P.J.P. Precision Engineering Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 02395336

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		39,309		50,351

			39,309		50,351
CURRENT ASSETS
Stocks	5	2,000		2,000
Debtors	6	59,484		77,837
Cash at bank and in hand		95,630		30,227

		157,114		110,064
Creditors: Amounts Falling Due Within One Year	7	(101,703 )		(65,655 )

NET CURRENT ASSETS (LIABILITIES)			55,411		44,409

TOTAL ASSETS LESS CURRENT LIABILITIES			94,720		94,760

Creditors: Amounts Falling Due After More Than One Year	8		(16,381 )		(23,392 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(9,728 )		(12,146 )

NET ASSETS			68,611		59,222

CAPITAL AND RESERVES
Called up share capital	9		4		4
Profit and Loss Account			68,607		59,218

SHAREHOLDERS' FUNDS			68,611		59,222

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P.J.P. Precision Engineering Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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

Mrs Claire Machin Director	Mr Peter Machin Director
17 July 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

P.J.P. Precision Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02395336 . The registered office is C/O Radford & Sergeant Limited Quatro House, Lyon Way, Camberley, Surrey, GU16 7ER.

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 measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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:

Leasehold	25% Reducing balance
Plant & Machinery	25% Reducing balance
Computer Equipment	25% Reducing balance

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 and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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P.J.P. Precision Engineering Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 3)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2025	2,624	334,155	27,787	364,566
Additions	-	-	1,648	1,648

As at 31 January 2026	2,624	334,155	29,435	366,214

Depreciation
As at 1 February 2025	2,623	284,882	26,710	314,215
Provided during the period	-	12,318	372	12,690

As at 31 January 2026	2,623	297,200	27,082	326,905

Net Book Value
As at 31 January 2026	1	36,955	2,353	39,309

As at 1 February 2025	1	49,273	1,077	50,351

5. Stocks

	2026	2025
	£	£
Materials	2,000	2,000

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P.J.P. Precision Engineering Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	47,114	73,401
Prepayments and accrued income	2,240	2,235
Corporation tax recoverable assets	2,201	2,201
Other taxes and social security	7,929	-

	59,484	77,837

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	7,011	6,349
Trade creditors	12,991	6,138
Corporation tax	52,751	29,979
Other taxes and social security	-	1,824
VAT	23,024	15,472
Other creditors	776	116
Accruals and deferred income	5,150	5,777

	101,703	65,655

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	16,381	23,392

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	4	4

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