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Company registration number: 04241372
IN-SITU MACHINING SOLUTIONS (UK) LIMITED
Unaudited filleted financial statements
30 September 2025
IN-SITU MACHINING SOLUTIONS (UK) LIMITED
Contents
Statement of financial position
Notes to the financial statements
IN-SITU MACHINING SOLUTIONS (UK) LIMITED
Statement of financial position
30 September 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 425,973 191,153
_______ _______
425,973 191,153
Current assets
Debtors 6 412,515 164,446
Cash at bank and in hand 1,205,583 1,057,821
_______ _______
1,618,098 1,222,267
Creditors: amounts falling due
within one year 7 ( 297,082) ( 218,443)
_______ _______
Net current assets 1,321,016 1,003,824
_______ _______
Total assets less current liabilities 1,746,989 1,194,977
Provisions for liabilities ( 104,565) ( 45,422)
_______ _______
Net assets 1,642,424 1,149,555
_______ _______
Capital and reserves
Called up share capital 100 2
Profit and loss account 1,642,324 1,149,553
_______ _______
Shareholders funds 1,642,424 1,149,555
_______ _______
For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 16 June 2026 , and are signed on behalf of the board by:
Mr D Oldham
Director
Company registration number: 04241372
IN-SITU MACHINING SOLUTIONS (UK) LIMITED
Notes to the financial statements
Year ended 30 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 12 Prospect Park, Valley Drive, Rugby, CV21 1TF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
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.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
Short leasehold property - 5 % straight line
Plant and machinery - 15 % reducing balance
Fittings fixtures and equipment - 15 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
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.
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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2024: 5 ).
5. Tangible assets
Short leasehold property Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £ £
Cost
At 1 October 2024 61,100 331,401 31,940 101,467 525,908
Additions 3,480 250,000 - 25,250 278,730
Disposals - - - ( 21,613) ( 21,613)
_______ _______ _______ _______ _______
At 30 September 2025 64,580 581,401 31,940 105,104 783,025
_______ _______ _______ _______ _______
Depreciation
At 1 October 2024 46,198 236,883 24,696 26,977 334,754
Charge for the year 3,069 23,553 1,086 13,067 40,775
Disposals - - - ( 18,477) ( 18,477)
_______ _______ _______ _______ _______
At 30 September 2025 49,267 260,436 25,782 21,567 357,052
_______ _______ _______ _______ _______
Carrying amount
At 30 September 2025 15,313 320,965 6,158 83,537 425,973
_______ _______ _______ _______ _______
At 30 September 2024 14,902 94,518 7,244 74,490 191,154
_______ _______ _______ _______ _______
6. Debtors
2025 2024
£ £
Trade debtors 386,634 159,363
Other debtors 25,881 5,083
_______ _______
412,515 164,446
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 37,122 28,871
Corporation tax 107,893 43,657
Social security and other taxes - 1,036
Other creditors 152,067 144,879
_______ _______
297,082 218,443
_______ _______
8. Controlling party
The company is controlled by a director, Mr D Oldham , by virtue of his shareholding.