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REGISTERED NUMBER: 08952798 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

FCJ Precision Grinding Limited

FCJ Precision Grinding Limited (Registered number: 08952798)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FCJ Precision Grinding Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: T Johnson
Mrs R Salter





REGISTERED OFFICE: 2nd Floor
Kings House
202 Lower High Street
Watford
Hertfordshire
WD17 2EH





REGISTERED NUMBER: 08952798 (England and Wales)






FCJ Precision Grinding Limited (Registered number: 08952798)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,500 18,150
Tangible assets 5 63,511 11,335
80,011 29,485

CURRENT ASSETS
Debtors 6 35,688 47,964
Cash at bank and in hand 66,555 96,031
102,243 143,995
CREDITORS
Amounts falling due within one year 7 57,471 68,809
NET CURRENT ASSETS 44,772 75,186
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,783

104,671

CREDITORS
Amounts falling due after more than one
year

8

16,304

-
NET ASSETS 108,479 104,671

CAPITAL AND RESERVES
Called up share capital 9 300 300
Retained earnings 108,179 104,371
SHAREHOLDERS' FUNDS 108,479 104,671

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

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

FCJ Precision Grinding Limited (Registered number: 08952798)

Balance Sheet - continued
31 March 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:




Mrs R Salter - Director



T Johnson - Director


FCJ Precision Grinding Limited (Registered number: 08952798)

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

1. STATUTORY INFORMATION

FCJ Precision Grinding 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

FCJ Precision Grinding Limited (Registered number: 08952798)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 33,000
AMORTISATION
At 1 April 2023 14,850
Amortisation for year 1,650
At 31 March 2024 16,500
NET BOOK VALUE
At 31 March 2024 16,500
At 31 March 2023 18,150

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 35,677 173 3,007 38,857
Additions 72,897 - 450 73,347
At 31 March 2024 108,574 173 3,457 112,204
DEPRECIATION
At 1 April 2023 24,920 160 2,442 27,522
Charge for year 20,914 3 254 21,171
At 31 March 2024 45,834 163 2,696 48,693
NET BOOK VALUE
At 31 March 2024 62,740 10 761 63,511
At 31 March 2023 10,757 13 565 11,335

FCJ Precision Grinding Limited (Registered number: 08952798)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 27,950
At 31 March 2024 27,950
DEPRECIATION
Charge for year 6,988
At 31 March 2024 6,988
NET BOOK VALUE
At 31 March 2024 20,962

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 35,688 47,964

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 23,639 33,603
Hire purchase contracts 5,590 -
Trade creditors 5,003 798
Taxation and social security 20,267 32,549
Other creditors 2,972 1,859
57,471 68,809

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 16,304 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
300 Ordinary £1 300 300