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REGISTERED NUMBER: 01221332 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

DICKER PRECISION COMPONENTS LIMITED

DICKER PRECISION COMPONENTS LIMITED (REGISTERED NUMBER: 01221332)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DICKER PRECISION COMPONENTS LIMITED

Company Information
for the year ended 30 April 2024







DIRECTOR: M A Love



REGISTERED OFFICE: Unit 51
Station Rd Industrial Estate
Hailsham
East Sussex
BN27 2ES



REGISTERED NUMBER: 01221332 (England and Wales)



ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB



BANKERS: HSBC Bank plc
1 Market Street
Hailsham
East Sussex
BN27 2AA

DICKER PRECISION COMPONENTS LIMITED (REGISTERED NUMBER: 01221332)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 690,200 439,643

CURRENT ASSETS
Stocks 5 44,043 65,584
Debtors 6 479,308 479,780
Cash at bank and in hand 101,193 231,187
624,544 776,551
CREDITORS
Amounts falling due within one year 7 (474,155 ) (565,658 )
NET CURRENT ASSETS 150,389 210,893
TOTAL ASSETS LESS CURRENT
LIABILITIES

840,589

650,536

CREDITORS
Amounts falling due after more than one
year

8

(238,269

)

(125,827

)

PROVISIONS FOR LIABILITIES 11 (161,551 ) (96,475 )
NET ASSETS 440,769 428,234

CAPITAL AND RESERVES
Called up share capital 12 100 100
Capital redemption reserve 50 50
Retained earnings 440,619 428,084
SHAREHOLDERS' FUNDS 440,769 428,234

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

DICKER PRECISION COMPONENTS LIMITED (REGISTERED NUMBER: 01221332)

Balance Sheet - continued
30 April 2024


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 A Love - Director


DICKER PRECISION COMPONENTS LIMITED (REGISTERED NUMBER: 01221332)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Dicker Precision Components 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is measured at the fair value of the consideration received or receivable net of VAT and trade discounts, and is recognised on despatch of product.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery - 10% on reducing balance or over length of lease
Fixtures and fittings -20% on reducing balance
Motor vehicles -25% on reducing balance
Computer equipment -33% on cost

Impairment policy

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Stocks
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the profit and loss account.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.


DICKER PRECISION COMPONENTS LIMITED (REGISTERED NUMBER: 01221332)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid, the company has no further payment obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

Government assistance
Included in bank loans is a Coronavirus Business Interruption Loan (CBIL) which is guaranteed by the government. As part of the CBIL scheme, the government agrees to pay the first year of interest on the loan.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

DICKER PRECISION COMPONENTS LIMITED (REGISTERED NUMBER: 01221332)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 May 2023 - 2,407,942 12,850
Additions 11,880 320,221 308
At 30 April 2024 11,880 2,728,163 13,158
DEPRECIATION
At 1 May 2023 - 2,001,331 11,998
Charge for year - 73,070 232
At 30 April 2024 - 2,074,401 12,230
NET BOOK VALUE
At 30 April 2024 11,880 653,762 928
At 30 April 2023 - 406,611 852

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 68,492 31,432 2,520,716
Additions - 965 333,374
At 30 April 2024 68,492 32,397 2,854,090
DEPRECIATION
At 1 May 2023 38,236 29,508 2,081,073
Charge for year 7,564 1,951 82,817
At 30 April 2024 45,800 31,459 2,163,890
NET BOOK VALUE
At 30 April 2024 22,692 938 690,200
At 30 April 2023 30,256 1,924 439,643

5. STOCKS
2024 2023
£    £   
Raw materials 6,508 6,235
Work in progress 19,838 42,099
Finished goods 12,894 12,817
Tooling 4,803 4,433
44,043 65,584

DICKER PRECISION COMPONENTS LIMITED (REGISTERED NUMBER: 01221332)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 410,285 452,294
Other debtors 69,023 27,486
479,308 479,780

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 233,566 299,623
Hire purchase contracts (see note 9) 63,849 21,628
Trade creditors 159,216 171,162
Taxation and social security 6,297 48,408
Other creditors 11,227 24,837
474,155 565,658

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 46,667
Hire purchase contracts (see note 9) 238,269 79,160
238,269 125,827

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 63,849 21,628
Between one and five years 238,269 79,160
302,118 100,788

Non-cancellable operating leases
2024 2023
£    £   
Within one year 82,325 64,039
Between one and five years 23,754 82,681
106,079 146,720

DICKER PRECISION COMPONENTS LIMITED (REGISTERED NUMBER: 01221332)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 221,822 279,623
Bank loans 11,744 66,667
233,566 346,290

These are secured by way of a fixed and floating charge over all assets.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 161,551 96,475

Deferred
tax
£   
Balance at 1 May 2023 96,475
Accelerated capital allowances 65,076
Balance at 30 April 2024 161,551

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
80 Ordinary A £1 80 80
20 Ordinary B £1 20 20
100 100