Registration number: 07723140

Machining Solutions Ltd

Contents

Company Information	1
Accountant's Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	5 to 10

Machining Solutions Ltd

Company Information

Directors

Mr Stephen A King Mr Harry King

Registered office

King Edward House 82 Stourbridge Road Halesowen West Midlands B63 3UP

Accountant

Stephen Jones Accountants Chartered Certified Accountants King Edward House 82 Stourbridge Road Halesowen West Midlands B63 3UP

Chartered Certified Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Machining Solutions Ltd
for the Year Ended 31 July 2026

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Machining Solutions Ltd for the year ended 31 July 2026 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.

This report is made solely to the Board of Directors of Machining Solutions Ltd, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the accounts of Machining Solutions Ltd and state those matters that I have agreed to state to the Board of Directors of Machining Solutions Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Machining Solutions Ltd and its Board of Directors as a body for my work or for this report.

It is your duty to ensure that Machining Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Machining Solutions Ltd. You consider that Machining Solutions Ltd is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the accounts of Machining Solutions Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory accounts.

......................................

Stephen Jones Accountants
Chartered Certified Accountants
King Edward House
82 Stourbridge Road
Halesowen
West Midlands
B63 3UP

19 October 2026

Machining Solutions Ltd

(Registration number: 07723140)
Balance Sheet as at 31 July 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	136,717	100,534
Current assets
Stocks	5	365,150	375,125
Debtors	6	32,094	362,334
Cash at bank and in hand		1,076,319	1,107,174
		1,473,563	1,844,633
Creditors: Amounts falling due within one year	7	(75,177)	(208,680)
Net current assets		1,398,386	1,635,953
Total assets less current liabilities		1,535,103	1,736,487
Creditors: Amounts falling due after more than one year	7	-	(53,158)
Provisions for liabilities		-	(4,227)
Net assets		1,535,103	1,679,102
Capital and reserves
Called up share capital	8	100	100
Retained earnings		1,535,003	1,679,002
Shareholders' funds		1,535,103	1,679,102

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Machining Solutions Ltd

(Registration number: 07723140)
Balance Sheet as at 31 July 2026

Approved and authorised by the Board on 19 October 2026 and signed on its behalf by:
 

......................................... Mr Stephen A King Director

Machining Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
King Edward House
82 Stourbridge Road
Halesowen
West Midlands
B63 3UP

The principal place of business is:
Unit 1 Parbrook Close
Coventry
CV4 9XY

These financial statements were authorised for issue by the Board on 19 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Machining Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% on reducing balance
Computer equipment	25% on reducing balance
Motor vehicles	25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for the sale of good and services in the ordinary course of business.

Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method after making due allowance for any obsolete or slow moving items.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

Machining Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2025 - 3).

Machining Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

4	Tangible assets

	Plant and machinery etc.  £	Motor vehicles  £	Total £
Cost or valuation
At 1 August 2025	27,434	135,594	163,028
Additions	820	64,548	65,368
At 31 July 2026	28,254	200,142	228,396
Depreciation
At 1 August 2025	15,542	46,952	62,494
Charge for the year	2,991	26,194	29,185
At 31 July 2026	18,533	73,146	91,679
Carrying amount
At 31 July 2026	9,721	126,996	136,717
At 31 July 2025	11,892	88,642	100,534

5

Stocks

	2026 £	2025 £
Goods for resale	365,150	375,125

Machining Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

6

Debtors

Current	Note	2026 £	2025 £
Trade debtors		13,960	79,350
Amounts owed by related parties	10	-	265,540
Prepayments		7,689	12,944
Other debtors		10,445	4,500
		32,094	362,334

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Bank loans and overdrafts		53,158	16,208
Trade creditors		10,922	4,887
Taxation and social security		4,839	173,273
Accruals and deferred income		6,258	5,900
Other creditors		-	8,412
		75,177	208,680

Creditors include obligations under hire purchase contracts, which are secured under the normal arrangements, of £53,158 (2025 - £69,366). Of this the amount due within one year is £53,158 (2025 £16,208) and amounts due after more than one year are £Nil (2025 - £53,158).

Machining Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings		-	53,158

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

9

Dividends

Interim dividends paid

		2026 £		2025 £
Interim dividend of £1,057.50 (2025 - £1,655.00) per each Ordinary		105,750		165,500

10	Related party transactions

At the balance sheet date the company had loaned £Nil (2025 - £265,540) to a company owned and controlled by 2 of the director/shareholders. The loan is repayable on demand and is therefore included in debtors: amounts due within one year.