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Company Registration No. 8352127 (England and Wales)
L & R Precision Engineering Ltd Unaudited accounts for the year ended 31 January 2025
L & R Precision Engineering Ltd Unaudited accounts Contents
Page
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L & R Precision Engineering Ltd Company Information for the year ended 31 January 2025
Directors
R Demczynski M Demczynska
Secretary
M Demczynska
Company Number
8352127 (England and Wales)
Registered Office
10 WATERDALE CLOSE HARDWICKE GLOUCESTER GL2 4JB
Accountants
Marc Austin Accountancy 40 Stonecote Ridge Bussage Stroud Gloucestershire GL6 8JY
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L & R Precision Engineering Ltd Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
531,643 
526,526 
Current assets
Debtors
64,745 
143,678 
Cash at bank and in hand
202,967 
118,374 
267,712 
262,052 
Creditors: amounts falling due within one year
(412,881)
(449,687)
Net current liabilities
(145,169)
(187,635)
Net assets
386,474 
338,891 
Capital and reserves
Called up share capital
5 
5 
Profit and loss account
386,469 
338,886 
Shareholders' funds
386,474 
338,891 
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by
R Demczynski Director Company Registration No. 8352127
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L & R Precision Engineering Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
L & R Precision Engineering Ltd is a private company, limited by shares, registered in England and Wales, registration number 8352127. The registered office is 10 WATERDALE CLOSE, HARDWICKE, GLOUCESTER, GL2 4JB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance basis
Motor vehicles
25% reducing balance basis
Fixtures & fittings
20% reducing balance basis
Computer equipment
33% reducing balance basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2024
11,028 
At 31 January 2025
11,028 
Amortisation
At 1 February 2024
11,028 
At 31 January 2025
11,028 
Net book value
At 31 January 2025
- 
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L & R Precision Engineering Ltd Notes to the Accounts for the year ended 31 January 2025
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 February 2024
879,642 
25,722 
33,976 
4,661 
944,001 
Additions
124,780 
29,669 
- 
- 
154,449 
Disposals
- 
(25,722)
- 
- 
(25,722)
At 31 January 2025
1,004,422 
29,669 
33,976 
4,661 
1,072,728 
Depreciation
At 1 February 2024
395,374 
11,253 
6,795 
4,053 
417,475 
Charge for the year
121,809 
7,417 
5,436 
201 
134,863 
On disposals
- 
(11,253)
- 
- 
(11,253)
At 31 January 2025
517,183 
7,417 
12,231 
4,254 
541,085 
Net book value
At 31 January 2025
487,239 
22,252 
21,745 
407 
531,643 
At 31 January 2024
484,268 
14,469 
27,181 
608 
526,526 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
(32,075)
18,121 
Trade debtors
96,820 
108,708 
Other debtors
- 
16,849 
64,745 
143,678 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
14,169 
24,039 
Obligations under finance leases and hire purchase contracts
376,062 
397,670 
Trade creditors
21,197 
14,281 
Loans from directors
- 
12,272 
Accruals
1,453 
1,425 
412,881 
449,687 
8
Average number of employees
During the year the average number of employees was 8 (2024: 7).
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