Segment Engineering Limited - Filleted accounts

Registered number

01188375

Segment Engineering Limited

Unaudited Filleted Accounts

31 March 2026

Segment Engineering Limited
Registered number:		01188375
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		2,857,496			2,601,807
Investments	4		495			495
			2,857,991			2,602,302

Current assets
Stocks		5,000			5,000
Debtors	5	37,377			33,201
Cash at bank and in hand		692,517			951,725
		734,894			989,926

Creditors: amounts falling due within one year	6	(33,030)			(31,454)

Net current assets			701,864			958,472

Total assets less current liabilities			3,559,855			3,560,774


Provisions for liabilities			(340,789)			(340,789)


Net assets			3,219,066			3,219,985

Capital and reserves
Called up share capital			100			100
Revaluation reserve	7		1,645,695			1,645,695
Profit and loss account			1,573,271			1,574,190

Shareholders' funds			3,219,066			3,219,985

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.



J. A Gardner
Director
Approved by the board on 31 July 2026

Segment Engineering Limited
Notes to the Accounts
for the year ended 31 March 2026


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 (as applied to small entities by section 1A of the standard).

	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.

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

	Motor vehicles			25% reducing balance
	Plant and machinery			25% reducing balance
	Fixtures, fittings, tools and equipment			25% reducing balance

	Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increases accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect oof that asset, the excess shall be recognised in profit and loss.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	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.

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


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					4		4


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2025	2,506,218		313,249		55,892		2,875,359
	Additions	220,000		22,945		38,766		281,711
	At 31 March 2026	2,726,218		336,194		94,658		3,157,070

	Depreciation
	At 1 April 2025	-		230,369		43,183		273,552
	Charge for the year	-		26,456		21,598		48,054
	On disposals	-		-		(22,032)		(22,032)
	At 31 March 2026	-		256,825		42,749		299,574

	Net book value
	At 31 March 2026	2,726,218		79,369		51,909		2,857,496
	At 31 March 2025	2,506,218		82,880		12,709		2,601,807


4	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 April 2025							495

	At 31 March 2026							495


5	Debtors					2026		2025
£							£

	Trade debtors					13,187		25,778
	Prepayments					14,761		7,321
	Other debtors					9,429		102
						37,377		33,201


6	Creditors: amounts falling due within one year					2026		2025
£							£

	Trade creditors					4,584		10,365
	Taxation and social security costs					24,868		10,420
	Other creditors					3,578		10,669
						33,030		31,454


7	Revaluation reserve					2026		2025
£							£

	At 1 April 2025					1,645,695		1,645,695

	At 31 March 2026					1,645,695		1,645,695


8	Controlling party

	The ultimate controlling party is Mr James Gardner, the director.


9	Other information

	Segment Engineering Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Galyers Yard
	Needles Bank
	Godstone
	Surrey
	RH9 8LN