KDU Precision Engineering Limited 10486824 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is other engineering activities Digita Accounts Production Advanced 6.30.9574.0 true 10486824 2023-01-01 2023-12-31 10486824 2023-12-31 10486824 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 10486824 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 10486824 bus:Micro-entities 2023-01-01 2023-12-31 10486824 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10486824 bus:FullAccounts 2023-01-01 2023-12-31 10486824 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10486824 bus:RegisteredOffice 2023-01-01 2023-12-31 10486824 bus:Director2 2023-01-01 2023-12-31 10486824 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10486824 countries:England 2023-01-01 2023-12-31 10486824 2022-01-01 2022-12-31 10486824 2022-12-31 10486824 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 10486824 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 10486824

KDU Precision Engineering Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

KDU Precision Engineering Limited

Contents

Profit and Loss Account

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

2

Detailed Profit and Loss Account

4 to 5

 

KDU Precision Engineering Limited

Profit and Loss Account for the Year Ended 31 December 2023

2023
£

2022
£

Turnover

161,169

104,742

Cost of raw materials and consumables

(44,182)

(16,835)

Staff costs

(52,533)

(52,291)

Depreciation and other amounts written off assets

(14,000)

(14,000)

Other charges

(34,481)

(34,342)

Profit/(loss) for the year

15,973

(12,726)

 

KDU Precision Engineering Limited

(Registration number: 10486824)
Balance Sheet as at 31 December 2023

2023
£

(As restated)

2022
£

Fixed assets

-

14,000

Current assets

47,089

27,299

Prepayments and accrued income

3,325

3,278

Creditors: Amounts falling due within one year

(52,495)

(46,196)

Net current liabilities

(2,081)

(15,619)

Total assets less current liabilities

(2,081)

(1,619)

Creditors: Amounts falling due after more than one year

(14,408)

(28,873)

Accruals and deferred income

(630)

(600)

 

(17,119)

(31,092)

Capital and reserves

(17,119)

(31,092)

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 2 Beaumont Court
Prince William Road
Loughborough
Leicestershire
LE11 5DA
England

These financial statements were authorised for issue by the Board on 20 September 2024.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

 

KDU Precision Engineering Limited

(Registration number: 10486824)
Balance Sheet as at 31 December 2023

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 20 September 2024 and signed on its behalf by:
 

.........................................
David Unsworth
Director

 

KDU Precision Engineering Limited

Detailed Profit and Loss Account for the Year Ended 31 December 2023

2023
£

2022
£

Turnover (analysed below)

161,169

104,742

Cost of sales (analysed below)

(96,715)

(69,126)

Gross profit

64,454

35,616

Gross profit (%)

39.99%

34%

Administrative expenses

Establishment costs (analysed below)

(26,018)

(23,418)

General administrative expenses (analysed below)

(6,202)

(8,637)

Finance charges (analysed below)

(94)

(110)

Depreciation costs (analysed below)

(14,000)

(14,000)

(46,314)

(46,165)

Operating profit/(loss)

18,140

(10,549)

Interest payable and similar expenses (analysed below)

(2,167)

(2,177)

Profit/(loss) before tax

15,973

(12,726)

 

KDU Precision Engineering Limited

Detailed Profit and Loss Account for the Year Ended 31 December 2023

2023
£

2022
£

   

Turnover

Sale of goods, UK

161,169

104,742

   

Cost of sales

Purchases

(44,182)

(16,835)

Directors remuneration

(52,533)

(52,291)

(96,715)

(69,126)

   

Establishment costs

Rent

(10,500)

(10,500)

Rates

(334)

(327)

Light, heat and power

(6,086)

(6,403)

Insurance

(1,635)

(1,531)

Tools and equipment

(5,345)

(2,768)

Equipment repairs and renewals

(2,118)

(1,889)

(26,018)

(23,418)

   

General administrative expenses

Telephone and fax

(592)

(523)

Office expenses

(831)

(720)

Printing, postage and stationery

(113)

(298)

Lease of motor vehicles (Operating leases)

-

(1,853)

Sundry expenses

-

(1)

Motor expenses

(2,598)

(3,362)

Advertising

(12)

-

Accountancy fees

(2,030)

(1,880)

Legal and professional fees

(26)

-

(6,202)

(8,637)

   

Finance charges

Bank charges

(94)

(110)

   

Depreciation costs

Depreciation of other tangible (owned)

(14,000)

(14,000)

   

Interest payable and similar expenses

Bank loan interest payable

(568)

(578)

Hire purchase interest

(1,595)

(1,595)

Other interest payable

(4)

(4)

(2,167)

(2,177)