2D Engineering Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

2D Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 2678155 . The registered office is Court Reed Farm, Sandy Lane Great Chart, Ashford, Kent, TN26 1JN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. 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.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment 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:

Freehold	not depreciated
Plant & Machinery	10% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	15% on reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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 as incurred.

2.5. 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.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable 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 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.

...CONTINUED

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2D Engineering Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Taxation - continued

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.

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.

2.7. 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.

2.8. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 5)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost or Valuation
As at 1 January 2025	51,633	888,014	11,808	951,455
Disposals	-	(407,382 )	-	(407,382 )

As at 31 December 2025	51,633	480,632	11,808	544,073

Depreciation
As at 1 January 2025	-	522,645	11,548	534,193
Provided during the period	-	14,533	39	14,572
Disposals	-	(187,347 )	-	(187,347 )

As at 31 December 2025	-	349,831	11,587	361,418

Net Book Value
As at 31 December 2025	51,633	130,801	221	182,655

As at 1 January 2025	51,633	365,369	260	417,262

The asset stated as freehold property relates to improvements thereto and the Company has no title to the freehold of the factory unit.

The Directors carried out a revaluation of plant and vehicles and adjustments were made to show a fair value of each.

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2D Engineering Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Plant & Machinery	-	217,293

5. Stocks

	2025	2024
	£	£
Work in progress	23,000	37,362

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	97,745	152,800

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	7,667	7,667
Trade creditors	19,849	18,221
Bank loans and overdrafts	4,802	129,427
Other taxes and social security	46,712	30,698
Accruals and deferred income	4,726	4,877
Directors' loan accounts	205,673	110,898

	289,429	301,788

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	4,472	12,139
Bank loans	-	101,564

	4,472	113,703

9. Deferred Taxation

The provision for deferred taxation is made up of accelerated capital allowances

	2025	2024
	£	£
Other timing differences	-	14,709

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

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2D Engineering Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Pension Commitments

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

12. Ultimate Controlling Party

The company's ultimate controlling parties are Kevin and Pauline Daniels by virtue of their ownership of 100% of the issued share capital in the company.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		182,655		417,262

			182,655		417,262
CURRENT ASSETS
Stocks	5	23,000		37,362
Debtors	6	97,745		152,800
Cash at bank and in hand		30,000		-

		150,745		190,162
Creditors: Amounts Falling Due Within One Year	7	(289,429 )		(301,788 )

NET CURRENT ASSETS (LIABILITIES)			(138,684 )		(111,626 )

TOTAL ASSETS LESS CURRENT LIABILITIES			43,971		305,636

Creditors: Amounts Falling Due After More Than One Year	8		(4,472 )		(113,703 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		-		(14,709 )

NET ASSETS			39,499		177,224

CAPITAL AND RESERVES
Called up share capital	10		1,000		1,000
Profit and Loss Account			38,499		176,224

SHAREHOLDERS' FUNDS			39,499		177,224

Mr Kevin Daniels Director	Mrs Pauline Daniels Director
14/05/2026