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REGISTERED NUMBER: 12577846 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

DF Precision Machinery Ltd

DF Precision Machinery Ltd (Registered number: 12577846)






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


DF Precision Machinery Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: A J Fisher
M J Duignan
K L Fisher
G Dauney-Duignan





REGISTERED OFFICE: Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW





REGISTERED NUMBER: 12577846 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

DF Precision Machinery Ltd (Registered number: 12577846)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 6,089 8,900
Tangible assets 5 38,322 25,599
Investments 6 162,021 -
206,432 34,499

CURRENT ASSETS
Stocks 208,505 178,574
Debtors 7 647,791 791,479
Cash at bank 1,086,226 1,247,717
1,942,522 2,217,770
CREDITORS
Amounts falling due within one year 8 (1,425,830 ) (1,561,851 )
NET CURRENT ASSETS 516,692 655,919
TOTAL ASSETS LESS CURRENT
LIABILITIES

723,124

690,418

PROVISIONS FOR LIABILITIES (7,206 ) (8,038 )
NET ASSETS 715,918 682,380

CAPITAL AND RESERVES
Called up share capital 4 4
Fair value reserve 8,255 -
Retained earnings 707,659 682,376
715,918 682,380

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.

DF Precision Machinery Ltd (Registered number: 12577846)

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 23 January 2025 and were signed on its behalf by:





A J Fisher - Director


DF Precision Machinery Ltd (Registered number: 12577846)

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

1. STATUTORY INFORMATION

DF Precision Machinery 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Investments
Listed investments are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the year.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


DF Precision Machinery Ltd (Registered number: 12577846)

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

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 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 May 2023
and 30 April 2024 14,056
AMORTISATION
At 1 May 2023 5,156
Amortisation for year 2,811
At 30 April 2024 7,967
NET BOOK VALUE
At 30 April 2024 6,089
At 30 April 2023 8,900

DF Precision Machinery Ltd (Registered number: 12577846)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 13,245 2,020 - 25,644 40,909
Additions 483 124 30,299 999 31,905
At 30 April 2024 13,728 2,144 30,299 26,643 72,814
DEPRECIATION
At 1 May 2023 3,449 1,157 - 10,704 15,310
Charge for year 2,745 429 7,575 8,433 19,182
At 30 April 2024 6,194 1,586 7,575 19,137 34,492
NET BOOK VALUE
At 30 April 2024 7,534 558 22,724 7,506 38,322
At 30 April 2023 9,796 863 - 14,940 25,599

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 151,001
Revaluations 11,020
At 30 April 2024 162,021
NET BOOK VALUE
At 30 April 2024 162,021

Cost or valuation at 30 April 2024 is represented by:

Other
investments
£   
Valuation in 2024 162,021

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 209,606 463,843
Other debtors 438,185 327,636
647,791 791,479

Other debtors includes prepayments and accrued income of £431,935 (2023: £320,386).

DF Precision Machinery Ltd (Registered number: 12577846)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 251,264 690,210
Amounts owed to group undertakings 269,138 -
Taxation and social security 186,811 290,521
Other creditors 718,617 581,120
1,425,830 1,561,851

Other creditors includes accruals and deferred income of £655,031 (2023: £295,728).

9. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £20,882 (2023: £49,941).