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FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

A1 PRECISION ENGINEERING (2015) LTD

A1 PRECISION ENGINEERING (2015) LTD (REGISTERED NUMBER: 09524508)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A1 PRECISION ENGINEERING (2015) LTD

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: Mr P D Leverick



SECRETARY: Mrs J Baldry



REGISTERED OFFICE: Unit 1 Eden Close
Hellaby
Rotherham
South Yorkshire
S66 8RW



REGISTERED NUMBER: 09524508 (England and Wales)



SENIOR STATUTORY AUDITOR: Mr James Timothy Card FCCA



AUDITORS: Hewitt Card Limited
Statutory Auditors
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN

A1 PRECISION ENGINEERING (2015) LTD (REGISTERED NUMBER: 09524508)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 434,177 123,813

CURRENT ASSETS
Debtors 5 105,171 112,767
Cash at bank and in hand 406,534 161,235
511,705 274,002
CREDITORS
Amounts falling due within one year 6 491,687 57,213
NET CURRENT ASSETS 20,018 216,789
TOTAL ASSETS LESS CURRENT LIABILITIES 454,195 340,602

PROVISIONS FOR LIABILITIES 26,471 25,984
NET ASSETS 427,724 314,618

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 427,620 314,514
427,724 314,618

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 21 March 2024 and were signed by:





Mr P D Leverick - Director


A1 PRECISION ENGINEERING (2015) LTD (REGISTERED NUMBER: 09524508)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

A1 Precision Engineering (2015) 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Plant and machinery etc - 15% on reducing balance and Straight line over 3-10 years

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 7 (2022 - 7 ) .

A1 PRECISION ENGINEERING (2015) LTD (REGISTERED NUMBER: 09524508)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
Property machinery
improvements etc Totals
£    £    £   
COST
At 1 January 2023 - 261,398 261,398
Additions 311,995 17,849 329,844
Disposals - (2,562 ) (2,562 )
At 31 December 2023 311,995 276,685 588,680
DEPRECIATION
At 1 January 2023 - 137,585 137,585
Charge for year - 19,480 19,480
Eliminated on disposal - (2,562 ) (2,562 )
At 31 December 2023 - 154,503 154,503
NET BOOK VALUE
At 31 December 2023 311,995 122,182 434,177
At 31 December 2022 - 123,813 123,813

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 12,394 11,880
Amounts owed by group undertakings - 84,363
Other debtors 92,777 16,524
105,171 112,767

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 9,284 11,709
Amounts owed to group undertakings 414,157 -
Taxation and social security 39,009 37,113
Other creditors 29,237 8,391
491,687 57,213

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 175,492 22,250
Between one and five years 166,935 5,562
In more than five years 187,802 -
530,229 27,812

A1 PRECISION ENGINEERING (2015) LTD (REGISTERED NUMBER: 09524508)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr James Timothy Card FCCA (Senior Statutory Auditor)
for and on behalf of Hewitt Card Limited

9. ULTIMATE PARENT COMPANY

The company's ultimate parent company is Tembogroup B.V. The ultimate parent company's address is :
Constructieweg 45, 8263 BC Kampen, Netherlands.