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REGISTERED NUMBER: 05907979 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Enginuity Precision Ltd

Enginuity Precision Ltd (Registered number: 05907979)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Enginuity Precision Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: J D Fuller
Mrs T K Fuller





REGISTERED OFFICE: 41 Clifford Road
Poynton
Stockport
Cheshire
SK12 1HY





REGISTERED NUMBER: 05907979 (England and Wales)





ACCOUNTANTS: Nolan James Ltd
Chartered Accountants
Suite 1 Armcon Business Park
London Road South
Poynton
Stockport
Cheshire
SK12 1LQ

Enginuity Precision Ltd (Registered number: 05907979)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,395 1,555

CURRENT ASSETS
Debtors 5 3,005 3,608
Cash at bank 42,874 8,479
45,879 12,087
CREDITORS
Amounts falling due within one year 6 36,793 12,035
NET CURRENT ASSETS 9,086 52
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,481

1,607

CAPITAL AND RESERVES
Called up share capital 1,600 1,600
Retained earnings 9,881 7
11,481 1,607

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:





J D Fuller - Director


Enginuity Precision Ltd (Registered number: 05907979)

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

1. STATUTORY INFORMATION

Enginuity Precision Ltd 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 etc - 25% on reducing balance

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.

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 1 (2023 - 1 ) .

Enginuity Precision Ltd (Registered number: 05907979)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 19,027
Additions 1,638
At 31 August 2024 20,665
DEPRECIATION
At 1 September 2023 17,472
Charge for year 798
At 31 August 2024 18,270
NET BOOK VALUE
At 31 August 2024 2,395
At 31 August 2023 1,555

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 2,405 2,566
Other debtors 600 1,042
3,005 3,608

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 35,882 11,628
Other creditors 911 407
36,793 12,035

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.8.24 31.8.23
£    £   
J D Fuller
Balance outstanding at start of year 442 -
Amounts advanced - 442
Amounts repaid (442 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 442