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Registered number: 01765270
A Fawcett Precision Engineering Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
FB Accounting Ltd t/a Futureproof Accounting
57b Commercial Street Rothwell
Leeds
West Yorkshire
LS26 0QD
A Fawcett Precision Engineering Limited
Contents
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
A Fawcett Precision Engineering Limited
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 01765270
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 253,321 341,448
253,321 341,448
CURRENT ASSETS
Stocks 5 20,996 25,391
Debtors 6 148,824 163,426
Cash at bank and in hand 145,277 173,110
315,097 361,927
Creditors: Amounts Falling Due Within One Year 7 (145,830 ) (156,194 )
NET CURRENT ASSETS (LIABILITIES) 169,267 205,733
TOTAL ASSETS LESS CURRENT LIABILITIES 422,588 547,181
Creditors: Amounts Falling Due After More Than One Year 8 (87,554 ) (134,231 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (63,325 ) (85,362 )
NET ASSETS 271,709 327,588
CAPITAL AND RESERVES
Called up share capital 9 250,000 250,000
Profit and Loss Account 21,709 77,588
SHAREHOLDERS' FUNDS 271,709 327,588
Page 1
Page 2
A Fawcett Precision Engineering Limited
Balance Sheet (continued)
As At 31 December 2025
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The financial statements were approved by the board of directors on 24 April 2026 and were signed on its behalf by:
Mrs Joanne Thompson
Director
24/04/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
A Fawcett Precision Engineering Limited
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
A Fawcett Precision Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01765270 . The registered office is 57b Commercial Street, Rothwell, Leeds, West Yorkshire, LS26 0QD. The principal place of business is Unit 1, James Street, Elland, HX5 0HB. 
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis which the director considers to be appropriate for the following reasons; The directors have prepared forecasts extending for a period greater than 12 months, which include cash flow forecasts and profit and loss accounts. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any impairmnent 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:
Plant & Machinery 15% Straight line
Motor Vehicles 25% Straight line
Fixtures & Fittings 33% Straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2.5. Leasing and Hire Purchase Contracts
Leases are classified as finance leases whenever the terms of the lease transfer substatially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis over the term of the relevant lease.
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A Fawcett Precision Engineering Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
At each reporting date, an assessment is made for impairment. Any exces of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
2.7. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all
of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to
the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets 
Basic financial assets, which include trade debtors, other debtors and cash and bank balances, are measured at transaction price including transaction costs.
Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date. 
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. 
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss
Derecognition of financial assets 
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including trade creditors, other creditors, obligations under hire purchase agreements and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.
Derecognition of financial liabilities 
Financial liabilities are derecognised when, and only when, the group's contractual obligations are discharged, cancelled, or they expire.
Equity instruments
Equity instruments issued by the company are recorded at the fair value of proceeds recieved, net of transaction costs.
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A Fawcett Precision Engineering Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.8. Taxation
Income tax expense represents the sum of current tax and deferred tax. Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Current tax 
The current tax 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
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.
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 reflect 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. Amounts owed to the scheme are shown within other creditors.
2.10. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 10)
10 10
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2025 1,463,114 29,875 17,779 1,510,768
Additions - - 9,066 9,066
As at 31 December 2025 1,463,114 29,875 26,845 1,519,834
Depreciation
As at 1 January 2025 1,140,605 11,203 17,512 1,169,320
Provided during the period 87,534 7,468 2,191 97,193
As at 31 December 2025 1,228,139 18,671 19,703 1,266,513
Net Book Value
As at 31 December 2025 234,975 11,204 7,142 253,321
As at 1 January 2025 322,509 18,672 267 341,448
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A Fawcett Precision Engineering Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
Included within the table above are assets held under hire purchase contracts with a net book value of £11,203 (2024: £18,672). During the year, depreciation charged on assets held under hire purchase contracts was £7,468 (2024: £7,469).
5. Stocks
2025 2024
£ £
Stock 20,996 25,391
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 139,543 154,762
Other debtors 9,281 8,664
148,824 163,426
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 5,125 4,653
Trade creditors 20,996 15,546
Bank loans and overdrafts 6,667 10,000
Other creditors 77,555 101,868
Taxation and social security 35,487 24,127
145,830 156,194
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 14,314 19,439
Bank loans - 6,667
Other creditors 73,240 108,125
87,554 134,231
Net obligations under finance lease and hire purchase contracts are secured against the assets to which they relate.
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 250,000 250,000
10. Contingent Liabilities
DPJP family Pensions SSAS holds a floating charge over the assets of the company in relation to loans made to the company. The loans outstanding at the year end amounted to £129,453 (2024: £211,830).
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