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
L & R Precision Engineering Ltd
Company Information
for the year ended 31 January 2025
Directors
R Demczynski
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
L & R Precision Engineering Ltd
Statement of financial position
as at 31 January 2025
Tangible assets
531,643
526,526
Cash at bank and in hand
202,967
118,374
Creditors: amounts falling due within one year
(412,881)
(449,687)
Net current liabilities
(145,169)
(187,635)
Net assets
386,474
338,891
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
L & R Precision Engineering Ltd
Notes to the Accounts
for the year ended 31 January 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
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
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
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
Amounts falling due within one year
Trade debtors
96,820
108,708
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
8
Average number of employees
During the year the average number of employees was 8 (2024: 7).