Cobra Precision Engineering Limited

Registered number

02443466

Report and Accounts

For the year ended 30 November 2025

Cobra Precision Engineering Limited
Registered number:		02443466
Balance Sheet
as at 30 November 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		443,477			490,109

Current assets
Stocks		50,000			50,000
Debtors	4	200,969			231,928
Cash at bank and in hand		49,323			23,184
		300,292			305,112

Creditors: amounts falling due within one year	5	(281,571)			(327,156)

Net current assets/(liabilities)			18,721			(22,044)

Total assets less current liabilities			462,198			468,065

Creditors: amounts falling due after more than one year	6		(92,400)			(158,753)

Provisions for liabilities			(23,880)			(23,880)


Net assets			345,918			285,432

Capital and reserves
Called up share capital			100			100
Profit and loss account			345,818			285,332

Shareholders' funds			345,918			285,432

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S Stevens
Director
Approved by the board on 20 August 2026

Cobra Precision Engineering Limited
Notes to the Accounts
for the year ended 30 November 2025


1	Accounting policies

	Basis of preparation
	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.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	10% reducing balance
	Fixtures and fittings	15% reducing balance
	IT equipment	over 3 years
	Motor vehicles	25% reducing balance

	Investments
	Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					13		13


3	Tangible fixed assets
		Office equipment		Fixtures and fittings	IT equipment	Motor vehicles		Total
£			£				£
	Cost
	At 1 December 2024	604,586		71,914	19,248	178,280		874,028
	Additions	13,500		-	-	-		13,500
	At 30 November 2025	618,086		71,914	19,248	178,280		887,528

	Depreciation
	At 1 December 2024	182,165		58,455	17,734	125,565		383,919
	Charge for the year	43,592		2,019	1,342	13,179		60,132
	At 30 November 2025	225,757		60,474	19,076	138,744		444,051

	Net book value
	At 30 November 2025	392,329		11,440	172	39,536		443,477
	At 30 November 2024	422,421		13,459	1,514	52,715		490,109


4	Debtors					2025		2024
£							£

	Trade debtors					181,196		216,650
	Prepayment					4,593		6,648
	Other debtors					1,100		1,100
	Due from group undertakings					14,080		7,530
						200,969		231,928


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Directors loan account					1,346		367
	Bank loans and overdrafts					24,000		24,000
	Obligations under finance lease and hire purchase contracts					42,353		55,832
	Trade creditors					25,663		20,267
	Net wages					16,890		19,860
	Other taxes and social security costs					103,273		99,406
	Other creditors					68,046		107,424
						281,571		327,156


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					4,000		28,000
	Obligations under finance lease and hire purchase contracts					88,400		130,753
						92,400		158,753


7	Pension schemes

	The company operates a defined contribution pension scheme. The pension cost charge represents contributions paid by the company and amounted to £15,356 (2024- £13,382).



8	Controlling party

	The company is controlled by Cobra Precision Engineering Holdings Limited who own 100% of the called up share capital.


	Unit 26
	Aston Road
	Waterlooville
	Hampshire
	PO7 7XJ