3D Precision Engineering Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC294109 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

3D PRECISION ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Bonnar

SECRETARY:

N Bonnar

REGISTERED OFFICE:

Unit 22B

Midfield Road

Mitchelston Industrial Estate

Kirkcaldy

Fife

KY1 3NL

REGISTERED NUMBER:

SC294109 (Scotland)

ACCOUNTANTS:

S&W Partners (Scotland) Limited

Cluny Court

John Smith Business Park

Kirkcaldy

Fife

KY2 6QJ

FIXED ASSETS

Tangible assets

4

239,732

302,210

Investments

5

196,653

172,632

436,385

474,842

CURRENT ASSETS

Stocks

54,277

66,761

Debtors

6

58,942

82,012

Cash at bank and in hand

1,145,564

1,168,166

1,258,783

1,316,939

CREDITORS

Amounts falling due within one year

7

(276,800

)

(451,041

)

NET CURRENT ASSETS

981,983

865,898

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,418,368

1,340,740

PROVISIONS FOR LIABILITIES

8

(59,404

)

(63,742

)

NET ASSETS

1,358,964

1,276,998

CAPITAL AND RESERVES

Called up share capital

6

Fair value reserve

9

96,653

72,632

Retained earnings

1,262,305

1,204,360

SHAREHOLDERS' FUNDS

1,358,964

1,276,998

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 September 2026 and were signed by:

S Bonnar - Director

1.	STATUTORY INFORMATION

3D Precision Engineering Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 through engineering services and supplies to customers 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.

Improvements to property

-

10% per annum on cost

Plant and machinery

-

20% per annum reducing balance

Fixtures and fittings

-

20% per annum reducing balance

Motor vehicles

-

25% per annum reducing balance

Computer equipment

-

Straight line over 3 years

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.

STOCKS

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out basis. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

FIXED ASSET INVESTMENT

Investments are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publically traded and whose fair values cannot be measured reliably are measured at cost less impairment.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

EMPLOYEE BENEFITS

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

DEBTORS AND CREDITORS RECEIVABLE/PAYABLE WITHIN ONE YEAR

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

IMPAIRMENT

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset’s cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

PROVISIONS

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

COST

At 1 January 2025

26,960

693,515

38,439

Additions

-

354

At 31 December 2025

26,960

693,515

38,793

DEPRECIATION

At 1 January 2025

24,253

458,146

26,525

Charge for year

591

47,074

2,422

At 31 December 2025

24,844

505,220

28,947

NET BOOK VALUE

At 31 December 2025

2,116

188,295

9,846

At 31 December 2024

2,707

235,369

11,914

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 January 2025

68,890

4,485

832,289

Additions

-

417

771

At 31 December 2025

68,890

4,902

833,060

DEPRECIATION

At 1 January 2025

17,223

3,932

530,079

Charge for year

12,917

245

63,249

At 31 December 2025

30,140

4,177

593,328

NET BOOK VALUE

At 31 December 2025

38,750

725

239,732

At 31 December 2024

51,667

553

302,210

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2025

172,632

Additions

24,021

At 31 December 2025

196,653

NET BOOK VALUE

At 31 December 2025

196,653

At 31 December 2024

172,632

Cost or valuation at 31 December 2025 is represented by:

Other

investments

£

Valuation in 2016

12,226

Valuation in 2017

14,311

Valuation in 2018

(14,170

)

Valuation in 2019

15,692

Valuation in 2020

8,842

Valuation in 2021

22,540

Valuation in 2022

(19,542

)

Valuation in 2023

15,485

Valuation in 2024

17,248

Valuation in 2025

24,021

Cost

100,000

196,653

The investments were valued by an independent valuer on an open market value basis as at 31 December 2025.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

52,204

75,199

Other debtors

6,738

6,813

58,942

82,012

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

65,484

234,306

Taxation and social security

162,525

168,472

Other creditors

48,791

48,263

276,800

451,041

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

59,404

63,742

Deferred

tax

£

Balance at 1 January 2025

63,742

Provided during year

(4,338

)

Balance at 31 December 2025

59,404

The provision for deferred taxation is made up of accelerated capital allowances.

9.

RESERVES

Fair

value

reserve

£

At 1 January 2025

72,632

Loss/(Gain) on inv revaluation

24,021

At 31 December 2025

96,653

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

S Bonnar

Balance outstanding at start of year

-

Amounts advanced

5,381

7,274

Amounts repaid

(5,381

)

(7,274

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

During the year, the company made interest-free advances to a director amounting to £5,381 (2024 - £7,274). This loan was repaid during the year.

11.	RELATED PARTY DISCLOSURES

Included in 'Other creditors' is an amount of £13,950 (2024 - £13,594) due to the director from the company. This loan is interest free and had no fixed terms of repayment.