REGISTERED NUMBER: 07542540 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

HIGH PRECISION (CAMBRIDGE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P J Papworth

REGISTERED OFFICE:

115c Milton Road

Cambridge

CB4 1XE

REGISTERED NUMBER:

07542540 (England and Wales)

ACCOUNTANTS:

Prentis & Co LLP

Accountants and Business Advisers

115c Milton Road

Cambridge

CB4 1XE

FIXED ASSETS

Intangible assets

4

26,000

35,500

Tangible assets

5

378,635

225,735

404,635

261,235

CURRENT ASSETS

Debtors

6

228,054

156,307

Cash at bank

135,663

182,170

363,717

338,477

CREDITORS

Amounts falling due within one year

7

220,877

219,797

NET CURRENT ASSETS

142,840

118,680

TOTAL ASSETS LESS CURRENT LIABILITIES

547,475

379,915

PROVISIONS FOR LIABILITIES

94,658

56,433

NET ASSETS

452,817

323,482

CAPITAL AND RESERVES

Called up share capital

50

50

Capital redemption reserve

50

50

Retained earnings

452,717

323,382

SHAREHOLDERS' FUNDS

452,817

323,482

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 director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2026 and were signed by:

P J Papworth - Director

1.	STATUTORY INFORMATION

High Precision (Cambridge) 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 (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to leasehold property

-

10% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2025 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

190,000

AMORTISATION

At 1 April 2025

154,500

Amortisation for year

9,500

At 31 March 2026

164,000

NET BOOK VALUE

At 31 March 2026

26,000

At 31 March 2025

35,500

5.	TANGIBLE FIXED ASSETS

Improvements

to

Fixtures

leasehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2025

203,788

680,669

26,277

27,718

938,452

Additions

-

222,147

-

10,000

232,147

Disposals

-

(18,000

)

-

(10,000

)

(28,000

)

At 31 March 2026

203,788

884,816

26,277

27,718

1,142,599

DEPRECIATION

At 1 April 2025

146,676

515,498

22,825

27,718

712,717

Charge for year

16,812

51,571

864

-

69,247

Eliminated on disposal

-

(18,000

)

-

-

(18,000

)

At 31 March 2026

163,488

549,069

23,689

27,718

763,964

NET BOOK VALUE

At 31 March 2026

40,300

335,747

2,588

-

378,635

At 31 March 2025

57,112

165,171

3,452

-

225,735

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

224,591

152,897

Prepayments

3,463

3,410

228,054

156,307

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

6,873

18,545

Tax

35,475

42,777

Social security and other taxes

9,670

7,295

VAT

32,068

16,346

Other creditors

1,195

710

Director's current account

129,920

128,540

Accruals and deferred income

5,676

5,584

220,877

219,797

8.	ULTIMATE CONTROLLING PARTY