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REGISTERED NUMBER: 05745471






















Unaudited Financial Statements

for the Year Ended 31 March 2018

for

J K F Precision Engineering Limited

J K F Precision Engineering Limited (Registered number: 05745471)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

J K F Precision Engineering Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: R W Gray
K Patterson
T P Stubbins





SECRETARY: T P Stubbins





REGISTERED OFFICE: Britannia House
Marshall's Yard
Gainsborough
Lincolnshire
DN21 2NA





REGISTERED NUMBER: 05745471





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Britannia House
Marshall's Yard
Gainsborough
Lincolnshire
DN21 2NA

J K F Precision Engineering Limited (Registered number: 05745471)

Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 194,869 240,489

CURRENT ASSETS
Stocks 64,996 40,093
Debtors 5 511,789 626,120
Cash at bank and in hand 426,299 266,152
1,003,084 932,365
CREDITORS
Amounts falling due within one year 6 393,245 386,822
NET CURRENT ASSETS 609,839 545,543
TOTAL ASSETS LESS CURRENT
LIABILITIES

804,708

786,032

CREDITORS
Amounts falling due after more than one year 7 (4,994 ) (11,263 )

PROVISIONS FOR LIABILITIES (37,025 ) (32,012 )
NET ASSETS 762,689 742,757

CAPITAL AND RESERVES
Called up share capital 8 45,000 45,001
Retained earnings 717,689 697,756
SHAREHOLDERS' FUNDS 762,689 742,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 16 October 2018 and were signed on its behalf by:





K Patterson - Director


J K F Precision Engineering Limited (Registered number: 05745471)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

J K F Precision Engineering Limited is a private company, limited by shares , registered in Not specified/Other.
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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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
Plant and machinery10 to 15% on cost
Motor vehicles33.33 on cost
Computer equipment20% on cost

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 20 (2017 - 23 ) .

J K F Precision Engineering Limited (Registered number: 05745471)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2017 778,862 22,778 27,975 57,917 887,532
Additions 10,000 - - 1,665 11,665
Disposals (5,800 ) - - - (5,800 )
At 31 March 2018 783,062 22,778 27,975 59,582 893,397
DEPRECIATION
At 1 April 2017 568,560 22,774 2,514 53,195 647,043
Charge for year 42,366 - 9,258 2,906 54,530
Eliminated on disposal (3,045 ) - - - (3,045 )
At 31 March 2018 607,881 22,774 11,772 56,101 698,528
NET BOOK VALUE
At 31 March 2018 175,181 4 16,203 3,481 194,869
At 31 March 2017 210,302 4 25,461 4,722 240,489

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 323,324 439,153
Other debtors 188,465 186,967
511,789 626,120

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 9,169 24,251
Trade creditors 232,975 215,754
Taxation and social security 101,738 94,145
Other creditors 49,363 52,672
393,245 386,822

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 4,994 11,263

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
45,000 Ordinary £1 45,000 45,001

J K F Precision Engineering Limited (Registered number: 05745471)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2018 and
31 March 2017:

2018 2017
£    £   
T P Stubbins
Balance outstanding at start of year 3,000 -
Amounts advanced - 3,000
Amounts repaid (626 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,374 3,000

K Patterson
Balance outstanding at start of year 3,000 -
Amounts advanced - 3,000
Amounts repaid (626 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,374 3,000

R W Gray
Balance outstanding at start of year 3,000 -
Amounts advanced - 3,000
Amounts repaid (626 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,374 3,000

J K F Precision Engineering Limited

Report of the Accountants to the Directors of
J K F Precision Engineering Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to
file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements
and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2018 set out on pages one to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Britannia House
Marshall's Yard
Gainsborough
Lincolnshire
DN21 2NA


16 October 2018