REGISTERED NUMBER: 06415277 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

KNIGHT PRECISION TOOLING LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T C Wegener

Mr C F Wegener

SECRETARY:

Mr T C Wegener

REGISTERED OFFICE:

14 Gelliwastad Road

Pontypridd

Rhondda Cynon Taf

CF37 2BW

REGISTERED NUMBER:

06415277 (England and Wales)

ACCOUNTANTS:

Sullivans Chartered Accountants

13-14 Gelliwastad Road

Pontypridd

Rhondda Cynon Taf

CF37 2BW

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

85,299

93,751

85,299

93,751

CURRENT ASSETS

Inventories

11,700

12,000

Debtors

6

142,023

86,357

Cash at bank and in hand

17,925

38,968

171,648

137,325

CREDITORS

Amounts falling due within one year

7

131,858

100,330

NET CURRENT ASSETS

39,790

36,995

TOTAL ASSETS LESS CURRENT LIABILITIES

125,089

130,746

CREDITORS

Amounts falling due after more than one year

8

-

(16,143

)

PROVISIONS FOR LIABILITIES

(10,408

)

-

NET ASSETS

114,681

114,603

CAPITAL AND RESERVES

Called up share capital

11

2

2

Retained earnings

114,679

114,601

SHAREHOLDERS' FUNDS

114,681

114,603

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 15 September 2026 and were signed on its behalf by:

Mr T C Wegener - Director

1.	STATUTORY INFORMATION

Knight Precision Tooling 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 as modified by the revaluation of certain assets.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue operating for the foreseeable future.

Therefore the financial statements have been prepared on a going concern basis.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on cost

Computer equipment

-

15% on cost

Stocks

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Government grants

Government grants of a capital nature are treated as deferred income and included in creditors within the Balance Sheet. They are then amortised to the profit and loss account in accordance with the estimated economic life of the assets to which they relate. Grants of a revenue nature are allocated to their appropriate profit and loss account heading as received.

Goodwill

Goodwill, being paid in connection with the aquisition of a business in 2018, has previously been fully amortised evenly over its useful life of six years.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

76,477

AMORTISATION

At 1 February 2025

and 31 January 2026

76,477

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST OR VALUATION

At 1 February 2025

465,403

Additions

6,563

At 31 January 2026

471,966

DEPRECIATION

At 1 February 2025

371,652

Charge for year

15,015

At 31 January 2026

386,667

NET BOOK VALUE

At 31 January 2026

85,299

At 31 January 2025

93,751

Cost or valuation at 31 January 2026 is represented by:

Plant and

machinery

etc

£

Valuation in 2019

99,936

Valuation in 2020

(17,250

)

Valuation in 2021

34,418

Valuation in 2022

(14,022

)

Valuation in 2023

11,297

Cost

357,587

471,966

If plant and machinery had not been revalued they would have been included at the following historical cost:

31/1/26

31/1/25

£

£

Cost

306,118

304,416

Aggregate depreciation

277,035

271,499

Plant & Machinery were valued on an open market basis on 31 January 2026 by the directors .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST OR VALUATION

At 1 February 2025

and 31 January 2026

97,493

DEPRECIATION

At 1 February 2025

and 31 January 2026

75,955

NET BOOK VALUE

At 31 January 2026

21,538

At 31 January 2025

21,538

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

£

Trade debtors

51,416

40,151

Amounts owed by group undertakings

-

6,331

Other debtors

90,607

39,875

142,023

86,357

Included in "Other Debtors" is the balance outstanding for Directors Loans of £0 (£992.45 in 2025). This is due to the directors loan account being in credit as at year end 31/01/2026

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

£

Bank loans and overdrafts

5,247

11,084

Hire purchase contracts

11,957

13,040

Trade creditors

45,464

52,245

Amounts owed to group undertakings

52,831

-

Taxation and social security

6,861

17,856

Other creditors

9,498

6,105

131,858

100,330

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/1/26

31/1/25

£

£

Bank loans

-

4,186

Hire purchase contracts

-

11,957

-

16,143

9.	SECURED DEBTS

The following secured debts are included within creditors:

31/1/26

31/1/25

£

£

Bank overdrafts

1,061

1,088

Hire purchase contracts

11,957

24,997

13,018

26,085

A standard debenture is held over the company in favour of National Westminster Bank plc relating to bank overdrafts.

Assets on hire purchase are secured on the assets to which they relate.

10.	FINANCIAL INSTRUMENTS

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/1/26

31/1/25

value:

£

£

2

Ordinary

£1

2

2

12.	ULTIMATE CONTROLLING PARTY

The company was controlled by Mr T Wegener and Mr C Wegener, the directors, throughout the period under review by virtue of the directors holdings within the companys ultimate parent.