Acorah Software Products - Accounts Production 19.2.450 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 04290200 Mr Nigel Sterland Mrs Anne Sterland Mrs Anne Sterland iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04290200 2024-12-31 04290200 2025-12-31 04290200 2025-01-01 2025-12-31 04290200 frs-core:CurrentFinancialInstruments 2025-12-31 04290200 frs-core:Non-currentFinancialInstruments 2025-12-31 04290200 frs-core:BetweenOneFiveYears 2025-12-31 04290200 frs-core:FurnitureFittings 2025-12-31 04290200 frs-core:FurnitureFittings 2025-01-01 2025-12-31 04290200 frs-core:FurnitureFittings 2024-12-31 04290200 frs-core:PlantMachinery 2025-12-31 04290200 frs-core:PlantMachinery 2025-01-01 2025-12-31 04290200 frs-core:PlantMachinery 2024-12-31 04290200 frs-core:WithinOneYear 2025-12-31 04290200 frs-core:ShareCapital 2025-12-31 04290200 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 04290200 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 04290200 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 04290200 frs-bus:SmallEntities 2025-01-01 2025-12-31 04290200 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 04290200 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 04290200 frs-bus:Director1 2025-01-01 2025-12-31 04290200 frs-bus:Director2 2025-01-01 2025-12-31 04290200 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 04290200 frs-countries:EnglandWales 2025-01-01 2025-12-31 04290200 2023-12-31 04290200 2024-12-31 04290200 2024-01-01 2024-12-31 04290200 frs-core:CurrentFinancialInstruments 2024-12-31 04290200 frs-core:Non-currentFinancialInstruments 2024-12-31 04290200 frs-core:BetweenOneFiveYears 2024-12-31 04290200 frs-core:WithinOneYear 2024-12-31 04290200 frs-core:ShareCapital 2024-12-31 04290200 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 04290200
MILLBROOK PRECISION ENGINEERING LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2025
Hadfields Chartered Certified Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04290200
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,066,845 1,164,403
1,066,845 1,164,403
CURRENT ASSETS
Stocks 5 26,710 69,872
Debtors 6 356,389 344,589
Cash at bank and in hand 50 100
383,149 414,561
Creditors: Amounts Falling Due Within One Year 7 (289,138 ) (307,550 )
NET CURRENT ASSETS (LIABILITIES) 94,011 107,011
TOTAL ASSETS LESS CURRENT LIABILITIES 1,160,856 1,271,414
Creditors: Amounts Falling Due After More Than One Year 8 (375,022 ) (453,598 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (266,727 ) (253,708 )
NET ASSETS 519,107 564,108
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 518,107 563,108
SHAREHOLDERS' FUNDS 519,107 564,108
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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
Mr Nigel Sterland
Director
28/05/2026
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
MILLBROOK PRECISION ENGINEERING LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 04290200 . The registered office is Millbrook House, 31 Rye Hill Avenue Brookside, Chesterfield, Derbyshire, S40 3PD.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Plant & Machinery 1% to 25% reducing balance
Fixtures & Fittings 10% to 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2024: 18)
18 18
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2025 1,762,041 275,953 2,037,994
Additions 24,058 8,926 32,984
Disposals (59,289 ) (4,368 ) (63,657 )
As at 31 December 2025 1,726,810 280,511 2,007,321
Depreciation
As at 1 January 2025 707,144 166,447 873,591
Provided during the period 89,826 12,362 102,188
Disposals (32,575 ) (2,728 ) (35,303 )
As at 31 December 2025 764,395 176,081 940,476
Net Book Value
As at 31 December 2025 962,415 104,430 1,066,845
As at 1 January 2025 1,054,897 109,506 1,164,403
5. Stocks
2025 2024
£ £
Stock 26,710 69,872
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 326,086 323,498
Other debtors 30,303 21,091
356,389 344,589
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 71,929 71,929
Trade creditors 55,439 80,396
Bank loans and overdrafts 48,512 44,126
Amounts owed to participating interests 1,060 1,060
Other creditors 12,754 12,797
Taxation and social security 99,444 97,242
289,138 307,550
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 145,569 217,497
Bank loans 9,000 45,000
Other creditors 220,453 191,101
375,022 453,598
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 71,929 71,929
Later than one year and not later than five years 145,569 217,497
217,498 289,426
217,498 289,426
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
11. Related Party Transactions
During the year, total dividends of £78,000 (2024 - £75,400) were paid to directors.
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