Accounts



















	AZTEC PRECISION ENGINEERING LTD



	UNAUDITED FINANCIAL STATEMENTS


	FOR THE YEAR ENDED 31 MARCH 2025

	AZTEC PRECISION ENGINEERING LTD
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025


	DIRECTOR

	Mr A.N.Taggart


	SECRETARY

	Mr L.A.Taggart

	REGISTERED OFFICE

	25 Park Street West Luton Beds LU1 3BE


	COMPANY REGISTERED NUMBER

	04510398


	BANKERS

	Lloyds Bank plc


	ACCOUNTANTS

	Haartwells
	Chartered Certified Accountants
	25 Park Street West Luton Beds LU1 3BE

	page 1

	AZTEC PRECISION ENGINEERING LTD
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025




	CONTENTS

	Pages


	3-4	Statement of Financial Position


	5-8	Notes to the Financial Statements

	page 2

AZTEC PRECISION ENGINEERING LTD
Company registered number: 04510398
STATEMENT OF FINANCIAL POSITION AT 31 March 2025

	Note	2025		2024
		£	£	£
FIXED ASSETS
Intangible assets	3		30,000	30,000
Property, plant and equipment	4		70	83
			30,070	30,083
CURRENT ASSETS
Debtors	5	53,079		71,458
Cash at bank and in hand		46,649		41,464
		99,728		112,922
CREDITORS: Amounts falling due within one year	6	23,640		33,995
NET CURRENT ASSETS			76,088	78,927
TOTAL ASSETS LESS CURRENT LIABILITIES			106,158	109,010

CREDITORS: Amounts falling due after more than one year	7		(8,068)	(17,351)
NET ASSETS			£98,090	£91,659

CAPITAL AND RESERVES
Called up share capital			100	100
Retained earnings			97,990	91,559
SHAREHOLDERS' FUNDS			£98,090	£91,659

	The notes on pages 5-8 form part of these financial statements

	page 3

AZTEC PRECISION ENGINEERING LTD
Company registered number: 04510398
STATEMENT OF FINANCIAL POSITION AT 31 March 2025 (CONT.)

	Note	2025		2024
		£	£	£



	In approving these financial statements as director of the company I hereby confirm the following:

	For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

	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: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.


	These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies

	In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

	The financial statements were approved and authorised for issue by the board of directors on 23 December 2025

	Signed on behalf of the board of directors



	Mr A.N.Taggart, Director

	The notes on pages 5-8 form part of these financial statements

	page 4

	AZTEC PRECISION ENGINEERING LTD
	NOTES TO THE ACCOUNTS
	FOR THE YEAR ENDED 31 MARCH 2025



1.	SIGNIFICANT ACCOUNTING POLICIES


1a.	Statement of compliance

	Aztec Precision Engineering Ltd is a Private limited company incorporated in England & Wales.

	The company's registered number and registered office address can be found on the Company Information page.

	These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 April 2024.

	The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes and below. These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

	Basis of accounting


	The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.


1c.	Revenue recognition

	Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.


1d.	Borrowing costs

	Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.


1e.	Taxation


	Current or deferred tax for the year is recognised in profit or loss, except when they relate 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.


	Intangible assets

	The notes on pages 5-8 form part of these financial statements

	page 5

	AZTEC PRECISION ENGINEERING LTD
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 MARCH 2025



1.	SIGNIFICANT ACCOUNTING POLICIES (CONT.)


1g.	Property, plant and equipment

	Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.

	Equipment	Reducing balance 15%


1h.	Short term debtors and creditors

	Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.


1i.	Cash and cash equivalents

	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.


1j.	Leased assets

	Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.



2.	DIRECTORS AND EMPLOYEES

	The average weekly number of employees during the year were as follows:
		2025	2024

	Management and administration	1	1
	Production and sales	1	1
		2	2

	The notes on pages 5-8 form part of these financial statements

	page 6

	AZTEC PRECISION ENGINEERING LTD
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 MARCH 2025



3.	INTANGIBLE FIXED ASSETS

		Goodwill	Total
		£	£
	Cost

	At 1 April 2024	30,000	30,000
	At 31 March 2025	30,000	30,000
	Amortisation

	At 31 March 2025	-	-

	Net Book Amounts

	At 31 March 2025	30,000	30,000
	At 31 March 2024	30,000	30,000


4.	PROPERTY, PLANT AND EQUIPMENT
		Fixtures &
		Equipment	Total
		£	£
	Cost

	At 1 April 2024	1,309	1,309

	At 31 March 2025	1,309	1,309

	Depreciation

	At 1 April 2024	1,226	1,226
	For the year	13	13
	At 31 March 2025	1,239	1,239

	Net Book Amounts

	At 31 March 2025	70	70
	At 31 March 2024	83	83

	The notes on pages 5-8 form part of these financial statements

	page 7

	AZTEC PRECISION ENGINEERING LTD
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 MARCH 2025



5.	DEBTORS	2025	2024
		£	£
	Loans	53,079	71,458
		£53,079	£71,458



6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£
	Bank loans and overdrafts	9,835	9,835
	Trade creditors	324	5,120
	Corporation tax	2,425	1,511
	Other taxes and social security	625	160
	Other creditors	9,231	16,169
	Accruals and deferred income	1,200	1,200
		£23,640	£33,995



7.	CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
		2025	2024
		£	£
	Bank loans and overdrafts	8,068	17,351
		£8,068	£17,351



	Analysis of borrowings:

	Due within five years:
	within 1 year
	bank	9,835	9,835
	within 2-5 years
	bank	8,068	17,351
		£17,903	£27,186

	The notes on pages 5-8 form part of these financial statements

	page 8