REGISTERED NUMBER: 01773689

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

TJW PRECISION ENGINEERING LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

2,532,987

2,720,196

Investments

5

100

100

2,533,087

2,720,296

CURRENT ASSETS

Stocks

6

935,440

990,351

Debtors

7

1,104,264

1,374,762

Cash at bank and in hand

374,910

349,116

2,414,614

2,714,229

CREDITORS

Amounts falling due within one year

8

1,670,059

1,909,703

NET CURRENT ASSETS

744,555

804,526

TOTAL ASSETS LESS CURRENT LIABILITIES

3,277,642

3,524,822

CREDITORS

Amounts falling due after more than one year

9

(422,808

)

(706,003

)

PROVISIONS FOR LIABILITIES

(425,000

)

(265,000

)

NET ASSETS

2,429,834

2,553,819

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,429,734

2,553,719

SHAREHOLDERS' FUNDS

2,429,834

2,553,819

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2026 and were signed on its behalf by:

R J Hayes - Director

1.	STATUTORY INFORMATION

TJW Precision Engineering Limited is a private company, limited by shares, registered in England and Wales, registered number 01773689.The address of its registered office is Unit A1 Draycott Business Park, Cam, Dursley, Gloucestershire, GL11 5DQ.

The financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are for the year ended 30 November 2025 (2024: 30 November 2024).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with section 1A of Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK, and the Companies Act 2006.

The following principal accounting policies have been applied:

Preparation of consolidated financial statements

The financial statements contain information about TJW Precision Engineering Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

-

the company has transferred the significant risks and rewards of ownership to the buyer;

-

the company retains neither continuing managerial involvement to the degree associated with ownership nor effective control over the goods sold;

-

the amount of revenue can be measured reliably;

-

it is probable that the company will receive the consideration due under the transaction; and

-

the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

-

the amount of revenue can be measured reliably;

-

it is probable that the company will receive the consideration due under the transaction;

-

the stage of completion of the contract at the end of the reporting period can be measured reliably; and

-

the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined, which is the higher of its fair value less costs to seel and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property improvements

- 10% straight line

Plant, equipment, fixtures and fittings

- 10% to 33.3% straight line

Motor vehicles

- 20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.

Any revaluation increase or decrease on plant and machinery is credited to the revaluation reserve unless the recoverable amount is established to be less than its carrying amount or any gain relates to the reversal of a previous impairment. Impairment losses are recognised as an expense immediately.

Investments in subsidiaries

Investments in subsidiaries are measured at cost les accumulated impairment.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the profit and loss account.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties and amounts owed to and by group companies.

All financial assets and liabilities are initially measured at transaction value and subsequently measured at amortised cost.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and vest estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Current and deferred taxation

The tax charge for the year comprises of current and deferred tax.

Current tax is recognised for the amount of corporation tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.

Deferred tax assets are only 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 calculated 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.

Research and development

Research and development expenditure is charged to the profit and loss account when it is incurred.

Operating leases

Rentals paid under operating leases are charged to the profit and loss account on a straight-line basis over the lease term.

Pension costs and other post-retirement benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligations.

The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Finance costs

Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognise when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2024 - 42 ) .

4.	TANGIBLE FIXED ASSETS

Plant,

equipment,

Leasehold

fixtures

property

and

Motor

improvements

fittings

vehicles

Totals

£

£

£

£

COST

At 1 December 2024

130,124

5,798,643

24,070

5,952,837

Additions

-

134,233

4,825

139,058

Disposals

-

(4,000

)

-

(4,000

)

At 30 November 2025

130,124

5,928,876

28,895

6,087,895

DEPRECIATION

At 1 December 2024

130,124

3,088,565

13,952

3,232,641

Charge for year

-

323,209

3,058

326,267

Eliminated on disposal

-

(4,000

)

-

(4,000

)

At 30 November 2025

130,124

3,407,774

17,010

3,554,908

NET BOOK VALUE

At 30 November 2025

-

2,521,102

11,885

2,532,987

At 30 November 2024

-

2,710,078

10,118

2,720,196

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 December 2024

and 30 November 2025

100

NET BOOK VALUE

At 30 November 2025

100

At 30 November 2024

100

6.

STOCKS

30.11.25

30.11.24

£

£

Stocks

935,440

990,351

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

905,360

1,015,175

Amounts owed by group undertakings

14,000

226,416

Other debtors

184,904

133,171

1,104,264

1,374,762

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

571,027

844,059

Hire purchase contracts (see note 10)

258,841

297,216

Trade creditors

429,379

390,736

Amounts owed to group undertakings

22,477

779

Taxation and social security

181,405

152,140

Other creditors

206,930

224,773

1,670,059

1,909,703

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans

-

80,000

Hire purchase contracts (see note 10)

422,808

626,003

422,808

706,003

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.11.25

30.11.24

£

£

Net obligations repayable:

Within one year

258,841

297,216

Between one and five years

422,808

626,003

681,649

923,219

Non-cancellable

operating leases

30.11.25

30.11.24

£

£

Within one year

87,727

156,952

Between one and five years

200,000

222,316

In more than five years

166,667

166,667

454,394

545,935

11.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Bank loans

80,000

200,000

Hire purchase contracts

681,649

923,219

761,649

1,123,219

The bank loan is secured by way of a fixed and floating charge over the assets of the company.

The hire purchase liabilities are secured against the assets acquired.

The invoice discounting facility is secured by way of a fixed and floating charge over the assets of the company.

12.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme for the benefit of the directors and employees. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge for the period represents contributions payable by the company to the fund and amounted to £43,602 (2024: £Nil). Contributions totalling £14,509 (2024: £18,371) were payable to the fund at the balance sheet date and are included in other creditors.