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Registered number: 01419069
P.T.G. Precision Engineers Limited
Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 01419069
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 298,272 204,413
298,272 204,413
CURRENT ASSETS
Stocks 5 187,095 139,517
Debtors 6 594,888 563,204
Cash at bank and in hand 354,772 317,977
1,136,755 1,020,698
Creditors: Amounts Falling Due Within One Year 7 (739,696 ) (756,704 )
NET CURRENT ASSETS (LIABILITIES) 397,059 263,994
TOTAL ASSETS LESS CURRENT LIABILITIES 695,331 468,407
Creditors: Amounts Falling Due After More Than One Year 8 (107,685 ) (71,044 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (73,870 ) (51,103 )
NET ASSETS 513,776 346,260
CAPITAL AND RESERVES
Called up share capital 11 100,000 100,000
Profit and Loss Account 413,776 246,260
SHAREHOLDERS' FUNDS 513,776 346,260
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These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D H Rowe
Director
25 August 2026
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
P.T.G. Precision Engineers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01419069 . The registered office is 6 Houndiscombe Road, Plymouth, Devon, PL4 6HH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 20% Straight Line
Plant & Machinery 10% Straight Line
Computer Equipment 33% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2025: 23)
25 23
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2025 33,009 593,491 10,498 636,998
Additions - 137,090 - 137,090
Disposals - (1,066 ) - (1,066 )
As at 31 March 2026 33,009 729,515 10,498 773,022
Depreciation
As at 1 April 2025 29,290 393,303 9,992 432,585
Provided during the period 930 41,218 249 42,397
Disposals - (232 ) - (232 )
As at 31 March 2026 30,220 434,289 10,241 474,750
...CONTINUED
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Net Book Value
As at 31 March 2026 2,789 295,226 257 298,272
As at 1 April 2025 3,719 200,188 506 204,413
5. Stocks
2026 2025
£ £
Stock 68,639 57,662
Work in progress 118,456 81,855
187,095 139,517
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 86,924 203,636
Amounts owed by group undertakings 275,258 253,184
Other debtors 232,706 106,384
594,888 563,204
Comparative figures
Certain comparative amounts have been reclassified to ensure consistency with the current year presentation. An amount of £253,184 previously included within trade debtors has been reclassified to amounts owed by group undertakings. This reclassification has no impact on total debtors, net assets or the reported profit for the comparative period.
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 48,777 28,523
Trade creditors 82,414 94,213
Amounts owed to group undertakings 20,085 19,477
Amounts owed to participating interests 436,712 441,212
Other creditors 61,705 91,583
Taxation and social security 90,003 81,696
739,696 756,704
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 107,685 71,044
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9. Secured Creditors
HSBC Invoice Finance has a floating charge on all property, fixtures and fittings and plant and machinery in the group of companies. The company may not take out any additional security against the charged assets, and the company may not dispose of any part of the fixed charged property.
Of the creditors the following amounts are secured against equpment owned by the company.
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 156,462 99,561
10. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 48,777 28,523
Later than one year and not later than five years 107,685 71,044
156,462 99,567
156,462 99,567
11. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100,000 100,000
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2026 2025
£ £
Not later than one year 65,000 65,658
Later than one year and not later than five years 164,192 229,191
229,192 294,849
13. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
During the year the charge to the profit and loss account in respect of defined contribution schemes was £22,052 (2025: £22,570)
At the balance sheet date contributions of £5,167 (2025: £3,819) were due to the fund and are included in creditors.
14. Controlling Parties
The company's immediate parent is PTG Holdings Limited, incorporated in England and Wales.
The ultimate parent is Applied Automation (Holdings) Limited, incorporated in England and Wales.
The most senior parent entity producing publicly available statements is Applied Automation (Holdings) Limited. These financial statements are available upon request from 6 Houndiscombe Road, Plymouth, Devon, United Kingdom, PL4 6HH.
The ultimate controlling party is David and Valarie Rowe.
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15. Audit Information
The auditor's report on the accounts of P.T.G. Precision Engineers Limited for the year ended 31 March 2026 was unqualified.
The auditor's report was signed by Richard Baker FCA (Senior Statutory Auditor) for and on behalf of Sumer Auditco , Statutory Auditor.
Sumer Auditco
T/A Sumer Audit
6 Houndisombe Road
Plymouth
Devon
PL4 6HH
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