C.A.M. (Production Engineers) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02078059 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

C.A.M. (Production Engineers) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W J Gray

J T Gray

G P Gray

REGISTERED OFFICE:

2-5 Madeley Road

Redditch

Worcester

B98 9NB

REGISTERED NUMBER:

02078059 (England and Wales)

ACCOUNTANTS:

O'Sullivan Hughes Limited

185 Wellsway

Keynsham

Bristol

BS31 1JJ

FIXED ASSETS

Investments

4

1

Investment property

5

1,900,000

1,900,001

CURRENT ASSETS

Cash at bank

135,751

135,157

CREDITORS

Amounts falling due within one year

6

(31,921

)

(121,402

)

NET CURRENT ASSETS

103,830

13,755

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,003,831

1,913,756

PROVISIONS FOR LIABILITIES

(88,748

)

(88,748

)

NET ASSETS

1,915,083

1,825,008

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

7

1,234,884

Retained earnings

7

680,099

590,024

1,915,083

1,825,008

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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2026 and were signed on its behalf by:

J T Gray - Director

1.	STATUTORY INFORMATION

C.A.M. (Production Engineers) 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 principal activity of the company in the year under review was that of letting property.

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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Preparation of consolidated financial statements

The financial statements contain information about C.A.M. (Production Engineers) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

At 1 January 2025

and 31 December 2025

1

NET BOOK VALUE

At 31 December 2025

1

At 31 December 2024

1

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

1,900,000

NET BOOK VALUE

At 31 December 2025

1,900,000

At 31 December 2024

1,900,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2023

1,322,632

Cost

577,368

1,900,000

The fair value of the property is based on an independent third party valuation which was undertaken in July 2023 by John Truslove Chartered Surveyors & Valuers. This valuation was made in accordance with the RICS valuation professional standards and the International Valuation Standards.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as

restated

£

Tax

29,926

11,243

Other creditors

-

108,164

Accruals and deferred income

1,995

31,921

121,402

7.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 January 2025

590,024

1,234,884

1,824,908

Profit for the year

90,075

At 31 December 2025

680,099

1,234,884

1,914,983

8.	CONTINGENT LIABILITIES

C.A.M. (Production Engineers) Limited has given guarantees and indemnities in respect of the bank borrowings of Machined Component Systems PLC in favour of National Westminster Bank PLC.

9.	RELATED PARTY DISCLOSURES

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.

The directors are also directors of Machined Component Systems Limited.

During the year C.A.M. (Production Engineers) Limited charged rent to Machined Component Systems Limited in the sum of £120,000 (2024: £120,000).In addition Machined Component Systems Limited charged a management fee to the company amounting to £Nil (2024: £70,350).

Included in creditors is an amount of £Nil (2024: £108,164) owed by the company to Machined Component Systems Limited.

10.	POST BALANCE SHEET EVENTS

Subsequent to the reporting date, in April 2026, the Company's 100 ordinary shares of £1 each were subdivided into 10,000 ordinary shares of £0.01 each.

In May 2026, the Company acquired the entire issued share capital of Machined Component Systems Limited in exchange for the issue of 15,000 ordinary shares of £0.01 each. The consideration attributable to the shares acquired was £2,631,525.60.

The shares in the Company were issued as follows: 1,260 shares to Mr J Gray, 948 shares to Mrs G Gray and 12,792 shares to Mr W Gray. Following the transaction, Machined Component Systems Limited became a wholly owned subsidiary of the Company.

The transaction has not been reflected in these financial statements as it occurred after the reporting date.