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REGISTERED NUMBER: 04508610 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

JC Engineering (Precision) Limited

JC Engineering (Precision) Limited (Registered number: 04508610)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


JC Engineering (Precision) Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: D G Munday
V J Munday
Mrs J Selby
C J Munday





REGISTERED OFFICE: Witham Block
Market Overton Industrial
Estate, Ironstone Lane
Oakham
Leicestershire
LE15 7TP





REGISTERED NUMBER: 04508610 (England and Wales)





ACCOUNTANTS: Brockhurst Davies Limited
11 The Office Village
North Road
Loughborough
Leicestershire
LE11 1QJ

JC Engineering (Precision) Limited (Registered number: 04508610)

Abridged Balance Sheet
31 August 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 518,568 591,799

CURRENT ASSETS
Stocks 193,733 236,059
Debtors 306,757 332,088
Cash at bank 129,951 178,144
630,441 746,291
CREDITORS
Amounts falling due within one year 295,042 414,369
NET CURRENT ASSETS 335,399 331,922
TOTAL ASSETS LESS CURRENT
LIABILITIES

853,967

923,721

CREDITORS
Amounts falling due after more than one year (132,448 ) (186,122 )

PROVISIONS FOR LIABILITIES (125,228 ) (142,245 )
NET ASSETS 596,291 595,354

CAPITAL AND RESERVES
Called up share capital 5 140 140
Retained earnings 596,151 595,214
SHAREHOLDERS' FUNDS 596,291 595,354

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

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

JC Engineering (Precision) Limited (Registered number: 04508610)

Abridged Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 1 April 2025 and were signed on its behalf by:





V J Munday - Director


JC Engineering (Precision) Limited (Registered number: 04508610)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

JC Engineering (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.

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


2. ACCOUNTING POLICIES

Accounting convention
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The Directors are continually evaluating significant judgements and estimates based on historical experience and other factors, including expectation of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates will, by definition, seldom equal the related actual results.

The Directors consider that there are no significant judgements and estimates in applying the Company's accounting policies.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Basic financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible
preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 17 ) .

JC Engineering (Precision) Limited (Registered number: 04508610)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 September 2023 1,692,077
Additions 77,066
Disposals (35,775 )
At 31 August 2024 1,733,368
DEPRECIATION
At 1 September 2023 1,100,278
Charge for year 128,031
Eliminated on disposal (13,509 )
At 31 August 2024 1,214,800
NET BOOK VALUE
At 31 August 2024 518,568
At 31 August 2023 591,799

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£
COST
At 1 September 2023 682,666
Additions 68,990
At 31 August 2024 751,656
DEPRECIATION
At 1 September 2023 280,007
Charge for year 70,052
At 31 August 2024 350,059
NET BOOK VALUE
At 31 August 2024 401,597
At 31 August 2023 402,659

JC Engineering (Precision) Limited (Registered number: 04508610)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
110 Ordinary £1 110 110
10 Ordinary A £1 10 10
10 Ordinary B £1 10 10
10 Ordinary C £1 10 10
140 140