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REGISTERED NUMBER: 02866160 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

ANGLIAN PRECISION LIMITED

ANGLIAN PRECISION LIMITED (REGISTERED NUMBER: 02866160)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANGLIAN PRECISION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTORS: Mr S L Rowlands
Mr S Dunbavin





REGISTERED OFFICE: Unit 4 C/D
Lanwades Business Park
Kentford
Newmarket
Suffolk
CB8 7PN





REGISTERED NUMBER: 02866160 (England and Wales)





ACCOUNTANTS: NKT Accountants
11 Kings Court
Willie Snaith Road
Newmarket
Suffolk
CB8 7SG

ANGLIAN PRECISION LIMITED (REGISTERED NUMBER: 02866160)

BALANCE SHEET
31ST OCTOBER 2024

31/10/24 31/10/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,050 45,330

CURRENT ASSETS
Stocks 31,500 35,000
Debtors 5 119,321 109,471
Cash at bank and in hand 491,864 351,120
642,685 495,591
CREDITORS
Amounts falling due within one year 6 190,819 183,836
NET CURRENT ASSETS 451,866 311,755
TOTAL ASSETS LESS CURRENT
LIABILITIES

487,916

357,085

PROVISIONS FOR LIABILITIES 6,600 8,800
NET ASSETS 481,316 348,285

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 479,316 346,285
SHAREHOLDERS' FUNDS 481,316 348,285

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

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

ANGLIAN PRECISION LIMITED (REGISTERED NUMBER: 02866160)

BALANCE SHEET - continued
31ST OCTOBER 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 25th March 2025 and were signed on its behalf by:





Mr S L Rowlands - Director


ANGLIAN PRECISION LIMITED (REGISTERED NUMBER: 02866160)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024

1. STATUTORY INFORMATION

Anglian Precision 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.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

ANGLIAN PRECISION LIMITED (REGISTERED NUMBER: 02866160)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

2. ACCOUNTING POLICIES - continued

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.

Estimation techniques
In preparing the financial statements, management are required to make estimates and assumptions that affect the reported amounts of assets and liabilities at the balance sheet date and the reported amounts of revenue and expenses during the period.

Significant areas requiring the use of estimated relate to the determination of accruals and other liabilities and the disclosure of contingent liabilities, if any, at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st November 2023 3,012 267,607 3,600 15,370 289,589
Additions - 3,630 - 1,690 5,320
Disposals - (11,992 ) - (3,294 ) (15,286 )
At 31st October 2024 3,012 259,245 3,600 13,766 279,623
DEPRECIATION
At 1st November 2023 1,372 230,987 2,810 9,090 244,259
Charge for year 150 8,940 200 2,410 11,700
Eliminated on disposal - (11,232 ) - (1,154 ) (12,386 )
At 31st October 2024 1,522 228,695 3,010 10,346 243,573
NET BOOK VALUE
At 31st October 2024 1,490 30,550 590 3,420 36,050
At 31st October 2023 1,640 36,620 790 6,280 45,330

ANGLIAN PRECISION LIMITED (REGISTERED NUMBER: 02866160)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 111,838 104,331
Other debtors 7,483 5,140
119,321 109,471

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade creditors 44,492 45,135
Taxation and social security 67,589 54,445
Other creditors 78,738 84,256
190,819 183,836

7. ULTIMATE CONTROLLING PARTY

In the opinion of the directors there is no controlling party.