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REGISTERED NUMBER: 05602508 (England and Wales)















John Andrews Precision Engineering
Limited

Unaudited Financial Statements For The Year Ended 31 July 2024






John Andrews Precision Engineering
Limited (Registered number: 05602508)






Contents of the Financial Statements
For The Year Ended 31 July 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


John Andrews Precision Engineering
Limited

Company Information
For The Year Ended 31 July 2024







DIRECTORS: D J Wilkinson
S A Wilkinson





SECRETARY: D Wilkinson





REGISTERED OFFICE: C/O Kingswood Allotts Limited
Sidings Court
Lakeside
Doncaster
DN4 5NU





REGISTERED NUMBER: 05602508 (England and Wales)





ACCOUNTANTS: Kingswood Allotts Limited
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

John Andrews Precision Engineering
Limited (Registered number: 05602508)

Abridged Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 72,851 105,150
72,851 105,150

CURRENT ASSETS
Stocks 75,978 58,083
Debtors 165,365 255,585
Cash at bank and in hand 234,544 213,790
475,887 527,458
CREDITORS
Amounts falling due within one year 183,396 128,547
NET CURRENT ASSETS 292,491 398,911
TOTAL ASSETS LESS CURRENT LIABILITIES 365,342 504,061

PROVISIONS FOR LIABILITIES 18,212 19,979
NET ASSETS 347,130 484,082

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 346,830 483,782
SHAREHOLDERS' FUNDS 347,130 484,082

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

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

John Andrews Precision Engineering
Limited (Registered number: 05602508)

Abridged Balance Sheet - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





S A Wilkinson - Director


John Andrews Precision Engineering
Limited (Registered number: 05602508)

Notes to the Financial Statements
For The Year Ended 31 July 2024

1. STATUTORY INFORMATION

John Andrews Precision Engineering 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 represents net invoiced sales of goods, excluding value added tax, and the value of work done for which the company has earned the right to consideration in exchange for performance, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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

Work in progress is valued on the basis of selling price for the element of work completed at the year end.

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.

John Andrews Precision Engineering
Limited (Registered number: 05602508)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company provides contributions towards the personal pensions of two directors. These amounts have been charged to the profit and loss account.

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 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 July 2024 450,000
AMORTISATION
At 1 August 2023
and 31 July 2024 450,000
NET BOOK VALUE

At 31 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 537,200
Additions 23,269
Disposals (13,490 )
At 31 July 2024 546,979
DEPRECIATION
At 1 August 2023 432,050
Charge for year 55,568
Eliminated on disposal (13,490 )
At 31 July 2024 474,128
NET BOOK VALUE
At 31 July 2024 72,851
At 31 July 2023 105,150

John Andrews Precision Engineering
Limited (Registered number: 05602508)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
D J Wilkinson
Balance outstanding at start of year 34,364 (16,250 )
Amounts advanced - 130,614
Amounts repaid (34,364 ) (80,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 34,364

S A Wilkinson
Balance outstanding at start of year 36,573 (14,059 )
Amounts advanced - 130,632
Amounts repaid (36,573 ) (80,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 36,573