Cromwell Engineering Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

Registered number: 01165702

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		390,847		431,394
Investment Properties	5		230,000		-

			620,847		431,394
CURRENT ASSETS
Stocks	6	5,000		5,000
Debtors	7	532,714		514,412
Cash at bank and in hand		36,349		96,628

		574,063		616,040
Creditors: Amounts Falling Due Within One Year	8	(482,295 )		(452,362 )

NET CURRENT ASSETS (LIABILITIES)			91,768		163,678

TOTAL ASSETS LESS CURRENT LIABILITIES			712,615		595,072

Creditors: Amounts Falling Due After More Than One Year	9		(59,390 )		(97,868 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(30,717 )		(25,671 )

NET ASSETS			622,508		471,533

CAPITAL AND RESERVES
Called up share capital	11		40,000		40,000
Revaluation reserve	14		259,684		194,684
Profit and Loss Account			322,824		236,849

SHAREHOLDERS' FUNDS			622,508		471,533

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Cromwell Engineering Limited

Balance Sheet (continued)

As At 31 March 2025

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 A J Hall

Director

23/12/2025

The notes on pages 3 to 7 form part of these financial statements.

1. General Information

Cromwell Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01165702 . The registered office is 1b Cromwell Road, Walton On Thames, Surrey, KT12 3NL.

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.

Presentational Currency

The accounts are presented in and rounded to the nearest £1 sterling.

2.2. Turnover

Turnover represents net invoiced sales of services and associated goods, excluding value added tax.

2.3. 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:

Freehold	2% on Cost
Motor Vehicles	20% on cost
Fixtures & Fittings	20% on cost
Computer Equipment	20% on cost

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Leasing and Hire Purchase Contracts

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.

2.6. Stocks and Work in Progress

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

2.7. 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.

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Cromwell Engineering Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.8. Pensions

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. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2024: 15)

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost or Valuation
As at 1 April 2024	310,000	-	222,664	958
Revaluation	(15,000 )	-	-	-

As at 31 March 2025	295,000	-	222,664	958

Depreciation
As at 1 April 2024	12,400	-	93,678	728
Provided during the period	-	-	36,311	192
On revaluations	-	(12,400 )	-	-

As at 31 March 2025	12,400	(12,400 )	129,989	920

Net Book Value
As at 31 March 2025	282,600	12,400	92,675	38

As at 1 April 2024	297,600	-	128,986	230


	Computer Equipment	Total
	£	£
Cost or Valuation
As at 1 April 2024	13,389	547,011
Revaluation	-	(15,000 )

As at 31 March 2025	13,389	532,011

Depreciation
As at 1 April 2024	8,811	115,617
Provided during the period	1,444	37,947
On revaluations	-	(12,400 )

As at 31 March 2025	10,255	141,164

Net Book Value
As at 31 March 2025	3,134	390,847

As at 1 April 2024	4,578	431,394

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Cromwell Engineering Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	-
Additions	230,000

As at 31 March 2025	230,000

6. Stocks

	2025	2024
	£	£
Stock	5,000	5,000

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	172,831	239,304
Prepayments and accrued income	3,240	2,583
Other debtors	341,176	253,058
Directors' loan accounts	6,323	19,467
Amounts owed by group undertakings	9,144	-

	532,714	514,412

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	28,478	36,069
Trade creditors	315,887	246,003
Bank loans and overdrafts	10,000	10,000
Amounts owed to group undertakings	-	19,001
Other creditors	33,970	21,119
Taxation and social security	93,960	120,170

	482,295	452,362

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	56,057	84,535
Bank loans	3,333	13,333

	59,390	97,868

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Cromwell Engineering Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	28,478	36,069
Later than one year and not later than five years	56,057	84,535

	84,535	120,604

	84,535	120,604

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	40,000	40,000

12. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	5,739	-
Later than one year and not later than five years	15,783	-

	21,522	-

13. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Alexander Hall	20,667	10,198	(20,700 )	-	10,165

The above loan is unsecured, interest free and repayable on demand.

14. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 April 2024	194,684	236,849
Profit for year	-	90,975

Surplus on revaluation	65,000	-

Other comprehensive income for the year	65,000	-

Total comprehensive income for the year	65,000	90,975

Dividends paid	-	(5,000)

As at 31 March 2025	259,684	322,824

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Cromwell Engineering Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

15. Related Party Transactions

Dividends of £5,000 (2024:£15,000) were paid to Cromwell Property Holdings Ltd, its parent company.

At the balance sheet date, the company owed from Cromwell Property Holdings Ltd £9,144 (2024: was owed to £19,001). This loan is interest free, unsecured and repayable on demand.

16. Ultimate Controlling Party

The controlling party is Cromwell Property Holdings Ltd.

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