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Registered number: 4815509

AC Precision Engineering Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023

Prepared By:
Apple Tree Accountancy Ltd
Fox Fold House
East Hanney
Wantage
Oxon.
OX12 0HS

AC Precision Engineering Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
DIRECTORS
Mr A Cunnington
REGISTERED OFFICE
9 Regal Way
Faringdon
Oxfordshire
OX7 7BX
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 4815509
ACCOUNTANTS
Apple Tree Accountancy Ltd
Fox Fold House
East Hanney
Wantage
Oxon.
OX12 0HS

AC Precision Engineering Ltd

ACCOUNTS
FOR THEYEARENDED30/06/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

AC Precision Engineering Ltd

BALANCE SHEET AT 30/06/2023
20232022
Notes££
FIXED ASSETS
Tangible assets31,313,3931,458,159
CURRENT ASSETS
Stock4,1003,750
Debtors5163,800175,694
Cash at bank and in hand77,259126,632
245,159306,076
CREDITORS: Amounts falling due within one year6349,084362,790
NET CURRENT LIABILITIES(103,925)(56,714)
TOTAL ASSETS LESS CURRENT LIABILITIES1,209,4681,401,445
CREDITORS: Amounts falling due after more than one year7464,522658,546
PROVISIONS FOR LIABILITIES AND CHARGES8218,097163,935
NET ASSETS526,849578,964
CAPITAL AND RESERVES
Called up share capital911
Revaluation reserve1e,10153,923153,923
Profit and loss account372,925425,040
SHAREHOLDERS' FUNDS526,849578,964
For the year ending 30/06/2023 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 20/03/2024 and signed on their behalf by
.............................
Mr A Cunnington
Director

AC Precision Engineering Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 5%
Plant and Machineryreducing balance 25 or 12%
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 10).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.

AC Precision Engineering Ltd

2. EMPLOYEES
20232022
No.No.
Average number of employees1415
3. TANGIBLE FIXED ASSETS
Land AndPlant andCommercial
BuildingsMachineryVehiclesEquipmentTotal
£££££
Cost
At 01/07/2022553,0002,375,20520,77221,0402,970,017
Additions-1,500-4,9126,412
At 30/06/2023553,0002,376,70520,77225,9522,976,429
Depreciation
At 01/07/202284,0001,406,8905,19315,7751,511,858
For the year28,000116,7403,8942,544151,178
At 30/06/2023112,0001,523,6309,08718,3191,663,036
Net Book Amounts
At 30/06/2023441,000853,07511,6857,6331,313,393
At 30/06/2022469,000968,31515,5795,2651,458,159
4. STOCK 20232022
££
Stock comprises:
Work in progress4,1003,750
4,1003,750
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors152,627166,694
Prepayments11,1739,000
163,800175,694

AC Precision Engineering Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax16,3763
VAT57,03558,543
PAYE control17,60914,961
Directors current account3232
Bank Loan10,00010,000
Mortgage14,88614,239
Hire purchase169,138169,138
Trade creditors53,37480,146
Pension schemes2,1842,705
Accruals8,45013,023
349,084362,790
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (secured) >1yr313,971338,858
Hire purchase >1yr150,551319,688
464,522658,546
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation218,097163,935
218,097163,935
9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11

AC Precision Engineering Ltd

10. REVALUATION RESERVE 20232022
££
Revaluation reserve153,923153,923
153,923153,923
11. CONTROLLING PARTY
The company was controlled throughout this and the prior year by the director, Mr A Cunnington, as a result of his holding of 100% of the issued share capital.