BOYCE PRECISION ENGINEERING LTD

Company Registration Number:
NI061898 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

BOYCE PRECISION ENGINEERING LTD

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

BOYCE PRECISION ENGINEERING LTD

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 3,258,962 3,475,631
Investments: 4 465,550 465,550
Total fixed assets: 3,724,512 3,941,181
Current assets
Debtors: 5 2,016,998 1,742,547
Cash at bank and in hand: 3,517,779 3,009,610
Total current assets: 5,534,777 4,752,157
Creditors: amounts falling due within one year: 6 (957,706) (655,906)
Net current assets (liabilities): 4,577,071 4,096,251
Total assets less current liabilities: 8,301,583 8,037,432
Creditors: amounts falling due after more than one year: 7 (774,047) (1,110,592)
Total net assets (liabilities): 7,527,536 6,926,840
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 7,527,436 6,926,740
Shareholders funds: 7,527,536 6,926,840

The notes form part of these financial statements

BOYCE PRECISION ENGINEERING LTD

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 July 2024
and signed on behalf of the board by:

Name: B Perry
Status: Director

The notes form part of these financial statements

BOYCE PRECISION ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

BOYCE PRECISION ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 16 15

BOYCE PRECISION ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 4,932,994
Additions 54,231
At 30 November 2023 4,987,225
Depreciation
At 01 December 2022 1,457,363
Charge for year 270,900
At 30 November 2023 1,728,263
Net book value
At 30 November 2023 3,258,962
At 30 November 2022 3,475,631

BOYCE PRECISION ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Fixed investments

Investments Opening and closing balance £465,550

BOYCE PRECISION ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

BOYCE PRECISION ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

6. Creditors: amounts falling due within one year note

Creditors Due Within One Year 2023 2022 £ £ Trade creditors 238,742 223,131 Corporation tax 112,441 - Other taxation and social security 138,114 29,661 Hire purchase agreements 292,111 229,311 Other creditors 176,298 173,803 -------------- -------------- 957,706 655,906 ======= =======

BOYCE PRECISION ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

7. Creditors: amounts falling due after more than one year note

Creditors Due After One Year 2023 2022 £ £ Hire purchase agreements 393,467 814,977 Loans 24,265 34,914 Grants 356,315 260,701 ------------- ------------ 774,047 1,110,592 ====== ======

BOYCE PRECISION ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

8. Loans to directors

Name of director receiving advance or credit: Directors
Description of the loan: Advances
£
Balance at 01 December 2022 859,778
Advances or credits made: 201,449
Balance at 30 November 2023 1,061,227