RELIANT PRECISION ENGINEERING LIMITED

Company Registration Number:
05087115 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

RELIANT PRECISION ENGINEERING LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

RELIANT PRECISION ENGINEERING LIMITED

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 1 1
Tangible assets: 4 2,251,921 2,223,718
Total fixed assets: 2,251,922 2,223,719
Current assets
Stocks: 14,409 3,169
Debtors: 5 213,562 78,610
Cash at bank and in hand: 2,326,068 2,222,986
Total current assets: 2,554,039 2,304,765
Creditors: amounts falling due within one year: 6 (1,007,369) (1,032,543)
Net current assets (liabilities): 1,546,670 1,272,222
Total assets less current liabilities: 3,798,592 3,495,941
Provision for liabilities: (10,480) (2,606)
Total net assets (liabilities): 3,788,112 3,493,335
Capital and reserves
Called up share capital: 650,000 650,000
Revaluation reserve:71,269,0151,269,015
Profit and loss account: 1,869,097 1,574,320
Shareholders funds: 3,788,112 3,493,335

The notes form part of these financial statements

RELIANT PRECISION ENGINEERING LIMITED

Balance sheet statements

For the year ending 30 June 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 March 2025
and signed on behalf of the board by:

Name: Mrs J K Bange
Status: Director

The notes form part of these financial statements

RELIANT PRECISION ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Freehold property not depreciated Plant and machinery 20% straight line Motor vehicles 25% straight line Fixtures and fittings 25% straight line

Other accounting policies

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

RELIANT PRECISION ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 17 17

RELIANT PRECISION ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Intangible Assets

Total
Cost £
At 01 July 2023 421,560
At 30 June 2024 421,560
Amortisation
At 01 July 2023 421,559
At 30 June 2024 421,559
Net book value
At 30 June 2024 1
At 30 June 2023 1

RELIANT PRECISION ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Tangible Assets

Total
Cost £
At 01 July 2023 2,699,415
Additions 42,750
At 30 June 2024 2,742,165
Depreciation
At 01 July 2023 475,697
Charge for year 14,547
At 30 June 2024 490,244
Net book value
At 30 June 2024 2,251,921
At 30 June 2023 2,223,718

RELIANT PRECISION ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

RELIANT PRECISION ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Creditors: amounts falling due within one year note

Trade creditors 102,786 12,621 Taxation and social security costs 238,768 168,264 Other creditors 665,815 851,658

RELIANT PRECISION ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

7. Revaluation reserve

2024
£
Balance at 01 July 2023 1,269,015
Surplus or deficit after revaluation 0
Balance at 30 June 2024 1,269,015