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REGISTERED NUMBER: 11698141 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Lex Precision Engineering Ltd

Lex Precision Engineering Ltd (Registered number: 11698141)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lex Precision Engineering Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: A Thomas
A Thomas





REGISTERED OFFICE: Unit 3 Hobson Street
Stoke-On-Trent
Staffordshire
ST6 2AW





REGISTERED NUMBER: 11698141 (England and Wales)






Lex Precision Engineering Ltd (Registered number: 11698141)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,741 61,739

CURRENT ASSETS
Debtors 5 39,345 37,791
Cash at bank 40,836 46,374
80,181 84,165
CREDITORS
Amounts falling due within one year 6 80,881 83,761
NET CURRENT (LIABILITIES)/ASSETS (700 ) 404
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,041

62,143

CREDITORS
Amounts falling due after more than one
year

7

(2,066

)

(6,199

)

PROVISIONS FOR LIABILITIES (13,821 ) (11,730 )
NET ASSETS 56,154 44,214

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 56,054 44,114
56,154 44,214

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

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

Lex Precision Engineering Ltd (Registered number: 11698141)

Balance Sheet - continued
30 November 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 Board of Directors and authorised for issue on 11 January 2025 and were signed on its behalf by:





A Thomas - Director


Lex Precision Engineering Ltd (Registered number: 11698141)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Lex Precision Engineering 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.

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.

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 ) .

Lex Precision Engineering Ltd (Registered number: 11698141)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 130,747 5,500 1,855 138,102
Additions 29,050 - 468 29,518
At 30 November 2024 159,797 5,500 2,323 167,620
DEPRECIATION
At 1 December 2023 72,013 4,195 155 76,363
Charge for year 17,681 326 509 18,516
At 30 November 2024 89,694 4,521 664 94,879
NET BOOK VALUE
At 30 November 2024 70,103 979 1,659 72,741
At 30 November 2023 58,734 1,305 1,700 61,739

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 33,545 32,881
Other debtors 5,800 4,910
39,345 37,791

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 4,133 4,133
Trade creditors 6,566 7,785
Taxation and social security 17,046 21,084
Other creditors 53,136 50,759
80,881 83,761

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 2,066 6,199