REGISTERED NUMBER: 02098380 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

FOR

REGAL PRECISION ENGINEERS (COLNE) LTD

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

I R Sorbie

S A Kitchen

SECRETARY:

I R Sorbie

REGISTERED OFFICE:

Walton Street Works

Walton Street

Colne

Lancashire

BB8 0EL

REGISTERED NUMBER:

02098380 (England and Wales)

ACCOUNTANTS:

Ainsworths Limited

Chartered Accountants

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Regal Precision Engineers (Colne) Ltd for the year ended 31st March 2026 which comprise the Income Statement, Balance Sheet and the 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Regal Precision Engineers (Colne) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Regal Precision Engineers (Colne) Ltd and state those matters that we have agreed to state to the Board of Directors of Regal Precision Engineers (Colne) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Regal Precision Engineers (Colne) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Regal Precision Engineers (Colne) Ltd 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 profit of Regal Precision Engineers (Colne) Ltd. You consider that Regal Precision Engineers (Colne) Ltd 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 Regal Precision Engineers (Colne) Ltd. 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.

Ainsworths Limited

Chartered Accountants

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

28th May 2026

FIXED ASSETS

Tangible assets

4

1,368,195

1,586,036

CURRENT ASSETS

Stocks

975,000

1,012,000

Debtors

5

860,464

935,764

Cash at bank and in hand

174,822

37,754

2,010,286

1,985,518

CREDITORS

Amounts falling due within one year

6

1,237,802

1,114,700

NET CURRENT ASSETS

772,484

870,818

TOTAL ASSETS LESS CURRENT LIABILITIES

2,140,679

2,456,854

CREDITORS

Amounts falling due after more than one year

7

(307,188

)

(519,950

)

PROVISIONS FOR LIABILITIES

(312,494

)

(277,049

)

NET ASSETS

1,520,997

1,659,855

CAPITAL AND RESERVES

Called up share capital

15,002

15,002

Retained earnings

1,505,995

1,644,853

SHAREHOLDERS' FUNDS

1,520,997

1,659,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 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 Income Statement has not been delivered.

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

I R Sorbie - Director

1.	STATUTORY INFORMATION

Regal Precision Engineers (Colne) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefit trusts

The company has purchased trusts for the benefit of employees and certain of their dependants. Monies held in these trusts are held by independent trustees and managed at their discretion.

Where the company retains future economic benefit from, and has de facto control of the assets and liabilities of the trust, they are accounted for as assets and liabilities of the company until the earlier of the date that an allocation of trust funds to employees in respect of past services is declared and the date that assets of the trust vest in identified individuals.

Where monies held in a trust are determined by the company on the basis of employees’ past services to the business and the company can obtain no future economic benefit from those monies, such monies, whether in the trust or accrued for by the company are charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2025 - 50 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1st April 2025

56,525

4,682,622

272,330

32,240

5,043,717

Additions

-

12,082

22,838

-

34,920

Disposals

-

(20,190

)

(160,058

)

-

(180,248

)

At 31st March 2026

56,525

4,674,514

135,110

32,240

4,898,389

DEPRECIATION

At 1st April 2025

44,261

3,177,337

216,942

19,141

3,457,681

Charge for year

1,226

227,028

10,743

3,275

242,272

Eliminated on disposal

-

(16,328

)

(153,431

)

-

(169,759

)

At 31st March 2026

45,487

3,388,037

74,254

22,416

3,530,194

NET BOOK VALUE

At 31st March 2026

11,038

1,286,477

60,856

9,824

1,368,195

At 31st March 2025

12,264

1,505,285

55,388

13,099

1,586,036

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st April 2025

2,375,856

23,245

2,399,101

Transfer to ownership

(677,847

)

-

(677,847

)

At 31st March 2026

1,698,009

23,245

1,721,254

DEPRECIATION

At 1st April 2025

1,123,979

10,442

1,134,421

Charge for year

157,168

3,201

160,369

Transfer to ownership

(473,753

)

-

(473,753

)

At 31st March 2026

807,394

13,643

821,037

NET BOOK VALUE

At 31st March 2026

890,615

9,602

900,217

At 31st March 2025

1,251,877

12,803

1,264,680

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

856,918

926,732

Other debtors

3,546

9,032

860,464

935,764

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

-

129,167

Hire purchase contracts

301,189

306,750

Trade creditors

309,651

299,161

Taxation and social security

230,532

360,640

Other creditors

396,430

18,982

1,237,802

1,114,700

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

-

56,250

Hire purchase contracts

307,188

463,700

307,188

519,950

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Hire purchase contracts

608,377

770,450

Hire purchase debts are secured against the assets they were used to finance.