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REGISTERED NUMBER: 03842419















Unaudited Financial Statements for the Year Ended 30 September 2024

for

S & R Precision Engineering Limited

S & R Precision Engineering Limited (Registered number: 03842419)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S & R Precision Engineering Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: S L Bracey





REGISTERED OFFICE: 7 Commerce Way
Lawford
Manningtree
CO11 1UT





REGISTERED NUMBER: 03842419





ACCOUNTANTS: Goody Chartered Accountants and Tax Advisors
Unit 8 Old Forge Court
Colchester Road
Elmstead Market
Colchester
Essex
CO7 7EA

S & R Precision Engineering Limited (Registered number: 03842419)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 107,491 130,800

CURRENT ASSETS
Stocks 6,000 3,050
Debtors 5 219,489 177,338
Cash at bank 168,494 261,383
393,983 441,771
CREDITORS
Amounts falling due within one year 6 129,413 86,413
NET CURRENT ASSETS 264,570 355,358
TOTAL ASSETS LESS CURRENT
LIABILITIES

372,061

486,158

CREDITORS
Amounts falling due after more than one
year

7

(55,257

)

(88,194

)

PROVISIONS FOR LIABILITIES (20,423 ) (24,852 )
NET ASSETS 296,381 373,112

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 296,281 373,012
296,381 373,112

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

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

S & R Precision Engineering Limited (Registered number: 03842419)

Balance Sheet - continued
30 September 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 17 January 2025 and were signed by:





S L Bracey - Director


S & R Precision Engineering Limited (Registered number: 03842419)

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

1. STATUTORY INFORMATION

S & R Precision Engineering Limited is a private company, limited by shares , registered in Not specified/Other. 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 - 25% on reducing balance and 15% on reducing balance

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.

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 5 (2023 - 5 ) .

S & R Precision Engineering Limited (Registered number: 03842419)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 1,616 578,859 580,475
Additions - 4,383 4,383
At 30 September 2024 1,616 583,242 584,858
DEPRECIATION
At 1 October 2023 - 449,675 449,675
Charge for year - 27,692 27,692
At 30 September 2024 - 477,367 477,367
NET BOOK VALUE
At 30 September 2024 1,616 105,875 107,491
At 30 September 2023 1,616 129,184 130,800

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 165,231 110,648
Other debtors 54,258 66,690
219,489 177,338

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 32,737 32,352
Taxation and social security 94,047 52,281
Other creditors 2,629 1,780
129,413 86,413

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 18,219 28,273
Hire purchase contracts 37,038 59,921
55,257 88,194

8. ULTIMATE CONTROLLING PARTY

The controlling party is S L Bracey.

The company is wholly owned by Stel UK Enterprises Limited, a company which is controlled by the Director Mr S Bracey.