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Registered number: 05080673
Winchester Engineering (Aylesbury) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Martin Nye
Chartered Certified Accountants
186 High Street
Winslow
Buckinghamshire
MK18 3DQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05080673
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 14,772 26,530
14,772 26,530
CURRENT ASSETS
Stocks 6 32,182 34,580
Debtors 7 238,334 288,976
Cash at bank and in hand 174,956 201,931
445,472 525,487
Creditors: Amounts Falling Due Within One Year 8 (179,547 ) (229,464 )
NET CURRENT ASSETS (LIABILITIES) 265,925 296,023
TOTAL ASSETS LESS CURRENT LIABILITIES 280,697 322,553
Creditors: Amounts Falling Due After More Than One Year 9 (2,637 ) (13,078 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,809 ) (5,683 )
NET ASSETS 275,251 303,792
CAPITAL AND RESERVES
Called up share capital 13 3 3
Profit and Loss Account 275,248 303,789
SHAREHOLDERS' FUNDS 275,251 303,792
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Bernard Holmes
Director
23rd July 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Winchester Engineering (Aylesbury) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05080673 . The registered office is 186 High Street, Winslow, Buckinghamshire, MK18 3DQ. The presentation currency is £ Sterling rounded to the nearest £1.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life to a maximun of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20% Straight Line
Plant & Machinery 15% Straight Line
Motor Vehicles 25% Straight Line
Fixtures & Fittings 15% Straight Line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
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 stocks.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.7. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Employees 14 16
14 16
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 115,000
As at 31 March 2025 115,000
Amortisation
As at 1 April 2024 115,000
As at 31 March 2025 115,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2024 4,467 925,294 929,761
As at 31 March 2025 4,467 925,294 929,761
Depreciation
As at 1 April 2024 4,467 898,764 903,231
Provided during the period - 11,758 11,758
As at 31 March 2025 4,467 910,522 914,989
Net Book Value
As at 31 March 2025 - 14,772 14,772
As at 1 April 2024 - 26,530 26,530
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Page 5
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles - 8,031
6. Stocks
2025 2024
£ £
Stock 32,182 34,580
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 216,997 269,494
Prepayments and accrued income 21,337 19,482
238,334 288,976
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 4,243
Trade creditors 78,326 91,189
Bank loans and overdrafts 10,438 10,176
Corporation tax 23,919 28,230
Other taxes and social security 9,167 15,423
VAT 31,262 39,049
Other creditors 13,708 27,827
Accruals and deferred income 12,727 13,327
179,547 229,464
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 2,637 13,078
10. Secured Creditors
Natwest Bank Plc. has a fixed and floating charge over the assets of the company, as at 31st March 2025 the company owed £nil (2024 - £nil) to Natwest Bank Plc. in this regard.
Of the creditors falling due within and after more than one year the following amounts are secured. 
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 4,243
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11. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 4,243
12. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2024 5,683 5,683
Reversals (2,874 ) (2,874)
Balance at 31 March 2025 2,809 2,809
13. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 3 3
14. Capital Commitments
At the end of the period, the company had commitments contracted for but not provided in these financial statements as follows:
£62,320 per annum until December 2029.
£1,196 per annum until January 2026
£6,791 per annum until May 2032.
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