Ludwick Precision Ltd

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

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

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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.

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)

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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.

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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

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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

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