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REGISTERED NUMBER: 11717742 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Hymec Precision Engineering Limited

Hymec Precision Engineering Limited (Registered number: 11717742)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hymec Precision Engineering Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: F K Williams
Mrs A Popplestone
A Cackett
J S G Wilson-Hill





REGISTERED OFFICE: 191 Plymbridge Road
Estover
Plymouth
Devon
PL6 7JS





REGISTERED NUMBER: 11717742 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
SE19 3RW

Hymec Precision Engineering Limited (Registered number: 11717742)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 149,201 37,659
Investments 5 110,000 110,000
259,201 147,659

CURRENT ASSETS
Debtors 6 187,255 245,381
Cash at bank 195 2,505
187,450 247,886
CREDITORS
Amounts falling due within one year 7 (206,431 ) (262,705 )
NET CURRENT LIABILITIES (18,981 ) (14,819 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

240,220

132,840

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 240,120 132,740
SHAREHOLDERS' FUNDS 240,220 132,840

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.

Hymec Precision Engineering Limited (Registered number: 11717742)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 22 February 2024 and were signed on its behalf by:





F K Williams - Director


Hymec Precision Engineering Limited (Registered number: 11717742)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Hymec 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Fixed asset investments
Unlisted investments are recognised at cost less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 86 (2022 - 62 ) .

Hymec Precision Engineering Limited (Registered number: 11717742)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 42,490
Additions 124,545
At 30 June 2023 167,035
DEPRECIATION
At 1 July 2022 4,831
Charge for year 13,003
At 30 June 2023 17,834
NET BOOK VALUE
At 30 June 2023 149,201
At 30 June 2022 37,659

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2022
and 30 June 2023 110,000
NET BOOK VALUE
At 30 June 2023 110,000
At 30 June 2022 110,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 173,111 245,281
Other debtors 14,144 100
187,255 245,381

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 7,870 -
Taxation and social security 188,052 206,205
Other creditors 10,509 56,500
206,431 262,705

Hymec Precision Engineering Limited (Registered number: 11717742)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Share capital 1 100 100 100