND RESERVES

Called up share capital

1

Capital redemption reserve

1

Retained earnings

870,944

1,011,404

SHAREHOLDERS' FUNDS

870,946

1,011,406

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

The members have not required the company to obtain an audit of its financial statements for the period 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 15th December 2025 and were signed on its behalf by:

J J Gilbert - Director

1.	STATUTORY INFORMATION

Samar Precision Engineering 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 2011, is being amortised evenly over its estimated useful life of ten 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:

15% per annum on a reducing balance basis and 25% on cost

Taxation

Taxation for the period 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 period 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.

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 period was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st February 2024

and 31st March 2025

535,000

AMORTISATION

At 1st February 2024

and 31st March 2025

535,000

NET BOOK VALUE

At 31st March 2025

-

At 31st January 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1st February 2024

432,658

518,203

950,861

Additions

-

830

At 31st March 2025

432,658

519,033

951,691

DEPRECIATION

At 1st February 2024

17,306

489,399

506,705

Charge for period

10,816

5,187

16,003

At 31st March 2025

28,122

494,586

522,708

NET BOOK VALUE

At 31st March 2025

404,536

24,447

428,983

At 31st January 2024

415,352

28,804

444,156

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.1.24

£

Trade debtors

77,558

172,318

Other debtors

49,039

4,946

126,597

177,264

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.1.24

£

Trade creditors

74,941

51,185

Taxation and social security

52,079

76,259

Other creditors

12,007

4,490

139,027

131,934

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31st March 2025 and the year ended 31st January 2024:

31.3.25

31.1.24

£

J J Gilbert

Balance outstanding at start of period

-

(16,929

)

Amounts repaid

-

16,929

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

-

M K Gilbert

Balance outstanding at start of period

-

(18,871

)

Amounts repaid

-

18,871

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

-

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr J J GIlbert and Mrs M K Gilbert by virtue of their 100% shareholding.