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REGISTERED NUMBER: 02004124 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

C.k.s. Precision Ltd.

C.k.s. Precision Ltd. (Registered number: 02004124)

Contents of the Financial Statements
for the Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C.k.s. Precision Ltd.

Company Information
for the Year Ended 31 July 2023







DIRECTOR: C K Somerfield





SECRETARY: Mrs S A Harding





REGISTERED OFFICE: 5 Green Gardens
Ullesthorpe
Lutterworth
Leicestershire
LE17 5BJ





REGISTERED NUMBER: 02004124 (England and Wales)





ACCOUNTANTS: Vaughan Davies & Co (Accountants) Ltd
Unit 1-3, Willow Park
Upton Lane
Stoke Golding
Nuneaton
Warwickshire
CV13 6EU

C.k.s. Precision Ltd. (Registered number: 02004124)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,756 54,726

CURRENT ASSETS
Debtors 5 2,501 1,648
Cash at bank 12,067 24,448
14,568 26,096
CREDITORS
Amounts falling due within one year 6 40,490 42,677
NET CURRENT LIABILITIES (25,922 ) (16,581 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,834

38,145

PROVISIONS FOR LIABILITIES 7,744 5,831
NET ASSETS 7,090 32,314

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 7,088 32,312
SHAREHOLDERS' FUNDS 7,090 32,314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

C.k.s. Precision Ltd. (Registered number: 02004124)

Balance Sheet - continued
31 July 2023


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 director and authorised for issue on 27 January 2024 and were signed by:





C K Somerfield - Director


C.k.s. Precision Ltd. (Registered number: 02004124)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

C.k.s. Precision 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

C.k.s. Precision Ltd. (Registered number: 02004124)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 74,441 65,682 1,204 141,327
Disposals - (14,020 ) - (14,020 )
At 31 July 2023 74,441 51,662 1,204 127,307
DEPRECIATION
At 1 August 2022 64,427 20,970 1,204 86,601
Charge for year 2,003 10,914 - 12,917
Eliminated on disposal - (12,967 ) - (12,967 )
At 31 July 2023 66,430 18,917 1,204 86,551
NET BOOK VALUE
At 31 July 2023 8,011 32,745 - 40,756
At 31 July 2022 10,014 44,712 - 54,726

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1 August 2022
and 31 July 2023 67,300
DEPRECIATION
At 1 August 2022
and 31 July 2023 52,176
NET BOOK VALUE
At 31 July 2023 15,124
At 31 July 2022 15,124

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 716 233
Other debtors 1,785 1,415
2,501 1,648

C.k.s. Precision Ltd. (Registered number: 02004124)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 1,713 281
Taxation and social security 20 9,042
Other creditors 38,757 33,354
40,490 42,677