T & A Precision Grinding Co. Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01918382 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2026

for

T & A PRECISION GRINDING CO. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A. Oates

Mrs C. Oates

SECRETARY:

Mrs C. Oates

REGISTERED OFFICE:

101 Carlisle Street East

Sheffield

South Yorkshire

S4 7QN

REGISTERED NUMBER:

01918382 (England and Wales)

ACCOUNTANTS:

S Burgess & Co Ltd

11 Slayleigh Avenue

Sheffield

South Yorkshire

S10 3RA

FIXED ASSETS

Tangible assets

4

29,229

36,975

CURRENT ASSETS

Stocks

5

327,551

239,535

Debtors

6

195,099

256,756

Cash at bank

47,727

27,192

570,377

523,483

CREDITORS

Amounts falling due within one year

7

263,092

190,662

NET CURRENT ASSETS

307,285

332,821

TOTAL ASSETS LESS CURRENT
LIABILITIES

336,514

369,796

CREDITORS

Amounts falling due after more than one
year

8

-

2,651

NET ASSETS

336,514

367,145

CAPITAL AND RESERVES

Called up share capital

80

Capital redemption reserve

100

Retained earnings

336,334

366,965

SHAREHOLDERS' FUNDS

336,514

367,145

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 30 September 2026 and were signed on its behalf by:

A. Oates - Director

Mrs C. Oates - Director

1.	STATUTORY INFORMATION

T & A Precision Grinding Co. 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.

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.

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.

Turnover

Turnover comprises both the invoiced value of the supply of silver steel, and precision grinding services, excluding valued added tax. Turnover relating to silver steel is recognised upon delivery to the customer, and precision grinding services turnover is recognised upon completion.

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

-

20% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks, which comprise both raw material and finished goods silver steel, are valued at cost, after making due allowance for any obsolete and slow moving items, as necessary.

Taxation

Taxation for the year 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 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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account as incurred.

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.

Debtors and creditors due within one year

Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income within administrative expenses.

Impairment

At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or the assets 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 the statement of comprehensive income.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2025 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST

At 1 May 2025

and 30 April 2026

30,174

237,647

9,240

34,500

311,561

DEPRECIATION

At 1 May 2025

30,174

215,481

5,347

23,584

274,586

Charge for year

-

4,433

584

2,729

7,746

At 30 April 2026

30,174

219,914

5,931

26,313

282,332

NET BOOK VALUE

At 30 April 2026

-

17,733

3,309

8,187

29,229

At 30 April 2025

-

22,166

3,893

10,916

36,975

5.

STOCKS

30.4.26

30.4.25

£

Raw materials

-

2,376

Finished goods

327,551

237,159

327,551

239,535

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

Trade debtors

190,279

230,857

Prepayments

4,820

25,899

195,099

256,756

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

Bank loans and overdrafts

2,651

10,446

Trade creditors

167,260

94,244

Social security and other taxes

2,540

2,264

VAT

49,980

61,444

Other creditors

24,375

16,172

Directors' current accounts

1,092

Accrued expenses

15,194

5,000

263,092

190,662

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

30.4.26

30.4.25

£

Bank loans

-

2,651

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.4.26

30.4.25

£

Within one year

80,926

47,751

Between one and five years

43,297

123,923

124,223

171,674