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REGISTERED NUMBER: 00864487 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Allenfield Precision Engineering Limited

Allenfield Precision Engineering Limited (Registered number: 00864487)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Allenfield Precision Engineering Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs J J Davies
S Merrifield
J Merrifield





SECRETARY: Mrs J J Davies





REGISTERED OFFICE: Rich's Sidings
The Broadway
Didcot
Oxfordshire
OX11 8AG





REGISTERED NUMBER: 00864487 (England and Wales)





ACCOUNTANTS: Aspen Waite South Ltd
Boston House
Grove Business Park
Wantage
Oxfordshire
OX12 9FF

Allenfield Precision Engineering Limited (Registered number: 00864487)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 656 1,036

CURRENT ASSETS
Stocks 2,700 2,700
Debtors 5 75,653 55,178
Cash at bank and in hand 206,576 185,016
284,929 242,894
CREDITORS
Amounts falling due within one year 6 61,540 46,239
NET CURRENT ASSETS 223,389 196,655
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,045

197,691

PROVISIONS FOR LIABILITIES 134 438
NET ASSETS 223,911 197,253

CAPITAL AND RESERVES
Called up share capital 8 750 750
Capital redemption reserve 250 250
Retained earnings 222,911 196,253
SHAREHOLDERS' FUNDS 223,911 197,253

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Allenfield Precision Engineering Limited (Registered number: 00864487)

Balance Sheet - continued
30 November 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 4 April 2024 and were signed on its behalf by:





Mrs J J Davies - Director


Allenfield Precision Engineering Limited (Registered number: 00864487)

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

1. STATUTORY INFORMATION

Allenfield 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.
Short leasehold - 8% straight line
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% straight line

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

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.

Allenfield Precision Engineering Limited (Registered number: 00864487)

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

2. ACCOUNTING POLICIES - continued

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 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022
and 30 November 2023 16,671 125,017 2,000 2,763 146,451
DEPRECIATION
At 1 December 2022 16,671 124,344 1,887 2,513 145,415
Charge for year - 101 29 250 380
At 30 November 2023 16,671 124,445 1,916 2,763 145,795
NET BOOK VALUE
At 30 November 2023 - 572 84 - 656
At 30 November 2022 - 673 113 250 1,036

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 69,863 52,737
Other debtors 5,790 2,441
75,653 55,178

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 10,165 8,293
Taxation and social security 33,368 25,202
Other creditors 18,007 12,744
61,540 46,239

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.11.23 30.11.22
£    £   
Within one year 12,000 12,000
Between one and five years 40,000 48,000
In more than five years - 4,000
52,000 64,000

Allenfield Precision Engineering Limited (Registered number: 00864487)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
750 Ordinary £1 750 750