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REGISTERED NUMBER: 13358727 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

DANSAR PRECISION ENGINEERING LTD

DANSAR PRECISION ENGINEERING LTD (REGISTERED NUMBER: 13358727)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Balance sheet 1

Notes to the financial statements 2


DANSAR PRECISION ENGINEERING LTD (REGISTERED NUMBER: 13358727)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 103,997 119,741

Current assets
Debtors 5 262,392 249,020
Cash at bank and in hand 1,817 27,968
264,209 276,988
Creditors
Amounts falling due within one year 6 137,912 165,308
Net current assets 126,297 111,680
Total assets less current liabilities 230,294 231,421

Provisions for liabilities 7 19,759 29,935
Net assets 210,535 201,486

Capital and reserves
Called up share capital 8 40 40
Share premium 39,980 39,980
Retained earnings 170,515 161,466
Shareholders' funds 210,535 201,486

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

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

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





Mr J Parkes - Director


DANSAR PRECISION ENGINEERING LTD (REGISTERED NUMBER: 13358727)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. Statutory information

Dansar Precision Engineering Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 13358727. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is Unit 1 Kingfisher Park, Collingwood Road, West Moors, Wimborne, Dorset, BH21 6US.

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 amounts receivable, excluding value added tax, in respect of the manufacture and sale of precision engineered parts and is recognised when the goods have been despatched to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 10% on cost
Computer equipment - 25% on cost

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 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.

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

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

DANSAR PRECISION ENGINEERING LTD (REGISTERED NUMBER: 13358727)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. Tangible fixed assets
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
Cost
At 1 July 2023
and 30 June 2024 12,170 128,492 1,846 142,508
Depreciation
At 1 July 2023 3,311 18,456 1,000 22,767
Charge for year 2,434 12,849 461 15,744
At 30 June 2024 5,745 31,305 1,461 38,511
Net book value
At 30 June 2024 6,425 97,187 385 103,997
At 30 June 2023 8,859 110,036 846 119,741

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 171,229 198,819
Other debtors 90,000 40,000
VAT 1,163 -
Prepayments and accrued income - 10,201
262,392 249,020

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 131,698 141,919
Tax 3,429 485
Social security and other taxes - 3,152
VAT - 16,405
Other creditors - 577
Accruals and deferred income 2,785 2,770
137,912 165,308

7. Provisions for liabilities
2024 2023
£    £   
Deferred tax 19,759 29,935

Deferred
tax
£   
Balance at 1 July 2023 29,935
Credit to Income statement during year (10,176 )
Balance at 30 June 2024 19,759

DANSAR PRECISION ENGINEERING LTD (REGISTERED NUMBER: 13358727)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4,000 Ordinary £0.01 40 40

9. Ultimate controlling party

None of the shareholders of the company hold a majority interest and therefore no individual is deemed to exercise ultimate control.