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REGISTERED NUMBER: 00410428 (England and Wales)














Financial Statements for the Year Ended 31 March 2024

for

Colpa Precision Engineering Ltd

Colpa Precision Engineering Ltd (Registered number: 00410428)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Colpa Precision Engineering Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr D Fry
Mr S G Low
Mrs R E Hemmant





SECRETARY: Mr D Fry





REGISTERED OFFICE: 1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP





REGISTERED NUMBER: 00410428 (England and Wales)





ACCOUNTANTS: Farrell & Co
1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP

Colpa Precision Engineering Ltd (Registered number: 00410428)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 251,379 134,243
251,379 134,243

CURRENT ASSETS
Stocks 6 56,468 67,254
Debtors 7 194,869 161,783
Cash at bank 209,773 189,790
461,110 418,827
CREDITORS
Amounts falling due within one year 8 326,550 277,792
NET CURRENT ASSETS 134,560 141,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

385,939

275,278

CREDITORS
Amounts falling due after more than one
year

9

(109,994

)

(35,808

)

PROVISIONS FOR LIABILITIES (47,753 ) (25,098 )
NET ASSETS 228,192 214,372

CAPITAL AND RESERVES
Called up share capital 10 600 600
Retained earnings 11 227,592 213,772
SHAREHOLDERS' FUNDS 228,192 214,372

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.

Colpa Precision Engineering Ltd (Registered number: 00410428)

Balance Sheet - continued
31 March 2024


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 7 August 2024 and were signed on its behalf by:





Mr S G Low - Director


Colpa Precision Engineering Ltd (Registered number: 00410428)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Colpa Precision Engineering 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - over the term of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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 11 (2023 - 9 ) .

Colpa Precision Engineering Ltd (Registered number: 00410428)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023
and 31 March 2024 10,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 1,930 1,148,999 25,589 18,070 1,194,588
Additions - 200,920 - - 200,920
Disposals - (90,000 ) - - (90,000 )
At 31 March 2024 1,930 1,259,919 25,589 18,070 1,305,508
DEPRECIATION
At 1 April 2023 1,118 1,017,805 24,998 16,424 1,060,345
Charge for year 36 82,975 148 411 83,570
Eliminated on disposal - (89,786 ) - - (89,786 )
At 31 March 2024 1,154 1,010,994 25,146 16,835 1,054,129
NET BOOK VALUE
At 31 March 2024 776 248,925 443 1,235 251,379
At 31 March 2023 812 131,194 591 1,646 134,243

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 56,468 67,254

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 141,590 159,899
Other debtors 53,279 1,884
194,869 161,783

Colpa Precision Engineering Ltd (Registered number: 00410428)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 137,451 139,912
Hire purchase contracts 54,177 31,876
Trade creditors 76,088 54,187
Taxation and social security 51,901 44,038
Other creditors 6,933 7,779
326,550 277,792

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,355 32,350
Hire purchase contracts 97,639 3,458
109,994 35,808

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
600 Ordinary £1 600 600

11. RESERVES
Retained
earnings
£   

At 1 April 2023 213,772
Profit for the year 15,820
Dividends (2,000 )
At 31 March 2024 227,592