Registration number: 04328353

UK Precision Engineering Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

UK Precision Engineering Limited

(Registration number: 04328353)
Balance Sheet as at 29 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	68,758	90,561
Current assets
Stocks	5	22,960	27,540
Debtors	6	469,362	371,399
Cash at bank and in hand		373,023	705,910
		865,345	1,104,849
Creditors: Amounts falling due within one year	7	(235,073)	(359,855)
Net current assets		630,272	744,994
Total assets less current liabilities		699,030	835,555
Creditors: Amounts falling due after more than one year	7	-	(5,032)
Provisions for liabilities		(17,190)	(22,640)
Net assets		681,840	807,883
Capital and reserves
Called up share capital	8	100	100
Retained earnings		681,740	807,783
Shareholders' funds		681,840	807,883

UK Precision Engineering Limited

(Registration number: 04328353)
Balance Sheet as at 29 November 2025

For the financial year ending 29 November 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’. The profit and loss account and directors’ report have not been delivered in accordance with the special provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 1 July 2026 and signed on its behalf by:
 

......................................... Mr PN Whiteside Director

UK Precision Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 3 Meadow Court Whalley Ind Park
Clitheroe Road
Barrow
Whalley
BB7 9AH
England

These financial statements were authorised for issue by the Board on 1 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling, which is the functional currency of the company and are rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

UK Precision Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	15% on cost
Plant and machinery	15% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

UK Precision Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee Benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 12).

UK Precision Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2025

4	Tangible assets

	Office equipment £	Plant and machinery £	Total £
Cost or valuation
At 30 November 2024	25,494	674,651	700,145
Additions	8,547	-	8,547
Disposals	-	(43,250)	(43,250)
At 29 November 2025	34,041	631,401	665,442
Depreciation
At 30 November 2024	22,046	587,538	609,584
Charge for the year	2,050	28,299	30,349
Eliminated on disposal	-	(43,249)	(43,249)
At 29 November 2025	24,096	572,588	596,684
Carrying amount
At 29 November 2025	9,945	58,813	68,758
At 29 November 2024	3,448	87,113	90,561

5

Stocks

	2025 £	2024 £
Other inventories	22,960	27,540

6

Debtors

Current	2025 £	2024 £
Trade debtors	238,762	182,652
Prepayments	2,492	3,991
Other debtors	228,108	184,756
	469,362	371,399

UK Precision Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	5,000	10,000
Trade creditors		67,783	167,754
Taxation and social security		141,554	161,652
Accruals and deferred income		18,654	20,338
Other creditors		2,082	111
		235,073	359,855

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	-	5,032

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

UK Precision Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	5,032

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,000	10,000

10	Related party transactions

Loans to related parties

2025	Key management £	Total £
At start of period	184,756	184,756
Advanced	368,651	368,651
Repaid	(392,563)	(392,563)
Interest transactions	4,910	4,910
At end of period	165,754	165,754

2024	Key management £	Total £
At start of period	86,136	86,136
Advanced	396,717	396,717
Repaid	(300,769)	(300,769)
Interest transactions	2,672	2,672
At end of period	184,756	184,756

Terms of loans to related parties

The loan is repayable on demand with interest paid of 2.25% pa up to 5th April 2025 and 3.75% from 6th April 2025.