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REGISTERED NUMBER: 03436640 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Leicester Precision Components (Group)
Limited

Leicester Precision Components (Group)
Limited (Registered number: 03436640)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Leicester Precision Components (Group)
Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: G S Jagdev
D K Jagdev





REGISTERED OFFICE: Satya House
60 Bradgate Street
Leicester
LE4 0AW





REGISTERED NUMBER: 03436640 (England and Wales)





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

Leicester Precision Components (Group)
Limited (Registered number: 03436640)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 40,147

CURRENT ASSETS
Debtors 5 - 100
Cash at bank 2,991 3,351
2,991 3,451
CREDITORS
Amounts falling due within one year 6 (1,991 ) (29,870 )
NET CURRENT ASSETS/(LIABILITIES) 1,000 (26,419 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,000

13,728

CREDITORS
Amounts falling due after more than one
year

7

-

(2,706

)
NET ASSETS 1,000 11,022

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings - 10,022
1,000 11,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Leicester Precision Components (Group)
Limited (Registered number: 03436640)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





G S Jagdev - Director


Leicester Precision Components (Group)
Limited (Registered number: 03436640)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Leicester Precision Components (Group) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 5% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 15 % - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Leicester Precision Components (Group)
Limited (Registered number: 03436640)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 August 2023 120,387 1,092,869 46,498 1,259,754
Disposals (120,387 ) (1,092,869 ) (46,498 ) (1,259,754 )
At 31 July 2024 - - - -
DEPRECIATION
At 1 August 2023 115,872 1,057,569 46,166 1,219,607
Eliminated on disposal (115,872 ) (1,057,569 ) (46,166 ) (1,219,607 )
At 31 July 2024 - - - -
NET BOOK VALUE
At 31 July 2024 - - - -
At 31 July 2023 4,515 35,300 332 40,147

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Amounts owed by group undertakings - 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts - 8,549
Amounts owed to group undertakings 1,991 21,321
1,991 29,870

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts - 2,706

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Hire purchase contracts - 11,255

Hire purchase leases are secured on the related fixed assets.

Leicester Precision Components (Group)
Limited (Registered number: 03436640)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. ULTIMATE CONTROLLING PARTY

The company regards Leicester Precision Components Holdings Limited, incorporated in England, as its ultimate parent company and controlling party.