Registration number: 01204208

Monad Precision Engineering Limited

(Registration number: 01204208)
Statement of Financial Position as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	699,397	610,743
Current assets
Stocks	5	474,888	321,050
Debtors	6	1,266,921	719,493
Cash at bank and in hand		1,446,400	2,918,905
		3,188,209	3,959,448
Creditors: Amounts falling due within one year	7	(1,007,057)	(548,450)
Net current assets		2,181,152	3,410,998
Total assets less current liabilities		2,880,549	4,021,741
Creditors: Amounts falling due after more than one year	7	(170,552)	(132,779)
Provisions for liabilities		(210,168)	(187,686)
Net assets		2,499,829	3,701,276
Capital and reserves
Called up share capital		1,200	2,000
Capital redemption reserve		98,800	98,000
Profit and loss account		2,399,829	3,601,276
Shareholders' funds		2,499,829	3,701,276

For the financial year ending 31 March 2026 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 17 August 2026 and signed on its behalf by:
 

......................................... C S Reeder Director

......................................... H G Reeder Director

......................................... B L Reeder Director

Monad Precision Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY, United Kingdom.

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 prepared in sterling, which is the functional currency of the entity.

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 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.

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.

Monad Precision Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Tangible assets

Tangible assets are stated in the statement of financial position 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
Short leasehold land and buildings	10 years straight line
Fixtures and fittings	20% reducing balance
Plant and machinery	20% reducing balance
Computer equipment	4 years straight line
Motor vehicles	25% reducing balance

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.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Monad Precision Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 20 (2025 - 23).

Monad Precision Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Tangible assets

	Short leasehold land and buildings £	Fixtures and fittings £	Plant and machinery £	Computer equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	77,271	33,907	1,223,031	-	32,815	1,367,024
Additions	79,512	684	169,740	12,904	102,022	364,862
Disposals	-	(24,369)	(482,785)	-	(15,385)	(522,539)
At 31 March 2026	156,783	10,222	909,986	12,904	119,452	1,209,347
Depreciation
At 1 April 2025	7,727	28,122	703,426	-	17,006	756,281
Charge for the year	15,682	767	66,096	3,225	28,774	114,544
Eliminated on disposal	-	(22,735)	(325,492)	-	(12,648)	(360,875)
At 31 March 2026	23,409	6,154	444,030	3,225	33,132	509,950
Carrying amount
At 31 March 2026	133,374	4,068	465,956	9,679	86,320	699,397
At 31 March 2025	69,544	5,785	519,605	-	15,809	610,743

5

Stocks

	2026 £	2025 £
Work in progress	474,888	321,050

6

Debtors

	2026 £	2025 £
Trade debtors	1,172,705	673,792
Other debtors	36,250	26,250
Prepayments	57,966	19,451
	1,266,921	719,493

Monad Precision Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Bank loans and overdrafts	8	113,938	56,340
Trade creditors		246,401	200,892
Taxation and social security		581,951	259,737
Accruals and deferred income		25,654	27,821
Other creditors		39,113	3,660
		1,007,057	548,450

Creditors include net obligations under hire purchase contracts which are secured of £113,938 (2025 - £56,340).

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Loans and borrowings	8	170,552	132,779

Creditors include net obligations under hire purchase contracts which are secured of £170,552 (2025 - £132,779).

8	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Hire purchase contracts	170,552	132,779

Current loans and borrowings

	2026 £	2025 £
Hire purchase contracts	113,938	56,340

Monad Precision Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

9	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2026 £	2025 £
Later than one year and not later than five years	306,250	393,750

The amount of non-cancellable operating lease payments recognised as an expense during the year was £85,313 (2025 - £21,328).