1 December 2024 v2026.29.1 limited_company_frs_102_section_1a_v1_1_3 companies_houseSoftwarefalsetruetruetrueNo description of principal activity0falsetruexbrli:purexbrli:sharesiso4217:GBP152761412024-12-012025-11-30152761412025-11-3015276141core:WithinOneYear2025-11-3015276141core:ShareCapital2025-11-3015276141core:RetainedEarningsAccumulatedLosses2025-11-3015276141bus:Director12024-12-012025-11-3015276141bus:RegisteredOffice2024-12-012025-11-301527614112024-12-012025-11-3015276141countries:EnglandWales2024-12-012025-11-3015276141bus:AuditExemptWithAccountantsReport2024-12-012025-11-3015276141bus:PrivateLimitedCompanyLtd2024-12-012025-11-3015276141bus:SmallEntities2024-12-012025-11-3015276141bus:FullAccounts2024-12-012025-11-30
Company registration number:
15276141
CNC GEARS LIMITED
Unaudited Filleted Financial Statements for the year ended
30 November 2025
CNC GEARS LIMITED
Report to the board of directors on the preparation of the unaudited statutory financial statements of CNC GEARS LIMITED
Year ended
30 November 2025
As described on the statement of financial position, the Board of Directors of
CNC GEARS LIMITED
are responsible for the preparation of the
financial statements
for the year ended
30 November 2025
, which comprise the income statement, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Mechalab
49 Station road
Polegate
East Sussex
BN26 6EA
United Kingdom
CNC GEARS LIMITED
Statement of Financial Position
30 November 2025
2025
Note£
Current assets  
Debtors 5
35,809
 
Cash at bank and in hand
10,740
 
46,549
 
Creditors: amounts falling due within one year 6
(47,714
 )
Net current liabilities
(1,165
 )
Total assets less current liabilities (1,165 )
Capital and reserves  
Called up share capital
1
 
Profit and loss account
(1,166
 )
Shareholders deficit
(1,165
 )
For the year ending
30 November 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These
financial statements
were approved by the board of directors and authorised for issue on
5 August 2026
, and are signed on behalf of the board by:
Mr OUMAR BKO DIOP
Director
Company registration number:
15276141
CNC GEARS LIMITED
Notes to the Financial Statements
Year ended
30 November 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
18 St. Cross Street
,
4th Floor
,
London
,
Waltham Forest
,
EC1N 8UN
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was nil.

5 Debtors

2025
£
Trade debtors
35,809
 

6 Creditors: amounts falling due within one year

2025
£
Trade creditors
5,874
 
Taxation and social security
41,660
 
Other creditors
180
 
47,714
 

7 For the year ended 30 November 2025Related Party Transactions During the financial year, the company engaged in material transactions with Mechalab Limited (Company Registration Number: 07616911), a private limited company registered in England and Wales. Mechalab Limited is a connected company by virtue of 100% common shareholding and directorship held by O Diop. The transactions processed during the reporting period and their respective year-end positions are outlined below: Intercompany Management Fee Expense: Mechalab Limited levied a consolidated executive management, infrastructure, and technical engineering support fee to the company totaling £207,332. This commercial overhead charge was calculated on a cost-apportionment baseline to reflect shared resource utilization across the group structure and was recorded as a management expense during the period. Trade Sales Income: The company provided standard precision engineering and machining services to Mechalab Limited during the financial year under normal commercial terms totaling £212,339 (exclusive of VAT). Closing Balance: As of 30 November 2025, the net amount outstanding and due to the company from Mechalab Limited was £35,809 (recorded within Trade Debtors). This outstanding balance is unsecured, interest-free, has no fixed repayment terms, and is intended to be settled via intercompany ledger offset clearances. No guarantees have been given or received relative to this balance, and no provisions for bad or doubtful debts have been recognized against related party balances during the period.

For the year ended 30 November 2025
Related Party Transactions
During the financial year, the company engaged in material transactions with Mechalab Limited (Company Registration Number: 07616911), a private limited company registered in England and Wales.
Mechalab Limited is a connected company by virtue of 100% common shareholding and directorship held by O Diop. The transactions processed during the reporting period and their respective year-end positions are outlined below:
Intercompany Management Fee Expense:
Mechalab Limited levied a consolidated executive management, infrastructure, and technical engineering support fee to the company totaling £207,332. This commercial overhead charge was calculated on a cost-apportionment baseline to reflect shared resource utilization across the group structure and was recorded as a management expense during the period.
Trade Sales Income: The company provided standard precision engineering and machining services to Mechalab Limited during the financial year under normal commercial terms totaling £212,339 (exclusive of VAT).Closing Balance: As of 30 November 2025, the net amount outstanding and due to the company from Mechalab Limited was £35,809 (recorded within Trade Debtors). This outstanding balance is unsecured, interest-free, has no fixed repayment terms, and is intended to be settled via intercompany ledger offset clearances.
No guarantees have been given or received relative to this balance, and no provisions for bad or doubtful debts have been recognized against related party balances during the period.