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FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

A1 PRECISION ENGINEERING (2015) LTD

A1 PRECISION ENGINEERING (2015) LTD (REGISTERED NUMBER: 09524508)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A1 PRECISION ENGINEERING (2015) LTD

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: Mr P D Leverick
Mrs D Jackson-Roxborough



SECRETARY: Mrs J Baldry



REGISTERED OFFICE: Unit 1 Eden Close
Hellaby
Rotherham
South Yorkshire
S66 8RW



REGISTERED NUMBER: 09524508 (England and Wales)



SENIOR STATUTORY AUDITOR: Mr James Timothy Card FCCA



AUDITORS: Hewitt Card Limited
Statutory Auditors
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN

A1 PRECISION ENGINEERING (2015) LTD (REGISTERED NUMBER: 09524508)

BALANCE SHEET
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 508,912 434,177

CURRENT ASSETS
Debtors 5 149,234 105,171
Cash at bank and in hand 63,823 406,534
213,057 511,705
CREDITORS
Amounts falling due within one year 6 78,612 491,687
NET CURRENT ASSETS 134,445 20,018
TOTAL ASSETS LESS CURRENT LIABILITIES 643,357 454,195

PROVISIONS FOR LIABILITIES 50,970 26,471
NET ASSETS 592,387 427,724

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 592,283 427,620
592,387 427,724

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 19 March 2025 and were signed on its behalf by:





Mr P D Leverick - Director


A1 PRECISION ENGINEERING (2015) LTD (REGISTERED NUMBER: 09524508)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024

1. STATUTORY INFORMATION

A1 Precision Engineering (2015) Ltd 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Plant and machinery etc - 15% on reducing balance and Straight line over 3-10 years

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

A1 PRECISION ENGINEERING (2015) LTD (REGISTERED NUMBER: 09524508)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
Property machinery
improvements etc Totals
£    £    £   
COST
At 1 January 2024 311,995 276,685 588,680
Additions - 141,633 141,633
Disposals - (13,204 ) (13,204 )
At 31 December 2024 311,995 405,114 717,109
DEPRECIATION
At 1 January 2024 - 154,503 154,503
Charge for year 31,200 35,698 66,898
Eliminated on disposal - (13,204 ) (13,204 )
At 31 December 2024 31,200 176,997 208,197
NET BOOK VALUE
At 31 December 2024 280,795 228,117 508,912
At 31 December 2023 311,995 122,182 434,177

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 6,620 12,394
Amounts owed by group undertakings 133,322 -
Other debtors 9,292 92,777
149,234 105,171

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 15,552 9,284
Amounts owed to group undertakings - 414,157
Taxation and social security 35,866 39,009
Other creditors 27,194 29,237
78,612 491,687

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 166,501 175,492
Between one and five years 166,935 166,935
In more than five years 146,068 187,802
479,504 530,229

A1 PRECISION ENGINEERING (2015) LTD (REGISTERED NUMBER: 09524508)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr James Timothy Card FCCA (Senior Statutory Auditor)
for and on behalf of Hewitt Card Limited

9. ULTIMATE PARENT COMPANY

The company's ultimate parent company is Tembogroup B.V. The ultimate parent company's address is :
Constructieweg 45, 8263 BC Kampen, Netherlands.