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REGISTERED NUMBER: 04353937 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

FINE LINE ENGINEERING LIMITED

FINE LINE ENGINEERING LIMITED (REGISTERED NUMBER: 04353937)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

FINE LINE ENGINEERING LIMITED

COMPANY INFORMATION
for the Year Ended 31st March 2024







DIRECTOR: Mr A J Ackerley





SECRETARY: Mrs C M B Ackerley





REGISTERED OFFICE: Wysteria Cottage Richmond Farm
Cockerham Road
Forton
LA2 0HE





REGISTERED NUMBER: 04353937 (England and Wales)





ACCOUNTANTS: Taylor, Robertson & Willett Ltd
95 King Street
Lancaster
Lancashire
LA1 1RH

FINE LINE ENGINEERING LIMITED (REGISTERED NUMBER: 04353937)

BALANCE SHEET
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,915 90,722

CURRENT ASSETS
Stocks 12,834 -
Debtors 5 70,560 132,774
Cash at bank 128,181 84,429
211,575 217,203
CREDITORS
Amounts falling due within one year 6 68,837 74,280
NET CURRENT ASSETS 142,738 142,923
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,653

233,645

CREDITORS
Amounts falling due after more than one year 7 (17,579 ) (27,717 )

PROVISIONS FOR LIABILITIES (15,184 ) (17,237 )
NET ASSETS 189,890 188,691

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 189,790 188,591
SHAREHOLDERS' FUNDS 189,890 188,691

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FINE LINE ENGINEERING LIMITED (REGISTERED NUMBER: 04353937)

BALANCE SHEET - continued
31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9th August 2024 and were signed by:





Mr A J Ackerley - Director


FINE LINE ENGINEERING LIMITED (REGISTERED NUMBER: 04353937)

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

1. STATUTORY INFORMATION

Fine Line 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.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

FINE LINE ENGINEERING LIMITED (REGISTERED NUMBER: 04353937)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023 78,478 103,846 4,294 186,618
Additions 2,250 50,299 - 52,549
Disposals - (51,851 ) - (51,851 )
At 31st March 2024 80,728 102,294 4,294 187,316
DEPRECIATION
At 1st April 2023 68,765 24,624 2,507 95,896
Charge for year 1,738 10,257 590 12,585
Eliminated on disposal - (1,080 ) - (1,080 )
At 31st March 2024 70,503 33,801 3,097 107,401
NET BOOK VALUE
At 31st March 2024 10,225 68,493 1,197 79,915
At 31st March 2023 9,713 79,222 1,787 90,722

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 65,952 130,570
Other debtors 4,608 2,204
70,560 132,774

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,784 10,784
Taxation and social security 48,724 54,315
Other creditors 9,329 9,181
68,837 74,280

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 17,579 27,717

FINE LINE ENGINEERING LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
FINE LINE ENGINEERING LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Our report is prepared solely for the confidential use of the directors and should not be relied upon by any third party without prior reference to ourselves.






Taylor, Robertson & Willett Ltd
95 King Street
Lancaster
Lancashire
LA1 1RH


9th August 2024