Ashby Precision Engineering Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01319597

Ashby Precision Engineering Limited

Filleted Unaudited Financial Statements

30 September 2025

Ashby Precision Engineering Limited

Statement of Financial Position

30 September 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		1,540,344	1,901,574

Current assets

Stocks		522,016	614,788
Debtors	7	658,487	1,563,522
Cash at bank and in hand		150,057	28,493
		------------	------------
		1,330,560	2,206,803

Creditors: amounts falling due within one year	8	748,076		1,532,038
		------------		------------
Net current assets			582,484	674,765
			------------	------------
Total assets less current liabilities			2,122,828	2,576,339

Creditors: amounts falling due after more than one year	9		406,093	700,122

Provisions

Taxation including deferred tax	366,430	464,005
	------------	------------
Net assets	1,350,305	1,412,212
	------------	------------

Capital and reserves

Called up share capital	870	870
Profit and loss account	1,349,435	1,411,342
	------------	------------
Shareholders funds	1,350,305	1,412,212
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30th September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Ashby Precision Engineering Limited

Statement of Financial Position (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 19 May 2026 , and are signed on behalf of the board by:

Mr R J Ashby
Director

Company registration number: 01319597

Ashby Precision Engineering Limited

Notes to the Financial Statements

year ended 30th September 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 31, Nuffield Centrum, Abingdon, OX14 1RL, Oxon.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Full provision is made for deferred tax liabilities arising from timing differences between the recognition of income and expenditure in the accounts and their recognition for tax purposes. Such provision is made at the rates of tax expected to apply when the timing differences reverse.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Property	-	25% straight line
Plant & Machinery	-	10% reducing balance
Motor Vehicles	-	25% straight line
Equipment	-	10% and 33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 29 (2024: 40 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1st October 2024 and 30th September 2025	985,000
	---------
Amortisation
At 1st October 2024 and 30th September 2025	985,000
	---------
Carrying amount
At 30th September 2025	–
	---------
At 30th September 2024	–
	---------

6. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1st October 2024	73,642	3,665,117	39,751	228,350	4,006,860
Additions	–	–	39,099	1,332	40,431
Disposals	–	( 489,505)	( 14,900)	( 69,955)	( 574,360)
	--------	------------	--------	---------	------------
At 30th September 2025	73,642	3,175,612	63,950	159,727	3,472,931
	--------	------------	--------	---------	------------
Depreciation
At 1st October 2024	35,888	1,823,467	30,777	215,154	2,105,286
Charge for the year	7,522	173,467	4,909	5,257	191,155
Disposals	–	( 280,297)	( 13,595)	( 69,962)	( 363,854)
	--------	------------	--------	---------	------------
At 30th September 2025	43,410	1,716,637	22,091	150,449	1,932,587
	--------	------------	--------	---------	------------
Carrying amount
At 30th September 2025	30,232	1,458,975	41,859	9,278	1,540,344
	--------	------------	--------	---------	------------
At 30th September 2024	37,754	1,841,650	8,974	13,196	1,901,574
	--------	------------	--------	---------	------------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Plant and machinery
	£
At 30th September 2025	1,054,281
	------------
At 30th September 2024	1,302,805
	------------

7. Debtors

	2025	2024
	£	£
Trade debtors	544,147	1,427,266
Other debtors	114,340	136,256
	---------	------------
	658,487	1,563,522
	---------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	394,560
Trade creditors	386,417	657,133
Social security and other taxes	127,381	188,176
Other creditors	5,480	3,049
Other creditors	228,798	289,120
	---------	------------
	748,076	1,532,038
	---------	------------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	87,500	137,500
Other creditors	318,593	562,622
	---------	---------
	406,093	700,122
	---------	---------

10. Director's advances, credits and guarantees

At 30th September 2025 the directors loan account for Robin Ashby was £nil (2024 overdrawn by £7,406).