Company No: 02212131 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Kevin McCarthy
	Michaela Mccarthy

REGISTERED OFFICE	Unit 73 Claydon Business Park
	Gipping Road
	Great Blakenham
	Ipswich
	IP6 0NL
	United Kingdom

COMPANY NUMBER

02212131 (England and Wales)

CHARTERED ACCOUNTANTS	Gascoynes
	Gascoyne House
	Moseleys Farm Business Centre
	Fornham All Saints
	Bury St Edmunds
	Suffolk
	IP28 6JY

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	179,255		215,496
		179,255		215,496
Current assets
Stocks		8,000		8,000
Debtors	4	163,046		254,383
Cash at bank and in hand	5	630,365		408,543
		801,411		670,926
Creditors: amounts falling due within one year	6	( 197,511)		( 221,607)
Net current assets		603,900		449,319
Total assets less current liabilities		783,155		664,815
Provision for liabilities	7	( 37,458)		( 45,869)
Net assets		745,697		618,946
Capital and reserves
Called-up share capital		100		100
Profit and loss account		745,597		618,846
Total shareholder's funds		745,697		618,946

For the financial 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.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Claydon Precision Machining Limited (registered number: 02212131) were approved and authorised for issue by the Board of Directors on 20 May 2026. They were signed on its behalf by:

Kevin McCarthy Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Claydon Precision Machining Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 73 Claydon Business Park, Gipping Road, Great Blakenham, Ipswich, IP6 0NL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	15 years straight line
Plant and machinery	20 % reducing balance
Vehicles	20 % reducing balance
Computer equipment	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess 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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	7		7

3. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 January 2025	52,370		729,811		52,350		1,116		835,647
Additions	0		0		0		1,821		1,821
At 31 December 2025	52,370		729,811		52,350		2,937		837,468
Accumulated depreciation
At 01 January 2025	9,274		562,172		48,184		521		620,151
Charge for the financial year	3,491		33,527		834		210		38,062
At 31 December 2025	12,765		595,699		49,018		731		658,213
Net book value
At 31 December 2025	39,605		134,112		3,332		2,206		179,255
At 31 December 2024	43,096		167,639		4,166		595		215,496

4. Debtors

	2025		2024
	£		£
Trade debtors	160,051		251,204
Prepayments	2,995		3,179
	163,046		254,383

5. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	630,365		408,543

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	5,721		13,593
Amounts owed to related parties	115,546		154,483
Taxation and social security	75,956		53,099
Other creditors	288		432
	197,511		221,607

7. Provision for liabilities

	2025		2024
	£		£
Deferred tax	37,458		45,869

8. Related party transactions

Transactions with owners holding a participating interest in the entity

	2025		2024
	£		£
Amounts owed to Zenon Properties Limited at 31 December 2025	27,262		4,262

Management charges of £23,000 (2024 - £23,000) were paid to Zenon Properties Limited during the year.

Dividends of £60,000 (2024 - £60,000) were paid to Zenon Properties Limited during the year.

Other related party transactions

	2025		2024
	£		£
Amounts owed to Needham Fabrications Limited at 31 December 2025	88,284		150,221

The company is a wholly owned subsidiary of Zenon Properties Limited, a company registered in England and Wales. The company was under the control of Mr K P McCarthy and Mrs M McCarthy throughout the current and previous year. Mr & Mrs McCarthy are the only directors of the company and hold 100% of the shares in Zenon Properties Limited. Mr & Mrs McCarthy are the sole directors of Needham Fabrications Limited.