REGISTERED NUMBER: 02407627 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

FOR

T & C PRECISION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

T Lee

M T Lee

REGISTERED OFFICE:

Unit 2 Chartwell Building

Manor Road

Emsworth

Hampshire

PO10 8NX

REGISTERED NUMBER:

02407627 (England and Wales)

ACCOUNTANTS:

Goff and Company Chartered Accountants

89 Havant Road

Emsworth

Hampshire

PO10 7LF

FIXED ASSETS

Tangible assets

4

634,916

499,536

CURRENT ASSETS

Stocks

75,000

30,000

Debtors

5

87,215

163,762

Cash at bank

289,132

134,937

451,347

328,699

CREDITORS

Amounts falling due within one year

6

231,899

184,960

NET CURRENT ASSETS

219,448

143,739

TOTAL ASSETS LESS CURRENT LIABILITIES

854,364

643,275

CREDITORS

Amounts falling due after more than one year

7

(189,483

)

(245,505

)

PROVISIONS FOR LIABILITIES

(113,621

)

(113,789

)

NET ASSETS

551,260

283,981

CAPITAL AND RESERVES

Called up share capital

50

50

Capital redemption reserve

50

50

Retained earnings

551,160

283,881

551,260

283,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th August 2026 and were signed on its behalf by:

T Lee - Director

1.	STATUTORY INFORMATION

T & C Precision 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on cost

Office equipment

-

20% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st April 2025

40,733

867,739

42,810

Additions

-

254,918

21,890

Disposals

-

(67,880

)

-

At 31st March 2026

40,733

1,054,777

64,700

DEPRECIATION

At 1st April 2025

3,010

441,824

27,550

Charge for year

815

133,870

7,388

Eliminated on disposal

-

(55,829

)

-

At 31st March 2026

3,825

519,865

34,938

NET BOOK VALUE

At 31st March 2026

36,908

534,912

29,762

At 31st March 2025

37,723

425,915

15,260

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1st April 2025

23,500

28,875

1,003,657

Additions

-

29,259

306,067

Disposals

-

(3,996

)

(71,876

)

At 31st March 2026

23,500

54,138

1,237,848

DEPRECIATION

At 1st April 2025

16,842

14,895

504,121

Charge for year

4,700

8,826

155,599

Eliminated on disposal

-

(959

)

(56,788

)

At 31st March 2026

21,542

22,762

602,932

NET BOOK VALUE

At 31st March 2026

1,958

31,376

634,916

At 31st March 2025

6,658

13,980

499,536

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st April 2025

275,500

23,500

299,000

Additions

88,309

-

88,309

At 31st March 2026

363,809

23,500

387,309

DEPRECIATION

At 1st April 2025

55,100

16,842

71,942

Charge for year

61,742

4,700

66,442

At 31st March 2026

116,842

21,542

138,384

NET BOOK VALUE

At 31st March 2026

246,967

1,958

248,925

At 31st March 2025

220,400

6,658

227,058

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

82,271

98,626

Other debtors

4,944

65,136

87,215

163,762

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts and finance leases

94,363

94,254

Trade creditors

60,828

25,526

Taxation and social security

43,963

3,192

Other creditors

32,745

61,988

231,899

184,960

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts and finance leases

189,483

245,505

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

38,045

39,240

8.	ULTIMATE CONTROLLING PARTY

The company is under the joint control of the directors T Lee and M Lee.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2026 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Goff and Company Chartered Accountants

89 Havant Road

Emsworth

Hampshire

PO10 7LF

11th August 2026