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REGISTERED NUMBER: 03890653 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JANUARY 2024

FOR

N L R PRECISION ENGINEERS LTD

N L R PRECISION ENGINEERS LTD (REGISTERED NUMBER: 03890653)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N L R PRECISION ENGINEERS LTD

COMPANY INFORMATION
for the Year Ended 30 January 2024







DIRECTORS: J M Cox
A C Skinner





REGISTERED OFFICE: 5 Westbrook Court
Sharrow Vale Road
Sheffield
S11 8YZ





REGISTERED NUMBER: 03890653 (England and Wales)





ACCOUNTANTS: Hodgson & Oldfield
Aizlewood's Mill
Nursery Street
Sheffield
S3 8GG

N L R PRECISION ENGINEERS LTD (REGISTERED NUMBER: 03890653)

BALANCE SHEET
30 January 2024

30.1.24 30.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,645 597,859

CURRENT ASSETS
Stocks 2,000 6,000
Debtors 5 830,272 197,157
Cash at bank 408,995 505,700
1,241,267 708,857
CREDITORS
Amounts falling due within one year 6 132,318 145,663
NET CURRENT ASSETS 1,108,949 563,194
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,195,594

1,161,053

PROVISIONS FOR LIABILITIES 21,661 24,879
NET ASSETS 1,173,933 1,136,174

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,173,833 1,136,074
SHAREHOLDERS' FUNDS 1,173,933 1,136,174

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

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

N L R PRECISION ENGINEERS LTD (REGISTERED NUMBER: 03890653)

BALANCE SHEET - continued
30 January 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 17 January 2025 and were signed on its behalf by:





J M Cox - Director


N L R PRECISION ENGINEERS LTD (REGISTERED NUMBER: 03890653)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 January 2024

1. STATUTORY INFORMATION

N L R Precision Engineers 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.

The presentation currency of the financial statements is the Pound Sterling (£).


NLR Precision Engineers Ltd is a 100% subsidiary of Sheffield Engineering Company Ltd.

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 represents revenue recognised by the company in respect of goods and services supplied during the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


N L R PRECISION ENGINEERS LTD (REGISTERED NUMBER: 03890653)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 January 2024

2. ACCOUNTING POLICIES - continued
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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 31 January 2023 707,443 643,526 1,350,969
Disposals (707,443 ) (134,457 ) (841,900 )
At 30 January 2024 - 509,069 509,069
DEPRECIATION
At 31 January 2023 240,524 512,586 753,110
Charge for year - 15,182 15,182
Eliminated on disposal (240,524 ) (105,344 ) (345,868 )
At 30 January 2024 - 422,424 422,424
NET BOOK VALUE
At 30 January 2024 - 86,645 86,645
At 30 January 2023 466,919 130,940 597,859

N L R PRECISION ENGINEERS LTD (REGISTERED NUMBER: 03890653)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.1.24 30.1.23
£    £   
Trade debtors 123,759 172,362
Other debtors 706,513 24,795
830,272 197,157

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.1.24 30.1.23
£    £   
Trade creditors 35,051 44,431
Taxation and social security 73,459 72,433
Other creditors 23,808 28,799
132,318 145,663

7. RELATED PARTY DISCLOSURES

During the year, sales totalling £55,474 (2023: £40,072) were made to Revert Alloys and Metals Ltd, a company with common shareholders. The balance due from Revert Alloys and Metals Ltd at the end of the year was 65,993 (2023: £28,094).

During the year, the property was sold for £650,000 to ASJC Enterprises Ltd, a company under common control. This amount was due to NLR Precision Engineers Ltd at the year end date.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr A C Skinner and Mr J M Cox.