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REGISTERED NUMBER: 03745193 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Precision Electro-Plating Co Limited

Precision Electro-Plating Co Limited (Registered number: 03745193)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Precision Electro-Plating Co Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr Rudi Gole
Mr Rudolf Gole





SECRETARY: Mr Rudi Gole





REGISTERED OFFICE: Precision Electro Plating Co Limited
Ashmore Lake Way
Willenhall
West Midlands
WV12 4LF





REGISTERED NUMBER: 03745193 (England and Wales)





ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

Precision Electro-Plating Co Limited (Registered number: 03745193)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 579 747

CURRENT ASSETS
Stocks 14,995 14,995
Debtors 5 22,612 19,427
Cash at bank 104,721 124,094
142,328 158,516
CREDITORS
Amounts falling due within one year 6 35,806 34,424
NET CURRENT ASSETS 106,522 124,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,101

124,839

PROVISIONS FOR LIABILITIES 145 187
NET ASSETS 106,956 124,652

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 106,856 124,552
SHAREHOLDERS' FUNDS 106,956 124,652

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

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

Precision Electro-Plating Co Limited (Registered number: 03745193)

Balance Sheet - continued
30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by:





Mr Rudi Gole - Director


Precision Electro-Plating Co Limited (Registered number: 03745193)

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

1. STATUTORY INFORMATION

Precision Electro-Plating Co 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
The turnover shown in the profit and loss account is the amount receivable for the provision of goods and services falling within the Company's activities, net of Value Added Tax, rebates and trade discounts. Turnover from the provision of goods and services is recognised in the accounting period in which the Company obtains the right to consideration in exchange for its performance and when the amounts to be recognised are fixed or determinable and collectability is reasonably assured.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

Precision Electro-Plating Co Limited (Registered number: 03745193)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 3,232 2,448 786 6,466
DEPRECIATION
At 1 May 2023 3,013 2,083 623 5,719
Charge for year 32 55 81 168
At 30 April 2024 3,045 2,138 704 5,887
NET BOOK VALUE
At 30 April 2024 187 310 82 579
At 30 April 2023 219 365 163 747

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,078 17,448
Other debtors 2,534 1,979
22,612 19,427

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,906 3,559
Other creditors 32,900 30,865
35,806 34,424

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100