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REGISTERED NUMBER: 06581299 (England and Wales)















JME PRECISION ENGINEERING LIMITED

Unaudited Financial Statements for the Year Ended 30 June 2023






JME PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 06581299)






Contents of the Financial Statements
for the year ended 30 June 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


JME PRECISION ENGINEERING LIMITED

Company Information
for the year ended 30 June 2023







Directors: M J Sliwa
Mrs J M Sliwa





Registered office: 86L Blackpole Trading Estate West
WORCESTER
Worcs.
WR3 8TJ





Registered number: 06581299 (England and Wales)





Accountants: Haines Watts South East LLP
5 - 6 Greenfield Crescent
Edgbaston
Birmingham
B15 3BE

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
JME 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JME Precision Engineering Limited for the year ended 30 June 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of JME Precision Engineering Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JME Precision Engineering Limited and state those matters that we have agreed to state to the Board of Directors of JME Precision Engineering Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JME Precision Engineering Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that JME Precision Engineering Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JME Precision Engineering Limited. You consider that JME Precision Engineering Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of JME Precision Engineering Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts South East LLP
5 - 6 Greenfield Crescent
Edgbaston
Birmingham
B15 3BE


Date: .............................................

JME PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 06581299)

Balance Sheet
30 June 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 1,093 4,683

Current assets
Stocks 5 2,850 2,750
Debtors 6 18,405 31,825
Cash at bank 22,866 25,596
44,121 60,171
Creditors
Amounts falling due within one year 7 20,122 42,242
Net current assets 23,999 17,929
Total assets less current liabilities 25,092 22,612

Creditors
Amounts falling due after more than one
year

8

(10,000

)

(10,000

)

Provisions for liabilities 9 - (890 )
Net assets 15,092 11,722

Capital and reserves
Called up share capital 10 100 100
Retained earnings 14,992 11,622
Shareholders' funds 15,092 11,722

JME PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 06581299)

Balance Sheet - continued
30 June 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 25 October 2023 and were signed on its behalf by:





M J Sliwa - Director


JME PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 06581299)

Notes to the Financial Statements
for the year ended 30 June 2023

1. Statutory information

JME Precision Engineering Limited 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.
Improvements to leasehold - 20% on cost
Computer equipment - 33% on cost

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.

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.

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Service contracts are accounted for under the stage of completion method and included at the contract value.

3. Employees and directors

The average number of employees during the year was 3 (2022 - 3 ) .

JME PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 06581299)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

4. Tangible fixed assets
Improvements
to Plant and Computer
leasehold machinery equipment Totals
£ £ £ £
Cost
At 1 July 2022
and 30 June 2023 4,847 165,399 10,756 181,002
Depreciation
At 1 July 2022 4,848 160,962 10,509 176,319
Charge for year - 3,349 241 3,590
At 30 June 2023 4,848 164,311 10,750 179,909
Net book value
At 30 June 2023 (1 ) 1,088 6 1,093
At 30 June 2022 (1 ) 4,437 247 4,683

5. Stocks
2023 2022
£ £
Stocks 2,850 2,750

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 14,525 27,900
Amounts due under contract not
yet invoiced 1,350 1,600
Deferred tax asset 85 -
Prepayments 2,445 2,325
18,405 31,825

7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 695 1,461
Corporation tax 1,955 5,711
Social security and other taxes 88 74
VAT 7,622 7,834
Directors' current accounts 8,212 25,712
Accrued expenses 1,550 1,450
20,122 42,242

8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Directors' loan account 10,000 10,000

9. Provisions for liabilities
2022
£
Deferred tax 890

JME PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 06581299)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

9. Provisions for liabilities - continued

Deferred tax
£
Balance at 1 July 2022 890
Movement (975 )
Balance at 30 June 2023 (85 )

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100