Mechlam Precision Tooling Limited
Unaudited Financial Statements
For the year ended 30 November 2025
Pages for Filing with Registrar
Company Registration No. 04107061 (England and Wales)
Mechlam Precision Tooling Limited
Company Information
Directors
Mr M Atherton
Mrs L Atherton
Secretary
Mr M Atherton
Company number
04107061
Registered office
Unit 3, Cross 580 Industrial Estate
Kilbuck Lane
Haydock
United Kingdom
WA11 9WG
Accountants
Moore Kingston Smith LLP
6th Floor
9 Appold Street
London
EC2A 2AP
Mechlam Precision Tooling Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
Mechlam Precision Tooling Limited
Balance Sheet
As at 30 November 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
930,460
1,092,761
Current assets
Stock
191,434
75,450
Debtors
4
391,667
457,217
Cash at bank and in hand
645,375
387,663
1,228,476
920,330
Creditors: amounts falling due within one year
5
(706,829)
(627,676)
Net current assets
521,647
292,654
Total assets less current liabilities
1,452,107
1,385,415
Creditors: amounts falling due after more than one year
6
(134,274)
(268,911)
Provisions for liabilities
(228,429)
(272,312)
Net assets
1,089,404
844,192
Capital and reserves
Called up share capital
4
4
Profit and loss reserves
1,089,400
844,188
Total equity
1,089,404
844,192
Mechlam Precision Tooling Limited
Balance Sheet (Continued)
As at 30 November 2025
Page 2

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements 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 financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 25 August 2026 and are signed on its behalf by:
Mr M Atherton
Director
Company Registration No. 04107061
Mechlam Precision Tooling Limited
Notes to the Financial Statements
For the year ended 30 November 2025
Page 3
1
Accounting policies
Company information

Mechlam Precision Tooling Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 3, Cross 580 Industrial Estate, Kilbuck Lane, Haydock, United Kingdom, WA11 9WG.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
5-10 years straight line method
Fixtures and fittings
3 years straight line method
Computers
33% reducing balance method
Motor vehicles
33% reducing balance method

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Stock

Stock are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.

Mechlam Precision Tooling Limited
Notes to the Financial Statements (Continued)
For the year ended 30 November 2025
1
Accounting policies
(Continued)
Page 4
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

Basic financial instruments are measured at amortised cost. The company has no other financial instruments or basic financial instruments measured at fair value..

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Mechlam Precision Tooling Limited
Notes to the Financial Statements (Continued)
For the year ended 30 November 2025
1
Accounting policies
(Continued)
Page 5
1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases
As lessee

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

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.13
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
19
20
Mechlam Precision Tooling Limited
Notes to the Financial Statements (Continued)
For the year ended 30 November 2025
Page 6
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2024
2,155,113
Additions
41,979
At 30 November 2025
2,197,092
Depreciation and impairment
At 1 December 2024
1,062,352
Depreciation charged in the year
204,280
At 30 November 2025
1,266,632
Carrying amount
At 30 November 2025
930,460
At 30 November 2024
1,092,761
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
347,764
457,217
Corporation tax recoverable
34,949
-
0
Prepayments and accrued income
8,954
-
0
391,667
457,217
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
3,646
47,396
Trade creditors
167,354
105,874
Amounts owed to group undertakings
39,968
85,854
Corporation tax
163,397
35,196
Other taxation and social security
87,372
86,673
Other creditors
245,092
266,683
706,829
627,676
Mechlam Precision Tooling Limited
Notes to the Financial Statements (Continued)
For the year ended 30 November 2025
Page 7
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
134,274
268,911
7
Related party transactions

The company has taken advantage of the exemption available in FRS 102 Section 33.1A not to disclose transactions with other group companies where 100% of the voting rights are controlled within the group.

8
Parent company

The company's immediate parent is Mechlam Holdings Ltd, registered at Unit 3 Cross 580, Haydock Cross Industrial Estate, Kilbuck Lane, Haydock, United Kingdom, WA11 9WG by virtue of its 100% shareholding of the company.

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