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Registered number: 03699456
Ludwick Precision Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Michael Price Associates Limited
Ludwick Precision Ltd
Contents
Contents

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

Page 1
Ludwick Precision Ltd
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 03699456

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 459,054 |  | 574,505
|  |  | 459,054 |  | 574,505
CURRENT ASSETS
Stocks | 5 | 63,731 |  | 26,674 |
Debtors | 6 | 604,429 |  | 804,664 |
Cash at bank and in hand |  | 223,475 |  | 121,961 |
|  | 891,635 |  | 953,299 |
Creditors: Amounts Falling Due Within One Year | 7 | (444,614 ) |  | (488,815 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 447,021 |  | 464,484
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 906,075 |  | 1,038,989
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (329,141 ) |  | (441,048 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 10 |  | (113,203 ) |  | (143,686 )
NET ASSETS |  |  | 463,731 |  | 454,255
CAPITAL AND RESERVES
Called up share capital | 11 |  | 2,000 |  | 2,000
Share premium account |  |  | 283 |  | 283
Profit and Loss Account |  |  | 461,448 |  | 451,972
SHAREHOLDERS' FUNDS |  |  | 463,731 |  | 454,255

Page 1
Page 2
Ludwick Precision Ltd
Balance Sheet (continued)
As At 31 December 2025
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

R Ludwick Director
02/06/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Ludwick Precision Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Ludwick Precision Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03699456 . The registered office is Np-105, Icentre Howard Way, Interchange Park, Newport Pagnell, MK16 9PY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors will continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.
2.4. Research and Development
Expenditure on research and development is written off in the year in which it is incurred.
2.5. 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:

Leasehold | 25% reducing balance
Plant & Machinery | 15 - 25% reducing balance
Motor Vehicles | 25% reducing balance
Fixtures & Fittings | 25% reducing balance
Computer Equipment | 25% reducing balance

2.6. Leasing and Hire Purchase Contracts
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.
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of then lease.
2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2024: 26)
25 26
Page 3
Page 4
Ludwick Precision Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
4. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings
| £ | £ | £ | £
Cost
As at 1 January 2025 | 11,251 | 1,055,028 | 116,932 | 52,899
Additions | - | 17,527 | - | -
Disposals | - | (149,778 ) | - | -
As at 31 December 2025 | 11,251 | 922,777 | 116,932 | 52,899
Depreciation
As at 1 January 2025 | 3,136 | 559,899 | 71,942 | 31,513
Provided during the period | 2,029 | 83,297 | 11,247 | 5,345
Disposals | - | (119,939 ) | - | -
As at 31 December 2025 | 5,165 | 523,257 | 83,189 | 36,858
Net Book Value
As at 31 December 2025 | 6,086 | 399,520 | 33,743 | 16,041
As at 1 January 2025 | 8,115 | 495,129 | 44,990 | 21,386

| Computer Equipment | Total
--- | --- | ---
| £ | £
Cost
As at 1 January 2025 | 21,865 | 1,257,975
Additions | - | 17,527
Disposals | - | (149,778 )
As at 31 December 2025 | 21,865 | 1,125,724
Depreciation
As at 1 January 2025 | 16,980 | 683,470
Provided during the period | 1,221 | 103,139
Disposals | - | (119,939 )
As at 31 December 2025 | 18,201 | 666,670
Net Book Value
As at 31 December 2025 | 3,664 | 459,054
As at 1 January 2025 | 4,885 | 574,505

5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 63,731 |  | 26,674

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Page 4
Page 5
Ludwick Precision Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 552,012 |  | 766,517
Prepayments and accrued income | 9,263 |  | 9,263
Other debtors | - |  | 28,058
Deferred tax current asset | 43,154 |  | -
Net wages | - |  | 826
| 604,429 |  | 804,664

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 92,516 |  | 121,875
Trade creditors | 267,676 |  | 183,796
Bank loans and overdrafts | 9,621 |  | 65,071
Other creditors | - |  | 7,479
Taxation and social security | 74,801 |  | 110,594
| 444,614 |  | 488,815

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 267,660 |  | 344,112
Bank loans | - |  | 9,655
Other creditors | 61,481 |  | 87,281
| 329,141 |  | 441,048

9. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 92,516 |  | 121,875
Later than one year and not later than five years | 267,660 |  | 337,341
Later than five years | - |  | 6,771
| 360,176 |  | 465,987
| 360,176 |  | 465,987

Page 5
Page 6
Ludwick Precision Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
10. Deferred Taxation
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.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 113,203 |  | 143,686

11. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2,000 |  | 2,000

12. Pension Commitments
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.
13. Related Party Transactions
During the year, the company sold an asset to Notchco Ltd, a related party, at its net book value
Page 6