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Company Registration No. 14620295 (England and Wales)
Fleet Precision Engineering Ltd Unaudited accounts for the year ended 31 January 2026
Fleet Precision Engineering Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Fleet Precision Engineering Ltd Company Information for the year ended 31 January 2026
Directors
Thomas Edward Fleet Peggy Fleet
Company Number
14620295 (England and Wales)
Registered Office
13 The Close Norwich Norfolk NR1 4DS United Kingdom
Accountants
JHW Azoth Ltd 13 The Close Norwich Norfolk NR1 4DS
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Fleet Precision Engineering Ltd Statement of financial position as at 31 January 2026
2026 
2025 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
28,595 
20,543 
Current assets
Inventories
3,250 
7,500 
Debtors
5
51,150 
34,868 
Cash at bank and in hand
2,916 
1,357 
57,316 
43,725 
Creditors: amounts falling due within one year
6
(41,259)
(52,420)
Net current assets/(liabilities)
16,057 
(8,695)
Net assets
44,652 
11,848 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
44,552 
11,748 
Shareholders' funds
44,652 
11,848 
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2026 and were signed on its behalf by
Thomas Edward Fleet Director Company Registration No. 14620295
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Fleet Precision Engineering Ltd Notes to the Accounts for the year ended 31 January 2026
1
Statutory information
Fleet Precision Engineering Ltd is a private company, limited by shares, registered in England and Wales, registration number 14620295. The registered office is 13 The Close, Norwich, Norfolk, NR1 4DS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% SL
Motor vehicles
25% RB
Fixtures & fittings
25% SL
Computer equipment
33% SL
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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Fleet Precision Engineering Ltd Notes to the Accounts for the year ended 31 January 2026
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 February 2025
12,995 
13,950 
172 
1,650 
28,767 
Additions
- 
14,595 
380 
888 
15,863 
At 31 January 2026
12,995 
28,545 
552 
2,538 
44,630 
Depreciation
At 1 February 2025
5,921 
1,839 
38 
426 
8,224 
Charge for the year
2,599 
4,478 
72 
662 
7,811 
At 31 January 2026
8,520 
6,317 
110 
1,088 
16,035 
Net book value
At 31 January 2026
4,475 
22,228 
442 
1,450 
28,595 
At 31 January 2025
7,074 
12,111 
134 
1,224 
20,543 
5
Debtors
2026 
2025 
£ 
£ 
Amounts falling due within one year
Trade debtors
51,150 
34,868 
6
Creditors: amounts falling due within one year
2026 
2025 
£ 
£ 
VAT
8,119 
10,804 
Trade creditors
6,470 
4,245 
Taxes and social security
17,090 
11,143 
Loans from directors
9,580 
26,228 
41,259 
52,420 
7
Average number of employees
During the year the average number of employees was 2 (2025: 2).
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