FILLETED FINANCIAL STATEMENTS
for the year ended 31 May 2026
for
Moorgate Precision Engineering Limited
Registered number: 4266538 (England and Wales)
Moorgate Precision Engineering Limited
Contents of the Filleted Financial Statements
Page
Company Information
Statement of Financial Position
Notes to the Filleted Financial Statements
Moorgate Precision Engineering Limited
Company information
DIRECTORS
Ian Duncan Ronan
Scott Walters
REGISTERED OFFICE
C/o My Online Accountant
Piccadilly Business Centre
Aldow Enterprise Park
Manchester
M12 6AE
REGISTERED NUMBER
4266538
ACCOUNTANTS
My Online Accountant
Chartered Accountants
Piccadilly Business Centre
Aldow Enterprise Park
Manchester
Greater Manchester
M12 6AE
Moorgate Precision Engineering Limited
Statement of Financial Position
at 31 May 2026
2026
2026
2025
2025
Notes
£
£
£
£
FIXED ASSETS
Property, plant and equipment
2,361
-
2,361
-
Inventories
2,675
1,388
Receivables
85,385
52,342
Cash and cash equivalents
31,911
306
119,971
54,036
CURRENT PAYABLES
(64,831)
(49,708)
NET CURRENT ASSETS
55,140
4,328
NET ASSETS
57,501
4,328
Moorgate Precision Engineering Limited
Statement of Financial Position
at 31 May 2026
2026
2025
Notes
£
£
EQUITY
Attributable to equity holders of the company
Share capital
2
2
Share premium
1,998
1,998
Retained profit
55,501
2,328
TOTAL EQUITY
57,501
4,328
The Company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31 May 2026. The members have not required the company to obtain an audit of its financial statements in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Companies Act 2006; and preparing financial statements which give a true and fair view in accordance with the requirements of section 396 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. In accordance with section 444 of the Companies Act 2006 an income statement has not been included. In accordance with FRS 102 section 1A part 7, consolidated financial statements have not been prepared. In accordance with FRS 102 section 1A part 7, a cashflow statement has not been prepared.
Approved by the Board on 30 September 2026. For and on behalf of the Board:
.........................................................................................
Scott Walters (Company Director)
Moorgate Precision Engineering Limited
Notes to the Financial Statements
for the year ended 31 May 2026
1
ACCOUNTING POLICIES
Accounting convention
These financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard 102 section 1A for small entities (effective January 2015).
Revenue recognition
Revenue represents net invoiced sales of goods, excluding value added tax.
Property, plant and equipment
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 machinery motor vehicles: Straight line and reducing balance at a rate of 15.0-33.0% per annum
- Fixtures and fittings: Reducing balance at a rate of 15.0-33.0% per annum
- Other tangible fixed assets: Straight line and reducing balance at a rate of 25.0-33.0% per annum
Inventories
Where applicable, inventories are valued at the lower of cost and net realisable value, after making allowance for obsolete and slow moving items.
Deferred taxation
Provision is made at current rates for taxation deferred in respect of all material timing differences except to the extent that, in the opinion of the directors, there is reasonable probability that the liability will not arise in the foreseeable future.
2
AVERAGE EMPLOYEES
The average number of employees in the year was: 2 (2025: 2).
Moorgate Precision Engineering Limited
Notes to the Financial Statements
for the year ended 31 May 2026
3
PROPERTY, PLANT AND EQUIPMENT
Total
£
COST
At start of year
-
Additions
2,630
At end of year
2,630
DEPRECIATION
At start of year
-
Expense for the year
(269)
At end of year
(269)
NET BOOK VALUE
At end of year
2,361
At start of year
-
4
INVENTORIES
2026
2025
£
£
Work in progress
2,675
1,388
Total inventories
2,675
1,388
5
RECEIVABLES
2026
2025
£
£
Trade receivables
79,860
44,502
Prepayments and accrued income
1,025
127
Other receivables
4,500
7,713
Total receivables
85,385
52,342
All amounts in the current and preceding year relate to amounts due within 1 year.
Moorgate Precision Engineering Limited
Notes to the Financial Statements
for the year ended 31 May 2026
6
CURRENT PAYABLES
2026
2025
£
£
Trade payables
(12,015)
(9,280)
VAT
(16,998)
(9,168)
Corporation tax
(24,622)
(27,305)
Accruals and deferred income
(8,121)
(640)
PAYE and social security
(2,595)
-
Other payables
(480)
(3,315)
Total current payables
(64,831)
(49,708)
7
SHARE CAPITAL
2026
2026
2025
2025
Number
£
Number
£
Ordinary A shares of £1.000 each
At start and end of year
2
2
2
2
Total share capital
2
2