Smart Precision Engineering Ltd

Registered Number: 14254956 Smart Precision Engineering Ltd
Statement of Financial Position
As at 31 October 2025

	Notes	2025 £	2024 £
Current assets
Stocks		2,927	4,003
Debtors		28,140	60,237
Cash at bank and in hand		165,531	102,435
		196,598	166,675
Creditors: amount falling due within one year		(50,417)	(70,137)
Net current assets		146,181	96,538

Total assets less current liabilities		146,181	96,538
Net assets		146,181	96,538

Capital and reserves
Called up share capital	5	100	100
Profit and loss account		146,081	96,438
Shareholders' funds		146,181	96,538

For the year ended 31 October 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 21 July 2026 and were signed on its behalf by:

-------------------------------
Martin Ward
Director

-------------------------------
Timothy Biddle
Director

Smart Precision Engineering Ltd
Notes to the Abridged Financial Statements
For the year ended 31 October 2025

General Information

Smart Precision Engineering Ltd is a private company, limited by shares, registered in England and Wales, registration number 14254956, registration address Pi House, 40a London Road, Gloucester, Gloucestershire, GL1 3NU.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Website cost

Planning and operating costs for the company's website are charged to the income statement as incurred.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Directors' Emoluments

	2025 £	2024 £
Administrative Expenses
Directors Salaries	12,570	12,570
	12,570	12,570

Staff Costs

	2025 £	2024 £
Wages and salaries	34,558	32,332
Social security costs	2,758	1,799
Pension costs, defined contribution plan	788	750
	38,104	34,881

4.	Average number of employees Average number of employees during the year was 3 (2024 : 3).

Share Capital

Allotted, called up and fully paid	2025 £	2024 £
75 Class A shares of £1.00 each	75	75
25 Class B shares of £1.00 each	25	25
	100	100

Registered Number: 14254956
England and Wales
Abridged Accounts

for the year ended 31 October 2025
for
SMART PRECISION ENGINEERING LTD