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REGISTERED NUMBER: 05052241 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Kasl Precision Machining (Washington)
Limited

Kasl Precision Machining (Washington)
Limited (Registered number: 05052241)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kasl Precision Machining (Washington)
Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M S Styan





REGISTERED OFFICE: Industrial Unit
2 Parsons Road
Washington
Tyne and Wear
NE37 1HB





REGISTERED NUMBER: 05052241 (England and Wales)





ACCOUNTANTS: Wasley Chapman LLP
Chartered Accountants
7 Eggleston Court
Riverside Park
Middlesbrough
TS2 1RU

Kasl Precision Machining (Washington)
Limited (Registered number: 05052241)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 373,568 439,002

CURRENT ASSETS
Stocks 50,023 200,007
Debtors 5 1,075,394 1,237,243
Cash at bank and in hand 25,485 59,128
1,150,902 1,496,378
CREDITORS
Amounts falling due within one year 6 526,288 579,158
NET CURRENT ASSETS 624,614 917,220
TOTAL ASSETS LESS CURRENT
LIABILITIES

998,182

1,356,222

CREDITORS
Amounts falling due after more than one
year

7

(398,058

)

(556,250

)

PROVISIONS FOR LIABILITIES (64,449 ) (57,234 )
NET ASSETS 535,675 742,738

CAPITAL AND RESERVES
Called up share capital 350,102 350,102
Retained earnings 185,573 392,636
535,675 742,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Kasl Precision Machining (Washington)
Limited (Registered number: 05052241)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 23 October 2024 and were signed by:





M S Styan - Director


Kasl Precision Machining (Washington)
Limited (Registered number: 05052241)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Kasl Precision Machining (Washington) 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.

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

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.

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 20 (2022 - 20 ) .

Kasl Precision Machining (Washington)
Limited (Registered number: 05052241)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 5,230 1,162,189 1,167,419
Additions - 651 651
At 31 December 2023 5,230 1,162,840 1,168,070
DEPRECIATION
At 1 January 2023 5,230 723,187 728,417
Charge for year - 66,085 66,085
At 31 December 2023 5,230 789,272 794,502
NET BOOK VALUE
At 31 December 2023 - 373,568 373,568
At 31 December 2022 - 439,002 439,002

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 306,994 436,089
Other debtors 768,400 801,154
1,075,394 1,237,243

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 282,375 360,845
Taxation and social security 134,058 69,794
Other creditors 109,855 148,519
526,288 579,158

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 398,058 556,250