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REGISTERED NUMBER: 08347158 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Reynolds Precision Ltd

Reynolds Precision Ltd (Registered number: 08347158)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Reynolds Precision Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr E H Reynolds
Mrs A B Reynolds





REGISTERED OFFICE: Manor House
Main Street
Little Harrowden
Wellingborough
Northamptonshire
NN9 5BB





REGISTERED NUMBER: 08347158 (England and Wales)





ACCOUNTANTS: Richard Clarke & Co (At Your Service) Ltd
Unit 3, Mobbs Miller House
Christchurch Road
Northampton
Northamptonshire
NN1 5LL

Reynolds Precision Ltd (Registered number: 08347158)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,995 38,299

CURRENT ASSETS
Stocks 5,306 2,080
Debtors 5 25,244 16,916
Cash at bank 29,148 38,159
59,698 57,155
CREDITORS
Amounts falling due within one year 6 37,425 28,456
NET CURRENT ASSETS 22,273 28,699
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,268

66,998

PROVISIONS FOR LIABILITIES 7,029 7,277
NET ASSETS 52,239 59,721

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 52,139 59,621
52,239 59,721

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.

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 Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:





Mr E H Reynolds - Director


Reynolds Precision Ltd (Registered number: 08347158)

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


1. STATUTORY INFORMATION

Reynolds 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 - 33% on cost, 20% on reducing balance and 10% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Reynolds Precision Ltd (Registered number: 08347158)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings Tractors equipment Totals
£    £    £    £    £   
Cost
At 1 April 2023 62,573 1,225 12,558 767 77,123
Additions 7,772 - - 289 8,061
Disposals - (145 ) - (498 ) (643 )
At 31 March 2024 70,345 1,080 12,558 558 84,541
Depreciation
At 1 April 2023 29,298 604 8,244 678 38,824
Charge for year 8,209 108 863 185 9,365
Eliminated on disposal - (145 ) - (498 ) (643 )
At 31 March 2024 37,507 567 9,107 365 47,546
Net book value
At 31 March 2024 32,838 513 3,451 193 36,995
At 31 March 2023 33,275 621 4,314 89 38,299

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,093 10,017
Other debtors 3,151 6,899
25,244 16,916

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,706 6,232
Taxation and social security 9,084 5,340
Other creditors 22,635 16,884
37,425 28,456