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Registered number: 04815509

AC Precision Engineering Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024

Prepared By:
Apple Tree Accountancy Ltd
Fox Fold House
Steventon Road
East Hanney
Wantage
OX12 0HS

AC Precision Engineering Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
DIRECTORS
Mr A Cunnington
SECRETARY
Mrs J Cunnington
REGISTERED OFFICE
9 Regal Way
Faringdon
Oxon.
SN7 7BX
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04815509
ACCOUNTANTS
Apple Tree Accountancy Ltd
Fox Fold House
Steventon Road
East Hanney
Wantage
OX12 0HS

AC Precision Engineering Ltd

ACCOUNTS
FOR THEYEARENDED30/06/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

AC Precision Engineering Ltd

BALANCE SHEET AT 30/06/2024
20242023
Notes££
FIXED ASSETS
Tangible assets31,438,4851,313,393
CURRENT ASSETS
Stock37,4694,100
Debtors5140,657163,800
Cash at bank and in hand94,98077,259
273,106245,159
CREDITORS: Amounts falling due within one year6331,987349,084
NET CURRENT LIABILITIES(58,881)(103,925)
TOTAL ASSETS LESS CURRENT LIABILITIES1,379,6041,209,468
CREDITORS: Amounts falling due after more than one year7512,191464,522
PROVISIONS FOR LIABILITIES AND CHARGES8253,534218,097
NET ASSETS613,879526,849
CAPITAL AND RESERVES
Called up share capital911
Revaluation reserve1e,10133,077133,077
Profit and loss account480,801393,771
SHAREHOLDERS' FUNDS613,879526,849
For the year ending 30/06/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 26/03/2025 and signed on their behalf by
.............................
Mr A Cunnington
Director

AC Precision Engineering Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 5%
Plant and Machineryreducing balance 12 or 25%
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 10).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.

AC Precision Engineering Ltd

2. EMPLOYEES
20242023
No.No.
Average number of employees1414
3. TANGIBLE FIXED ASSETS
Land AndPlant andCommercial
BuildingsMachineryVehiclesEquipmentMotor CarsTotal
££££££
Cost
At 01/07/2023553,0002,376,70520,77225,952-2,976,429
Additions-294,812-1,3047,900304,016
Disposals-(135,066)-(4,997)-(140,063)
At 30/06/2024553,0002,536,45120,77222,2597,9003,140,382
Depreciation
At 01/07/2023112,0001,523,6309,08718,319-1,663,036
Disposals-(111,503)-(4,630)-(116,133)
For the year28,000120,7482,9211,8441,481154,994
At 30/06/2024140,0001,532,87512,00815,5331,4811,701,897
Net Book Amounts
At 30/06/2024413,0001,003,5768,7646,7266,4191,438,485
At 30/06/2023441,000853,07511,6857,633-1,313,393
The freehold property owned and occupied by the company was revalued in 2019 to £550,000. The historical cost was £416,923.
4. STOCK 20242023
££
Stock comprises:
Work in progress37,4694,100
37,4694,100
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors128,349152,627
Prepayments12,30811,173
140,657163,800

AC Precision Engineering Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Other taxation16,81916,376
VAT47,73457,035
PAYE control14,97817,609
Directors current account3232
Bank Loan10,00010,000
Mortgage15,56314,886
Hire purchase124,203169,138
Trade creditors70,35253,374
Pension schemes1,9592,184
Accruals30,3478,450
331,987349,084
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (secured) >1yr290,775313,971
Hire purchase >1yr221,416150,551
512,191464,522
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation253,534218,097
253,534218,097
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11

AC Precision Engineering Ltd

10. REVALUATION RESERVE 20242023
££
Revaluation reserve133,077133,077
133,077133,077
The freehold property owned and occupied by the company was revalued in 2019. The profit & loss account has been debited with depreciation of £33,269 up to the balance sheet date (2023 : £26,615) in respect of the revaluation amount, which the director has chosen not transfer to the revaluation reserve.
11. CONTROLLING PARTY
The company was controlled throughout this year and the last by the director, Mr A Cunnington, by virtue of his holding of 100% of the issued share capital.