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REGISTERED NUMBER: 07507291 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2024

for

A J D Precision (Sheet Metal)
Engineering Limited

A J D Precision (Sheet Metal)
Engineering Limited (Registered number: 07507291)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A J D Precision (Sheet Metal)
Engineering Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: L M Hicks
T Gardiner





SECRETARY: L M Hicks





REGISTERED OFFICE: Suite 15
The Enterprise Center
Coxbridge Business Park
Farnham
Surrey
GU10 5EH





REGISTERED NUMBER: 07507291 (England and Wales)





ACCOUNTANTS: Gilroy & Brookes Accountants Limited
Suite 15
The Enterprise Centre
Coxbridge Business Park
Farnham
Surrey
GU10 5EH

A J D Precision (Sheet Metal)
Engineering Limited (Registered number: 07507291)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 87,166 41,598
87,166 41,598

CURRENT ASSETS
Stocks 6 34,500 18,500
Debtors 7 163,388 120,114
Cash at bank - 14,402
197,888 153,016
CREDITORS
Amounts falling due within one year 8 (92,593 ) (76,495 )
NET CURRENT ASSETS 105,295 76,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

192,461

118,119

CREDITORS
Amounts falling due after more than one year 9 (101,224 ) (67,938 )

PROVISIONS FOR LIABILITIES 11 (16,275 ) (7,792 )
NET ASSETS 74,962 42,389

CAPITAL AND RESERVES
Called up share capital 12 2 2
Retained earnings 74,960 42,387
SHAREHOLDERS' FUNDS 74,962 42,389

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

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

A J D Precision (Sheet Metal)
Engineering Limited (Registered number: 07507291)

Balance Sheet - continued
31 January 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 5 August 2024 and were signed on its behalf by:





L M Hicks - Director


A J D Precision (Sheet Metal)
Engineering Limited (Registered number: 07507291)

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

1. STATUTORY INFORMATION

A J D Precision (Sheet Metal) 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.

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 2012, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

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.


A J D Precision (Sheet Metal)
Engineering Limited (Registered number: 07507291)

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

2. ACCOUNTING POLICIES - continued
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 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 124,000
AMORTISATION
At 1 February 2023
and 31 January 2024 124,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

A J D Precision (Sheet Metal)
Engineering Limited (Registered number: 07507291)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 105,903 3,263 32,132 2,864 144,162
Additions 74,622 - - - 74,622
At 31 January 2024 180,525 3,263 32,132 2,864 218,784
DEPRECIATION
At 1 February 2023 88,892 2,949 8,033 2,690 102,564
Charge for year 22,908 78 6,025 43 29,054
At 31 January 2024 111,800 3,027 14,058 2,733 131,618
NET BOOK VALUE
At 31 January 2024 68,725 236 18,074 131 87,166
At 31 January 2023 17,011 314 24,099 174 41,598

6. STOCKS
2024 2023
£    £   
Stocks 6,500 2,500
Work-in-progress 28,000 16,000
34,500 18,500

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 117,939 113,114
Accrued income 10,358 -
VAT 247 -
128,544 113,114

Amounts falling due after more than one year:
Rent Deposit 7,000 7,000
SLH Surface Finishing Ltd 27,844 -
34,844 7,000

Aggregate amounts 163,388 120,114

A J D Precision (Sheet Metal)
Engineering Limited (Registered number: 07507291)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 666 -
Hire purchase contracts 28,041 10,302
Trade creditors 34,852 37,283
Tax 17,431 7,136
PAYE & NI 5,999 9,904
Pension liability payable - 543
VAT - 6,437
Credit card 3,771 -
Directors' current accounts 323 3,257
Accruals and deferred income 1,510 1,633
92,593 76,495

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 10) 35,185 40,741
Hire purchase contracts 66,039 27,197
101,224 67,938

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 666 -

Amounts falling due between one and two years:
Loan under BBL 35,185 40,741

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 16,275 7,792

A J D Precision (Sheet Metal)
Engineering Limited (Registered number: 07507291)

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

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2023 7,792
Provided during year 8,483
Balance at 31 January 2024 16,275

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

13. ULTIMATE CONTROLLING PARTY

The company is under the control of L M Hicks and T Gardiner who are the directors and equal shareholders of the company.