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Registered number: 13152580
Exact Engineering Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13152580
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,453 16,068
1,453 16,068
CURRENT ASSETS
Debtors 5 4,029 9,628
Cash at bank and in hand 33,367 27,981
37,396 37,609
Creditors: Amounts Falling Due Within One Year 6 (14,855 ) (9,047 )
NET CURRENT ASSETS (LIABILITIES) 22,541 28,562
TOTAL ASSETS LESS CURRENT LIABILITIES 23,994 44,630
PROVISIONS FOR LIABILITIES
Deferred Taxation - (3,053 )
NET ASSETS 23,994 41,577
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 23,993 41,576
SHAREHOLDERS' FUNDS 23,994 41,577
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For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 T A Lloyd
Director
15 September 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Exact Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13152580 . The registered office is 40 Newport Road, Stafford, ST16 1BH.
2. Accounting Policies
2.1. Basis of Preparation of 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.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
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.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:
Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from project management services are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the date the service is provided.
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:
Plant & Machinery 15% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 33% Straight line
2.4. 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.
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.
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2025: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2025 242 19,750 540 3,468 24,000
Additions - - - 1,155 1,155
Disposals - (19,750 ) - - (19,750 )
As at 31 March 2026 242 - 540 4,623 5,405
Depreciation
As at 1 April 2025 119 4,938 267 2,608 7,932
Provided during the period 19 - 69 870 958
Disposals - (4,938 ) - - (4,938 )
As at 31 March 2026 138 - 336 3,478 3,952
Net Book Value
As at 31 March 2026 104 - 204 1,145 1,453
As at 1 April 2025 123 14,812 273 860 16,068
5. Debtors
2026 2025
£ £
Due within one year
Prepayments and accrued income 644 517
Other debtors 2,952 2,952
Corporation tax recoverable assets 433 1,888
Director's loan account - 4,271
4,029 9,628
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Corporation tax 8,676 6,272
Other taxes and social security 978 36
VAT 1,746 1,206
Accruals and deferred income 1,607 1,533
Director's loan account 1,848 -
14,855 9,047
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7. Share Capital
2026 2025
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2025 Amounts advanced Amounts repaid Amounts written off As at 31 March 2026
£ £ £ £ £
Mr Thomas Lloyd 4,271 - (4,271 ) - -
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