ACCOUNTS - Final Accounts preparation

Company registration number: 04245091

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE PERIOD ENDED 31 MARCH 2026

	HIGHFIELD CNC ENGINEERING LIMITED


HIGHFIELD CNC ENGINEERING LIMITED

COMPANY INFORMATION

Directors	S P Barrett
	E F Barrett


Company secretary	E Barrett


Registered number	04245091


Registered office	Richmond House
	Walkern Road
	Stevenage
	Hertfordshire
	SG1 3QP


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	Hertfordshire
	SG1 3QP


HIGHFIELD CNC ENGINEERING LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 7


HIGHFIELD CNC ENGINEERING LIMITED REGISTERED NUMBER:04245091

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

		2026		2024
Note		£		£


Intangible assets	4		-		-
Tangible assets	5		-		-
			-		-
Current assets
Debtors: amounts falling due within one year	6	4,893		55,433
Cash at bank and in hand		98,069		105,591
		102,962		161,024
Creditors: amounts falling due within one year	7	(102,426)		(153,600)
Net current assets			536		7,424
Total assets less current liabilities			536		7,424

Net assets			536		7,424

Capital and reserves
Called up share capital	10	10
Profit and loss account	526	7,414
	536	7,424

Page 1


HIGHFIELD CNC ENGINEERING LIMITED REGISTERED NUMBER:04245091

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2026

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

S P Barrett

Director

Date: 16 July 2026

The notes on pages 3 to 7 form part of these financial statements.

Page 2


HIGHFIELD CNC ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2026

1.	General information

Highfield CNC 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The period covered by the financial statements is the 18 month period from 1 October 2024 to 31 March 2026. The extended period should be taken into account when reviewing the comparative information within the financial statements.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements are no longer being prepared on a going concern basis as the company has ceased to trade and the directors are in the process of winding up the business. The directors will apply to have the company struck off the register in due course.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 3


HIGHFIELD CNC ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery	-	20%
Motor vehicles	-	20%
Fixtures and fittings	-	20%
Improvements to property	-	20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4


HIGHFIELD CNC ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.7

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Employees

The average monthly number of employees, including directors, during the period was 2 (2025 - 2).

4.	Intangible assets

		Goodwill
		£

	At 1 April 2025	145,000
	Disposals	(145,000)
	At 31 March 2026	-

	At 1 April 2025	145,000
	On disposals	(145,000)
	At 31 March 2026	-
	Net book value
	At 31 March 2026	-
	At 31 March 2024	-

Page 5


HIGHFIELD CNC ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2026

5.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Fixtures and fittings	Improvement to property	Total
	£	£	£	£	£

At 1 April 2025	64,922	4,500	7,794	3,558	80,774
Disposals	(64,922)	(4,500)	(7,794)	(3,558)	(80,774)
At 31 March 2026	-	-	-	-	-

At 1 April 2025	64,922	4,500	7,794	3,558	80,774
Disposals	(64,922)	(4,500)	(7,794)	(3,558)	(80,774)
At 31 March 2026	-	-	-	-	-
Net book value
At 31 March 2026	-	-	-	-	-
At 31 March 2024	-	-	-	-	-

Debtors

					2026	2024
					£	£


Trade debtors	-	55,433
Prepayments and accrued income	4,893	-
	4,893	55,433

7.	Creditors: Amounts falling due within one year
		2026	2024
		£	£

Bank overdrafts	-	1,276
Trade creditors	125	5,023
Corporation tax	14,098	23,165
Other taxation and social security	5,613	20,360
Other creditors	69,701	102,026
Accruals and deferred income	12,889	1,750
	102,426	153,600

Page 6


HIGHFIELD CNC ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2026

8.	Related party transactions
	At the reporting date the company owed £69,251 (2024: £102,026) to the directors. The balance can be found within creditors due within one year and no interest is being charged on this.

Page 7