Concept Engineering Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00859061 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

CONCEPT ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T A Dunnington

A M Dunnington

Mrs M G Hope

I C Matthews

SECRETARY:

I C Matthews

REGISTERED OFFICE:

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

REGISTERED NUMBER:

00859061 (England and Wales)

ACCOUNTANTS:

GBJ Financial Limited

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

FIXED ASSETS

Tangible assets

4

994,540

955,389

Investments

5

208,206

209,176

1,202,746

1,164,565

CURRENT ASSETS

Stocks

10,648

7,714

Debtors

6

228,168

181,379

Cash at bank and in hand

5,786,987

5,895,858

6,025,803

6,084,951

CREDITORS

Amounts falling due within one year

7

964,475

1,194,391

NET CURRENT ASSETS

5,061,328

4,890,560

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,264,074

6,055,125

PROVISIONS FOR LIABILITIES

97,208

78,458

NET ASSETS

6,166,866

5,976,667

CAPITAL AND RESERVES

Called up share capital

500

Revaluation reserve

8

476,555

420,305

Fair value reserve

8

47,008

47,978

Retained earnings

8

5,642,803

5,507,884

SHAREHOLDERS' FUNDS

6,166,866

5,976,667

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 6 July 2026 and were signed on its behalf by:

T A Dunnington - Director

1.	STATUTORY INFORMATION

Concept Engineering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts receivable for the manufacture and sale of special props and smoke machines net of VAT and trade discounts.

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.

Land and buildings Freehold Freehold land and buildings are included in the balance sheet at their fair value. No depreciation is charged as it is the company's policy to maintain these to extend their useful lives.

Plant and machinery 15% straight line

Fixtures, fittings & equipment 20% - 33.33% straight line, depending on asset

Motor vehicles 25% - 30% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction.All differences are taken to profit and loss account.

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.

Investments

Fixed asset investments are measured at fair value. Changes in fair value are recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2025 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

Freehold

Plant and

and

Motor

property

machinery

furniture

vehicles

Totals

£

COST OR VALUATION

At 1 April 2025

850,000

26,436

7,823

166,659

1,050,918

Revaluations

75,000

-

75,000

At 31 March 2026

925,000

26,436

7,823

166,659

1,125,918

DEPRECIATION

At 1 April 2025

-

26,424

7,810

61,295

95,529

Charge for year

-

35,849

At 31 March 2026

-

26,424

7,810

97,144

131,378

NET BOOK VALUE

At 31 March 2026

925,000

12

13

69,515

994,540

At 31 March 2025

850,000

12

13

105,364

955,389

Cost or valuation at 31 March 2026 is represented by:

Office

equipment

Freehold

Plant and

and

Motor

property

machinery

furniture

vehicles

Totals

£

Valuation in 2020

498,762

-

498,762

Valuation in 2026

75,000

-

75,000

Cost

351,238

26,436

7,823

166,659

552,156

925,000

26,436

7,823

166,659

1,125,918

If freehold property had not been revalued it would have been included at the following historical cost:

2026

2025

£

Cost

351,238

Freehold property was valued on an open market basis on 5 March 2026 by independent property consultants .

In the opinion of the directors this represents the market value of the freehold property at the year end.

A provision has been made for deferred tax on gains on revaluing the property to its fair value. The total amount provided is £97,208.

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2025

209,176

Revaluations

(970

)

At 31 March 2026

208,206

NET BOOK VALUE

At 31 March 2026

208,206

At 31 March 2025

209,176

Cost or valuation at 31 March 2026 is represented by:

Other

investments

£

Valuation in 2022

15,412

Valuation in 2024

32,564

Valuation in 2026

(970

)

Cost

161,200

208,206

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

228,168

181,379

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

289,860

384,876

Taxation and social security

308,599

298,882

Other creditors

366,016

510,633

964,475

1,194,391

8.

RESERVES

Retained

Revaluation

Fair value

earnings

reserve

Totals

£

At 1 April 2025

5,507,884

420,305

47,978

5,976,167

Profit for the year

715,199

-

715,199

Dividends

(600,000

)

-

(600,000

)

Transfer revaluation in year

970

-

(970

)

-

Deferred tax on revaluation

18,750

(18,750

)

-

Freehold property revaluation

-

75,000

-

75,000

At 31 March 2026

5,642,803

476,555

47,008

6,166,366

9.	CONTINGENT LIABILITIES

The directors have been made aware that there is a contingent liability of up to £946,000, relating to bonus payments not taken, over a number of years.