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REGISTERED NUMBER: 04397932 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

H U M PRECISION ENGINEERING LIMITED

H U M PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 04397932)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


H U M PRECISION ENGINEERING LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: D M Hughes
S Singh





REGISTERED OFFICE: Unit 4 Bayton Way
Bayton Road Ind Estate
Exhall
Coventry
West Midlands
CV7 9ER





REGISTERED NUMBER: 04397932 (England and Wales)





ACCOUNTANTS: SFB Group Limited
Chartered Accountants
Manor Court Chambers
Townsend Drive
Nuneaton
Warwickshire
CV11 6RU

H U M PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 04397932)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 119,903 132,438

CURRENT ASSETS
Stocks 8,000 5,500
Debtors 5 495,079 207,355
Cash at bank and in hand 119,878 99,598
622,957 312,453
CREDITORS
Amounts falling due within one year 6 183,500 166,987
NET CURRENT ASSETS 439,457 145,466
TOTAL ASSETS LESS CURRENT LIABILITIES 559,360 277,904

PROVISIONS FOR LIABILITIES 29,059 31,990
NET ASSETS 530,301 245,914

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 530,271 245,884
SHAREHOLDERS' FUNDS 530,301 245,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:




S Singh - Director



D M Hughes - Director


H U M PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 04397932)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

H U M 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 25% on cost, 15% on reducing balance and 10% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 10 (2023 - 12 ) .

H U M PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 04397932)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 531,134
Additions 3,001
At 31 March 2024 534,135
DEPRECIATION
At 1 April 2023 398,696
Charge for year 15,536
At 31 March 2024 414,232
NET BOOK VALUE
At 31 March 2024 119,903
At 31 March 2023 132,438

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 77,296
NET BOOK VALUE
At 31 March 2024 77,296
At 31 March 2023 77,296

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 242,814 185,305
Other debtors 252,265 22,050
495,079 207,355

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 21,353 38,493
Taxation and social security 160,847 88,923
Other creditors 1,300 39,571
183,500 166,987

H U M PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 04397932)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
S Harrison
Balance outstanding at start of year 8,931 -
Amounts advanced 75,461 8,931
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 84,392 8,931

P R Upton
Balance outstanding at start of year 4,234 -
Amounts advanced 77,880 4,234
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 82,114 4,234

M J McKenzie
Balance outstanding at start of year 5,652 -
Amounts advanced 77,083 5,652
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 82,735 5,652