Micron Workholding Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 02897976

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		269,913		305,286

			269,913		305,286
CURRENT ASSETS
Stocks	5	42,778		55,193
Debtors	6	52,347		150,218
Cash at bank and in hand		22,255		-

		117,380		205,411
Creditors: Amounts Falling Due Within One Year	7	(146,081 )		(198,837 )

NET CURRENT ASSETS (LIABILITIES)			(28,701 )		6,574

TOTAL ASSETS LESS CURRENT LIABILITIES			241,212		311,860

Creditors: Amounts Falling Due After More Than One Year	8		(107,745 )		(86,519 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(21,424 )		(21,849 )

NET ASSETS			112,043		203,492

CAPITAL AND RESERVES
Called up share capital	10		9,077		9,077
Profit and Loss Account			102,966		194,415

SHAREHOLDERS' FUNDS			112,043		203,492

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Micron Workholding Limited

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Michael Jenness

Director

5th November 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Micron Workholding Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02897976 . The registered office is Nene Road, Bicton Industrial Park, Kimbolton, Cambridgeshire, PE28 0LF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Straight line over 30 years
Plant & Machinery	20% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	25% on reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Micron Workholding Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

2.7. Taxation

The taxation expense represents the sum of the corporation tax currently payable and any deferred tax.

The corporation tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at 28 February 2025.

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.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.9. Government Grant

The company also receives grants to help with the acquisition of machinery. These are written back to the Profit and Loss Account over the useful life of the machinery or 5 years whichever is the lowest.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 5)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 March 2024	204,649	727,937	78,069	35,845	1,046,500

As at 28 February 2025	204,649	727,937	78,069	35,845	1,046,500

Depreciation
As at 1 March 2024	43,172	629,920	34,155	33,967	741,214
Provided during the period	4,320	19,604	10,978	471	35,373

As at 28 February 2025	47,492	649,524	45,133	34,438	776,587

Net Book Value
As at 28 February 2025	157,157	78,413	32,936	1,407	269,913

As at 1 March 2024	161,477	98,017	43,914	1,878	305,286

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Plant & Machinery	18,240	22,801
Motor Vehicles	32,935	43,914

	51,175	66,715

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Micron Workholding Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

5. Stocks

	2025	2024
	£	£
Materials	3,332	5,630
Finished goods	34,447	41,117
Work in progress	4,999	8,446

	42,778	55,193

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	47,948	140,527
Other debtors	4,399	9,691

	52,347	150,218

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	41,307	11,922
Trade creditors	30,538	62,605
Bank loans and overdrafts	30,476	46,063
Other loans	-	19,667
Other creditors	6,645	8,712
Taxation and social security	37,115	49,868

	146,081	198,837

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	41,307
Bank loans	105,825	37,588
Other loans	-	5,225
Other creditors	1,920	2,399

	107,745	86,519

9. Secured Creditors

Of the creditors the following amounts are secured.

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	41,307	53,229
Bank loans and overdrafts	136,301	77,091

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Micron Workholding Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

10. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
9,002 Ordinary Shares of £ 1.00 each	9,002	9,002
25 Ordinary A shares of £ 1.00 each	25	25
25 Ordinary B shares of £ 1.00 each	25	25
25 Ordinary C shares of £ 1.00 each	25	25

	9,077	9,077

11. Related Party Transactions

The company was under control of Mr M H Jenness and his family throughout the current and previous year. Mr M H Jenness is the majority shareholder.

No transactions with related parties were undertaken such as are required to be disclosed exception of the payment of dividends on A, B and C shares, all of which are paid to directors.

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