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Registered number: 4815509
AC Precision Engineering Ltd
ACCOUNTS
FOR THE YEAR ENDED 30/06/2025
Prepared By:
AC Precision Engineering Ltd
ACCOUNTS
FOR THE YEAR ENDED 30/06/2025
DIRECTORS
Mr A Cunnington
REGISTERED OFFICE
9 Regal Way
Faringdon
Oxfordshire
SN7 7BX
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 4815509
ACCOUNTANTS
AC Precision Engineering Ltd
ACCOUNTS
FOR THEYEARENDED30/06/2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
AC Precision Engineering Ltd
BALANCE SHEET AT 30/06/2025
20252024
Notes££
FIXED ASSETS
Tangible assets31,666,1991,438,485
CURRENT ASSETS
Stock32,00037,469
Debtors5118,874140,657
Cash at bank and in hand304,33994,980
455,213273,106
CREDITORS: Amounts falling due within one year6347,752331,987
NET CURRENT ASSETS / (LIABILITIES)107,461(58,881)
TOTAL ASSETS LESS CURRENT LIABILITIES1,773,6601,379,604
CREDITORS: Amounts falling due after more than one year7700,517512,191
PROVISIONS FOR LIABILITIES AND CHARGES8319,096253,534
NET ASSETS754,047613,879
CAPITAL AND RESERVES
Called up share capital911
Revaluation reserve1e,10133,077133,077
Profit and loss account620,969480,801
SHAREHOLDERS' FUNDS754,047613,879
For the year ending 30/06/2025 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 26/06/2026 and signed on their behalf by
.............................
Mr A Cunnington
Director
AC Precision Engineering Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 5%
Plant and Machineryreducing balance 25 or 12%
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 10).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
AC Precision Engineering Ltd
2. EMPLOYEES
20252024
No.No.
Average number of employees1414
3. TANGIBLE FIXED ASSETS
Land AndPlant andCommercial
BuildingsMachineryVehiclesEquipmentMotor CarsTotal
££££££
Cost
At 01/07/2024553,0002,536,45120,77222,2597,9003,140,382
Additions-433,892---433,892
At 30/06/2025553,0002,970,34320,77222,2597,9003,574,274
Depreciation
At 01/07/2024140,0001,532,87512,00815,5331,4811,701,897
For the year28,000172,7002,1911,6821,605206,178
At 30/06/2025168,0001,705,57514,19917,2153,0861,908,075
Net Book Amounts
At 30/06/2025385,0001,264,7686,5735,0444,8141,666,199
At 30/06/2024413,0001,003,5768,7646,7266,4191,438,485
4. STOCK 20252024
££
Stock comprises:
Work in progress32,00037,469
32,00037,469
5. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors110,381128,349
Prepayments8,49312,308
118,874140,657
AC Precision Engineering Ltd
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
Other tax15,99216,819
VAT20,96647,734
PAYE control15,13514,978
Directors current account97732
Bank Loan10,00010,000
Mortgage17,40015,563
Hire purchase180,819124,203
Trade creditors74,06570,352
Pension schemes1,9981,959
Accruals10,40030,347
347,752331,987
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
Mortgage >1yr251,171290,775
Hire purchase >1yr449,346221,416
700,517512,191
8. PROVISIONS FOR LIABILITIES 20252024
££
Deferred taxation319,096253,534
319,096253,534
9. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
AC Precision Engineering Ltd
10. REVALUATION RESERVE 20252024
££
Revaluation reserve133,077133,077
133,077133,077
11. CONTROLLING PARTY
The company was controlled throughout this and the prior year by the director, Mr A Cunnington, as a result of his holding of 100% of the issued share capital.