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REGISTERED NUMBER: 11717742 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Hymec Precision Engineering Limited

Hymec Precision Engineering Limited (Registered number: 11717742)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hymec Precision Engineering Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: F K Williams
Mrs A Popplestone
A Cackett
J S G Wilson-Hill





REGISTERED OFFICE: 191 Plymbridge Road
Estover
Plymouth
Devon
PL6 7JS





REGISTERED NUMBER: 11717742 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
SE19 3RW

Hymec Precision Engineering Limited (Registered number: 11717742)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 154,997 149,201
Investments 5 110,000 110,000
264,997 259,201

CURRENT ASSETS
Debtors 6 309,195 187,255
Cash at bank and in hand 5,866 195
315,061 187,450
CREDITORS
Amounts falling due within one year 7 (439,426 ) (206,431 )
NET CURRENT LIABILITIES (124,365 ) (18,981 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,632

240,220

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 140,532 240,120
SHAREHOLDERS' FUNDS 140,632 240,220

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.

Hymec Precision Engineering Limited (Registered number: 11717742)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:





F K Williams - Director


Hymec Precision Engineering Limited (Registered number: 11717742)

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

1. STATUTORY INFORMATION

Hymec Precision Engineering 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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
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.

Fixed asset investments
Unlisted investments are recognised at cost less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 82 (2023 - 86 ) .

Hymec Precision Engineering Limited (Registered number: 11717742)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 167,035
Additions 33,149
At 30 June 2024 200,184
DEPRECIATION
At 1 July 2023 17,834
Charge for year 27,353
At 30 June 2024 45,187
NET BOOK VALUE
At 30 June 2024 154,997
At 30 June 2023 149,201

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023
and 30 June 2024 110,000
NET BOOK VALUE
At 30 June 2024 110,000
At 30 June 2023 110,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 309,114 173,111
Other debtors 81 14,144
309,195 187,255

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors - 7,871
Taxation and social security 191,667 188,052
Other creditors 247,759 10,508
439,426 206,431

Hymec Precision Engineering Limited (Registered number: 11717742)

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 30.6.24 30.6.23
value: £    £   
100 Ordinary 100 100 100