REGISTERED NUMBER: 05114474 (England and Wales)

Wecs Precision Limited

Financial Statements for the Year Ended 31 March 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

213,489

235,869

213,489

235,869

Current assets

Stocks

6

50,212

60,212

Debtors

7

349,278

328,904

Cash at bank

449,552

514,635

849,042

903,751

Creditors

Amounts falling due within one year

8

(191,616

)

(294,235

)

Net current assets

657,426

609,516

Total assets less current liabilities

870,915

845,385

Provisions for liabilities

9

(62,168

)

(62,168

)

Net assets

808,747

783,217

Capital and reserves

Called up share capital

1,000

1,000

Retained earnings

10

807,747

782,217

Shareholders' funds

808,747

783,217

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

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 director acknowledges his 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 director and authorised for issue on 11 December 2025 and were signed by:

Nigel John Pooles - Director

1.	Statutory information

Wecs Precision Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05114474

Registered office:

Blenheim Road

Longmead Industrial Estate

Epsom

Surrey

KT19 9BE

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 0, is being amortised evenly over its estimated useful life of nil 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.

Stocks

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

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.

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 year was 12 (2024 - 12 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2024

and 31 March 2025

388,385

Amortisation

At 1 April 2024

and 31 March 2025

388,385

Net book value

At 31 March 2025

-

At 31 March 2024

-

5.	Tangible fixed assets

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 April 2024

1,090,121

19,897

7,500

18,405

1,135,923

Additions

24,764

6,003

-

-

30,767

At 31 March 2025

1,114,885

25,900

7,500

18,405

1,166,690

Depreciation

At 1 April 2024

856,866

18,510

7,500

17,178

900,054

Charge for year

51,252

1,817

-

78

53,147

At 31 March 2025

908,118

20,327

7,500

17,256

953,201

Net book value

At 31 March 2025

206,767

5,573

-

1,149

213,489

At 31 March 2024

233,255

1,387

-

1,227

235,869

6.

Stocks

31.3.25

31.3.24

£

£

Finished goods

50,212

60,212

7.

Debtors: amounts falling due within one year

31.3.25

31.3.24

£

£

Trade debtors

172,427

228,464

Dividends Liability

133,019

56,397

WECS Tools - Monthly Charges

11,047

11,047

Loans

6,092

7,072

Corporation Tax Debtor

16,934

16,934

Prepayments - Advance Charges

9,759

8,990

349,278

328,904

8.

Creditors: amounts falling due within one year

31.3.25

31.3.24

£

£

Trade creditors

118,986

123,875

Corporation tax

19,843

86,294

Social security and other taxes

30,127

39,392

VAT

34,970

56,002

Other creditors

2,018

-

Accrued expenses

(14,328

)

(11,328

)

191,616

294,235

9.	Provisions for liabilities

31.3.25

31.3.24

£

£

Deferred tax

Accelerated capital allowances

62,168

62,168

Deferred tax

£

Balance at 1 April 2024

Prior year adjustment

62,168

As restated

62,168

Balance at 31 March 2025

62,168

10.

Reserves

Retained

earnings

£

At 1 April 2024

782,217

Profit for the year

81,931

Dividends

(56,401

)

At 31 March 2025

807,747