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REGISTERED NUMBER: 05319562 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Moss Precision Engineering Ltd

Moss Precision Engineering Ltd (Registered number: 05319562)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Moss Precision Engineering Ltd (Registered number: 05319562)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,846 36,673

CURRENT ASSETS
Debtors 5 35,885 19,535
Cash at bank 3,761 14,906
39,646 34,441
CREDITORS
Amounts falling due within one year 6 13,379 18,436
NET CURRENT ASSETS 26,267 16,005
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,113

52,678

PROVISIONS FOR LIABILITIES 5,184 6,491
NET ASSETS 49,929 46,187

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 49,829 46,087
49,929 46,187

Moss Precision Engineering Ltd (Registered number: 05319562)

Balance Sheet - continued
31 January 2024


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 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.

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 14 October 2024 and were signed by:





C Moss - Director


Moss Precision Engineering Ltd (Registered number: 05319562)

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

1. STATUTORY INFORMATION

Moss Precision Engineering Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05319562

Registered office: Unit B2
The Sidings Industrial Estate
Tebay
Penrith
Cumbria
CA10 3XR

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 etc - 33% on cost, 20% on cost and 10% on cost

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.

Moss Precision Engineering Ltd (Registered number: 05319562)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 348,731 12,044 29,485 14,193 404,453
Additions 1,547 - - - 1,547
At 31 January 2024 350,278 12,044 29,485 14,193 406,000
DEPRECIATION
At 1 February 2023 324,987 1,204 28,484 13,105 367,780
Charge for year 6,993 1,204 334 843 9,374
At 31 January 2024 331,980 2,408 28,818 13,948 377,154
NET BOOK VALUE
At 31 January 2024 18,298 9,636 667 245 28,846
At 31 January 2023 23,744 10,840 1,001 1,088 36,673

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 7,468 14,671
Other debtors 28,417 4,864
35,885 19,535

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 584 4,107
Taxation and social security 10,797 12,331
Other creditors 1,998 1,998
13,379 18,436

Moss Precision Engineering Ltd (Registered number: 05319562)

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

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
C Moss
Balance outstanding at start of year 4,252 3,156
Amounts advanced 59,102 46,801
Amounts repaid (35,596 ) (45,705 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,758 4,252