Registration number: SC527856

Alchemy CNC Engineering Limited

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Alchemy CNC Engineering Limited

(Registration number: SC527856)
Statement of Financial Position as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	470,183	518,393
Current assets
Stocks	5	15,000	15,000
Debtors	6	215,823	295,155
Cash at bank and in hand		203,073	191,288
		433,896	501,443
Creditors: Amounts falling due within one year	7	(127,613)	(191,829)
Net current assets		306,283	309,614
Total assets less current liabilities		776,466	828,007
Creditors: Amounts falling due after more than one year	7	(33,070)	(145,377)
Provisions for liabilities		(48,735)	(57,894)
Net assets		694,661	624,736
Capital and reserves
Called up share capital		10	10
Retained earnings		694,651	624,726
Shareholders' funds		694,661	624,736

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Income Statement.

Alchemy CNC Engineering Limited

(Registration number: SC527856)
Statement of Financial Position as at 30 November 2025

Approved and authorised by the director on 5 May 2026
 

......................................... Mr John McNab Director

Alchemy CNC Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
11b Fairmuir Street
Dundee
DD3 8HU

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Alchemy CNC Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	20% reducing balance
Plant and machinery	20% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Alchemy CNC Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 10 (2024 - 10).

Alchemy CNC Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 December 2024	213,685	21,257	536,714	4,746	16,945	793,347
Additions	-	-	12,941	1,197	-	14,138
At 30 November 2025	213,685	21,257	549,655	5,943	16,945	807,485
Depreciation
At 1 December 2024	-	4,998	265,672	1,276	3,008	274,954
Charge for the year	-	3,253	54,853	758	3,484	62,348
At 30 November 2025	-	8,251	320,525	2,034	6,492	337,302
Carrying amount
At 30 November 2025	213,685	13,006	229,130	3,909	10,453	470,183
At 30 November 2024	213,685	16,259	271,042	3,470	13,937	518,393

Included within the net book value of land and buildings above is £213,685 (2024 - £213,685) in respect of freehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Work in progress	15,000	15,000

6

Debtors

Current	2025 £	2024 £
Trade debtors	202,139	295,155
Other debtors	13,684	-
	215,823	295,155

Alchemy CNC Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	53,552	81,141
Taxation and social security		70,036	77,668
Accruals and deferred income		4,025	32,905
Other creditors		-	115
		127,613	191,829

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	33,070	145,377

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	59,599
Other borrowings	33,070	85,778
	33,070	145,377

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	13,091
Other borrowings	53,552	68,050
	53,552	81,141