REGISTERED NUMBER: 16230009 (England and Wales)

Unaudited Financial Statements

for the Period 5 February 2025 to 31 March 2026

for

DUGARD CNC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E C Dugard

C Thomson

J C Young

REGISTERED OFFICE:

75 Old Shoreham Road

Hove

BN3 7BX

REGISTERED NUMBER:

16230009 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Intangible assets

4

8,500

Tangible assets

5

216,681

225,181

CURRENT ASSETS

Stocks

77,365

Debtors

6

777,911

Cash at bank and in hand

412,184

1,267,460

CREDITORS

Amounts falling due within one year

7

(1,137,341

)

NET CURRENT ASSETS

130,119

TOTAL ASSETS LESS CURRENT LIABILITIES

355,300

CREDITORS

Amounts falling due after more than one year

8

(312,159

)

NET ASSETS

43,141

CAPITAL AND RESERVES

Called up share capital

10

20

Retained earnings

43,121

SHAREHOLDERS' FUNDS

43,141

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 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 8 September 2026 and were signed on its behalf by:

J C Young - Director

1.	STATUTORY INFORMATION

Dugard Cnc 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Where machines have been sold but not delivered, the income is deferred and will be recognised upon delivery of the machines.

Goodwill

Goodwill is being amortised evenly over its estimated useful life of 5 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licenses are being amortised evenly over their estimated useful life of 5 years.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Plant & machinery

- 20% on cost

Fixtures & fittings

- 10% on cost

Motor vehicles

- 25% on reducing value

Computer equipment

- 25% on cost

Improvement of property

- 20% on cost

Stocks

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

Stock of machines are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period 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 period 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has not further payment obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability on the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 19 .

4.	INTANGIBLE FIXED ASSETS

Patents and

Goodwill

licences

Totals

£

£

£

COST

Additions

7,500

2,500

10,000

At 31 March 2026

7,500

2,500

10,000

AMORTISATION

Amortisation for period

1,125

375

1,500

At 31 March 2026

1,125

375

1,500

NET BOOK VALUE

At 31 March 2026

6,375

2,125

8,500

5.	TANGIBLE FIXED ASSETS

Fixtures

Improvements

Plant and

and

to property

machinery

fittings

£

£

£

COST

Additions

6,186

37,000

2,798

At 31 March 2026

6,186

37,000

2,798

DEPRECIATION

Charge for period

928

5,555

180

At 31 March 2026

928

5,555

180

NET BOOK VALUE

At 31 March 2026

5,258

31,445

2,618

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

Additions

199,359

4,642

249,985

At 31 March 2026

199,359

4,642

249,985

DEPRECIATION

Charge for period

26,310

331

33,304

At 31 March 2026

26,310

331

33,304

NET BOOK VALUE

At 31 March 2026

173,049

4,311

216,681

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

457,597

Amounts owed by group undertakings

15,000

Other debtors

305,314

777,911

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Hire purchase contracts (see note 9)

37,599

Trade creditors

322,330

Amounts owed to group undertakings

80

Taxation and social security

288,779

Other creditors

488,553

1,137,341

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Hire purchase contracts (see note 9)

66,947

Other creditors

245,212

312,159

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire

purchase

contracts

£

Net obligations repayable:

Within one year

37,599

Between one and five years

66,947

104,546

Non-cancellable

operating leases

£

Within one year

151,352

Between one and five years

189,452

340,804

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number

Class

Nominal

Value

£

5

Ordinary A

£1

5

5

Ordinary B

£1

5

5

Ordinary C

£1

5

5

Ordinary D

£1

5

20

11.	ULTIMATE CONTROLLING PARTY

The controlling party is E C Dugard.