REGISTERED NUMBER: 07496267 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

MH7 (Precision Engineering) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M R Hirst

REGISTERED OFFICE:

Woodhouse Broxa Lane

Hackness

Scarborough

North Yorkshire

YO13 9AA

REGISTERED NUMBER:

07496267 (England and Wales)

ACCOUNTANTS:

BK Plus Ltd

Abacus House

Pennine Business Park

Huddersfield

West Yorkshire

HD2 1GQ

FIXED ASSETS

Intangible assets

4

9,000

10,000

Tangible assets

5

276,119

301,969

285,119

311,969

CURRENT ASSETS

Stocks

6

26,250

25,000

Debtors

7

361,084

176,720

Cash at bank

111,721

117,960

499,055

319,680

CREDITORS

Amounts falling due within one year

8

293,285

281,780

NET CURRENT ASSETS

205,770

37,900

TOTAL ASSETS LESS CURRENT LIABILITIES

490,889

349,869

PROVISIONS FOR LIABILITIES

64,573

55,318

NET ASSETS

426,316

294,551

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

426,216

294,451

SHAREHOLDERS' FUNDS

426,316

294,551

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 21 April 2026 and were signed by:

Mr M R Hirst - Director

1.	STATUTORY INFORMATION

MH7 (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 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

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

At each reporting date the company assess whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery - 15% reducing balance

Fixtures and fittings - 15% reducing balance

Motor Vehicles - 25% reducing balance

Computer equipment - 25% reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

410,000

AMORTISATION

At 1 November 2024

400,000

Amortisation for year

1,000

At 31 October 2025

401,000

NET BOOK VALUE

At 31 October 2025

9,000

At 31 October 2024

10,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2024

680,820

25,830

34,491

-

741,141

Additions

19,500

90

-

933

20,523

Disposals

-

-

(8,496

)

-

(8,496

)

At 31 October 2025

700,320

25,920

25,995

933

753,168

DEPRECIATION

At 1 November 2024

389,309

16,327

33,536

-

439,172

Charge for year

44,427

1,436

206

172

46,241

Eliminated on disposal

-

-

(8,364

)

-

(8,364

)

At 31 October 2025

433,736

17,763

25,378

172

477,049

NET BOOK VALUE

At 31 October 2025

266,584

8,157

617

761

276,119

At 31 October 2024

291,511

9,503

955

-

301,969

6.

STOCKS

31.10.25

31.10.24

£

£

Stocks

26,250

25,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

279,778

170,005

Other debtors

81,306

6,715

361,084

176,720

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Hire purchase contracts

-

401

Trade creditors

94,570

74,742

Taxation and social security

73,166

37,977

Other creditors

125,549

168,660

293,285

281,780

9.

LOANS

An analysis of the maturity of loans is given below:

31.10.25

31.10.24

£

£

Amounts falling due within one year or on demand:

Other loans

1,125

837

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2025 and 31 October 2024:

31.10.25

31.10.24

£

£

Director 1

Balance outstanding at start of year

-

-

Amounts advanced

68,201

-

Amounts repaid

(405

)

-

Balance outstanding at end of year

67,796

-

Included within creditors, due within one year, is a loan from the director of £NIL (2024: £4,102). The loan is interest free and is repayable on demand.