REGISTERED NUMBER: 06252402 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

FOR

ASCENT ENGINEERING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P A Clarke

M Gaughan

REGISTERED OFFICE:

Unit 1

Barras Garth Road

Wortley

Leeds

West Yorkshire

LS12 4JW

REGISTERED NUMBER:

06252402 (England and Wales)

ACCOUNTANTS:

Bannister Prentice Ltd

First Floor Offices

Garforth Town AFC

Cedar Ridge

Garforth

West Yorkshire

LS25 2PF

FIXED ASSETS

Tangible assets

4

735,322

755,344

CURRENT ASSETS

Stocks

10,050

10,010

Debtors

5

389,579

327,541

Cash at bank and in hand

366,397

332,020

766,026

669,571

CREDITORS

Amounts falling due within one year

6

345,486

426,535

NET CURRENT ASSETS

420,540

243,036

TOTAL ASSETS LESS CURRENT LIABILITIES

1,155,862

998,380

CREDITORS

Amounts falling due after more than one year

7

(71,647

)

(129,714

)

PROVISIONS FOR LIABILITIES

(87,897

)

(87,897

)

NET ASSETS

996,318

780,769

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

996,118

780,569

SHAREHOLDERS' FUNDS

996,318

780,769

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 for the year ended 31 May 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 29 October 2026 and were signed on its behalf by:

P A Clarke - Director

M Gaughan - Director

1.	STATUTORY INFORMATION

Ascent Engineering Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 June 2025

216,090

598,892

12,838

Additions

-

56,546

-

Disposals

-

(47,943

)

-

At 31 May 2026

216,090

607,495

12,838

DEPRECIATION

At 1 June 2025

30,253

150,514

9,067

Charge for year

4,321

35,050

566

Eliminated on disposal

-

(10,443

)

-

At 31 May 2026

34,574

175,121

9,633

NET BOOK VALUE

At 31 May 2026

181,516

432,374

3,205

At 31 May 2025

185,837

448,378

3,771

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 June 2025

199,438

16,579

1,043,837

Additions

34,310

809

91,665

Disposals

(37,957

)

-

(85,900

)

At 31 May 2026

195,791

17,388

1,049,602

DEPRECIATION

At 1 June 2025

86,612

12,047

288,493

Charge for year

19,058

629

59,624

Eliminated on disposal

(23,394

)

-

(33,837

)

At 31 May 2026

82,276

12,676

314,280

NET BOOK VALUE

At 31 May 2026

113,515

4,712

735,322

At 31 May 2025

112,826

4,532

755,344

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,080

22,194

Retentions

56,236

64,005

Work in progress

299,849

209,196

Other debtors

32,414

32,146

389,579

327,541

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

33,271

56,968

Hire purchase contracts

50,140

116,235

Trade creditors

86,123

108,060

Taxation and social security

99,912

72,231

Other creditors

76,040

73,041

345,486

426,535

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

62,829

70,755

Hire purchase contracts

8,818

58,959

71,647

129,714

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

9,540

17,466