D&G Precision Engineering Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC212568 (Scotland)

D&G PRECISION ENGINEERING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2025

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

S Griffin

REGISTERED OFFICE:

1-3 Hagmill Road

Coatbridge

North Lanarkshire

ML5 4XD

REGISTERED NUMBER:

SC212568 (Scotland)

ACCOUNTANTS:

russell + russell

Chartered Certified Accountants

4 Royal Crescent

Glasgow

G3 7SL

The following reproduces the text of the report prepared for the director 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 Director 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 D&G Precision Engineering Limited for the year ended 30th November 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the director of D&G Precision Engineering Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of D&G Precision Engineering Limited and state those matters that we have agreed to state to the director of D&G Precision Engineering Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that D&G Precision Engineering Limited 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 D&G Precision Engineering Limited. You consider that D&G Precision Engineering Limited 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 D&G Precision Engineering Limited. 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.

russell + russell

Chartered Certified Accountants

4 Royal Crescent

Glasgow

G3 7SL

9th June 2026

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

237,907

190,455

237,907

190,455

CURRENT ASSETS

Stocks

65,002

61,541

Debtors

6

289,406

277,235

Cash at bank and in hand

120,662

93,146

475,070

431,922

CREDITORS

Amounts falling due within one year

7

286,761

245,589

NET CURRENT ASSETS

188,309

186,333

TOTAL ASSETS LESS CURRENT
LIABILITIES

426,216

376,788

CREDITORS

Amounts falling due after more than one
year

8

(96,149

)

(76,979

)

PROVISIONS FOR LIABILITIES

(46,561

)

-

NET ASSETS

283,506

299,809

CAPITAL AND RESERVES

Called up share capital

11

60,099

Retained earnings

223,407

239,710

SHAREHOLDERS' FUNDS

283,506

299,809

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

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

The director acknowledges his 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 director and authorised for issue on 9th June 2026 and were signed by:

S Griffin - Director

1.	STATUTORY INFORMATION

D&G Precision Engineering Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The financial statements have been prepared on the going concern basis. The director believes that the company has adequate resources and support to continue to operate for the foreseeable future.

Turnover

The turnover shown in the profit and loss account represents the sales value of design, manufacture and assembly of mechanical engineering products during the year, exclusive of Value Added Tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of 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

-

25% on reducing balance

Fixtures and fittings

-

33% straight line

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% straight line

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Development

licences

costs

Totals

£

COST

At 1st December 2024

and 30th November 2025

2,000

36,555

38,555

AMORTISATION

At 1st December 2024

and 30th November 2025

2,000

36,555

38,555

NET BOOK VALUE

At 30th November 2025

-

At 30th November 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1st December 2024

520,009

1,086

128,842

47,157

697,094

Additions

83,256

2,850

29,303

2,662

118,071

At 30th November 2025

603,265

3,936

158,145

49,819

815,165

DEPRECIATION

At 1st December 2024

408,226

1,086

63,972

33,355

506,639

Charge for year

43,556

139

19,881

7,043

70,619

At 30th November 2025

451,782

1,225

83,853

40,398

577,258

NET BOOK VALUE

At 30th November 2025

151,483

2,711

74,292

9,421

237,907

At 30th November 2024

111,783

-

64,870

13,802

190,455

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 December 2024

118,660

69,535

188,195

Additions

65,506

29,303

94,809

At 30th November 2025

184,166

98,838

283,004

DEPRECIATION

At 1st December 2024

36,556

21,455

58,011

Charge for year

27,677

16,650

44,327

Reclassification/transfer

20,526

(3,867

)

16,659

At 30th November 2025

84,759

34,238

118,997

NET BOOK VALUE

At 30th November 2025

99,407

64,600

164,007

At 30th November 2024

82,104

48,080

130,184

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Trade debtors

246,931

274,091

Other debtors

42,475

3,144

289,406

277,235

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Bank loans and overdrafts (see note 9)

11,000

12,000

Hire purchase contracts

50,304

32,579

Trade creditors

56,425

35,388

Taxation and social security

136,859

103,603

Other creditors

32,173

62,019

286,761

245,589

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.11.25

30.11.24

£

Bank loans (see note 9)

-

11,000

Hire purchase contracts

96,149

65,979

96,149

76,979

9.

LOANS

An analysis of the maturity of loans is given below:

30.11.25

30.11.24

£

Amounts falling due within one year or on demand:

Bank loans

11,000

12,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

11,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

Hire purchase contracts

146,453

98,558

The hire purchase agreements are secured on the assets to which they relate.

There is a bond and floating charge over the assets of the company in favour of Bank of Scotland.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

60,099

Ordinary

£1.00

60,099

12.	OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £12,000 (2024 - £12,000).

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th November 2025 and 30th November 2024:

30.11.25

30.11.24

£

S Griffin

Balance outstanding at start of year

-

Amounts advanced

27,935

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

27,935

-

This amount bear no interest and has no fixed repayment terms.

14.	ULTIMATE CONTROLLING PARTY

The company was under the control of Mr S Griffin throughout the current and previous year.