CURTIS MACHINE TOOLS LIMITED 31/07/2025 iXBRL

Company registration number: 03820802

(England and Wales)

CURTIS MACHINE TOOLS LIMITED

Unaudited filleted financial statements

for the year ended

31 July 2025

CURTIS MACHINE TOOLS LIMITED

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

CURTIS MACHINE TOOLS LIMITED

Directors and other information


Directors	R M Curtis
	M G Scarfe
	S J Dodsworth	(Resigned 31 January 2025)
	E C Mayhew	(Appointed 1 February 2025)
	S L Allard	(Appointed 1 October 2025)
	D J Hill	(Appointed 1 October 2025)


Secretary	Mrs E A Scarfe


Company number	03820802


Registered office	4 & 5 The Cedars
	Apex 12, Old Ipswich Road
	Colchester
	Essex
	CO7 7QR


Business address	Martells Industrial Estate
	Slough Lane
	Ardleigh
	Colchester, Essex
	CO7 7RU


Accountants	Griffin Chapman
	4 & 5 The Cedars
	Apex 12, Old Ipswich Road
	Colchester
	Essex
	CO7 7QR

CURTIS MACHINE TOOLS LIMITED

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of CURTIS MACHINE TOOLS LIMITED

Year ended 31 July 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of CURTIS MACHINE TOOLS LIMITED for the year ended 31 July 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of CURTIS MACHINE TOOLS LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of CURTIS MACHINE TOOLS LIMITED and state those matters that we have agreed to state to the board of directors of CURTIS MACHINE TOOLS LIMITED as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CURTIS MACHINE TOOLS LIMITED and its board of directors as a body for our work or for this report.

It is your duty to ensure that CURTIS MACHINE TOOLS LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of CURTIS MACHINE TOOLS LIMITED. You consider that CURTIS MACHINE TOOLS LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of CURTIS MACHINE TOOLS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Griffin Chapman

Chartered Accountants

4 & 5 The Cedars

Apex 12, Old Ipswich Road

Colchester

Essex

CO7 7QR

24 April 2026

CURTIS MACHINE TOOLS LIMITED

Statement of financial position

31 July 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	348,718		387,081
Tangible assets	6	78,887		40,954
		_______		_______
			427,605		428,035

Current assets
Stocks		1,545,809		1,329,047
Debtors	7	692,207		282,424
Cash at bank and in hand		122,015		535,271
		_______		_______
		2,360,031		2,146,742
Creditors: amounts falling due
within one year	8	( 1,708,495)		( 1,136,358)
		_______		_______
Net current assets			651,536		1,010,384
			_______		_______
Total assets less current liabilities			1,079,141		1,438,419


Provisions for liabilities			-		( 42,563)

			_______		_______
Net assets			1,079,141		1,395,856
			_______		_______

Capital and reserves
Called up share capital			8,000		8,000
Profit and loss account			1,071,141		1,387,856
			_______		_______
Shareholders funds			1,079,141		1,395,856
			_______		_______

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 24 April 2026 , and are signed on behalf of the board by:

M G Scarfe

Director

Company registration number: 03820802

CURTIS MACHINE TOOLS LIMITED

Notes to the financial statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 & 5 The Cedars, Apex 12, Old Ipswich Road, Colchester, Essex, CO7 7QR.

The principal activity of the company continues to be that of machine engineering and service.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Development costs	-	10 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	25 %	straight line
Motor vehicles	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 23 (2024: 23 ).

5. Intangible assets

	Goodwill	Development costs	Total
	£	£	£
Cost
At 1 August 2024	-	453,627	453,627
Additions	7,000	-	7,000
	_______	_______	_______
At 31 July 2025	7,000	453,627	460,627
	_______	_______	_______
Amortisation
At 1 August 2024	-	66,546	66,546
Charge for the year	-	45,363	45,363
	_______	_______	_______
At 31 July 2025	-	111,909	111,909
	_______	_______	_______
Carrying amount
At 31 July 2025	7,000	341,718	348,718
	_______	_______	_______
At 31 July 2024	-	387,081	387,081
	_______	_______	_______

6. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Leasehold property improvements	Total
	£	£	£	£
Cost
At 1 August 2024	391,514	20,903	28,532	440,949
Additions	49,620	-	-	49,620
	_______	_______	_______	_______
At 31 July 2025	441,134	20,903	28,532	490,569
	_______	_______	_______	_______
Depreciation
At 1 August 2024	364,781	19,251	15,963	399,995
Charge for the year	9,847	551	1,289	11,687
	_______	_______	_______	_______
At 31 July 2025	374,628	19,802	17,252	411,682
	_______	_______	_______	_______
Carrying amount
At 31 July 2025	66,506	1,101	11,280	78,887
	_______	_______	_______	_______
At 31 July 2024	26,733	1,652	12,569	40,954
	_______	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	527,397	106,978
Amounts owed by group undertakings and undertakings in which the company has a participating interest	-	112,544
Other debtors	164,810	62,902
	_______	_______
	692,207	282,424
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	28,189	-
Trade creditors	618,564	307,633
Amounts owed to group undertakings and undertakings in which the company has a participating interest	8,348	-
Taxation and social security	31,159	30,810
Other creditors	1,022,235	797,915
	_______	_______
	1,708,495	1,136,358
	_______	_______

9. Operating leases

The company as lessee

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


	£	£

Not later than 1 year	73,336	74,390
Later than 1 year and not later than 5 years	24,056	97,392
	_______	_______
	97,392	171,782
	_______	_______

10. Related party transactions

There are loans to other group companies totalling £Nil (2024 £112,544) at the balance sheet date, these are included in debtors.There are loans from other group companies totalling £8,348 (2024 £Nil) at the balance sheet date, these are included in creditors.

11. Controlling party

The company is controlled by Precision Grinding Technologies Limited , a company incorporated in the UK. The registered office is 4 & 5 The Cedars, Apex 12, Old Ipswich Road, Colchester, Essex, CO7 7QR and the principal place of business is Martells Industrial Estate, Slough Lane, Ardleigh, Essex, CO7 7RU.The ultimate holding company is Scarfe Holdings Limited .