Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08642648 Owen Hanson Susan Hanson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08642648 2023-12-31 08642648 2024-12-31 08642648 2024-01-01 2024-12-31 08642648 frs-core:CurrentFinancialInstruments 2024-12-31 08642648 frs-core:Non-currentFinancialInstruments 2024-12-31 08642648 frs-core:FurnitureFittings 2024-12-31 08642648 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08642648 frs-core:FurnitureFittings 2023-12-31 08642648 frs-core:MotorVehicles 2024-12-31 08642648 frs-core:MotorVehicles 2024-01-01 2024-12-31 08642648 frs-core:MotorVehicles 2023-12-31 08642648 frs-core:PlantMachinery 2024-12-31 08642648 frs-core:PlantMachinery 2024-01-01 2024-12-31 08642648 frs-core:PlantMachinery 2023-12-31 08642648 frs-core:CapitalRedemptionReserve 2024-12-31 08642648 frs-core:ShareCapital 2024-12-31 08642648 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08642648 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08642648 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08642648 frs-bus:SmallEntities 2024-01-01 2024-12-31 08642648 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08642648 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08642648 frs-bus:Director1 2024-01-01 2024-12-31 08642648 frs-bus:Director2 2024-01-01 2024-12-31 08642648 frs-countries:EnglandWales 2024-01-01 2024-12-31 08642648 2022-12-31 08642648 2023-12-31 08642648 2023-01-01 2023-12-31 08642648 frs-core:CurrentFinancialInstruments 2023-12-31 08642648 frs-core:Non-currentFinancialInstruments 2023-12-31 08642648 frs-core:CapitalRedemptionReserve 2023-12-31 08642648 frs-core:ShareCapital 2023-12-31 08642648 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08642648
Allied Precision Tooling Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Swift Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08642648
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 135,526 153,715
135,526 153,715
CURRENT ASSETS
Stocks 5 69,105 50,538
Debtors 6 281,652 169,662
Cash at bank and in hand 167,994 191,759
518,751 411,959
Creditors: Amounts Falling Due Within One Year 7 (171,642 ) (66,189 )
NET CURRENT ASSETS (LIABILITIES) 347,109 345,770
TOTAL ASSETS LESS CURRENT LIABILITIES 482,635 499,485
Creditors: Amounts Falling Due After More Than One Year 8 (5,297 ) (15,679 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (33,881 ) (29,206 )
NET ASSETS 443,457 454,600
CAPITAL AND RESERVES
Called up share capital 10 510 510
Capital redemption reserve 490 490
Profit and Loss Account 442,457 453,600
SHAREHOLDERS' FUNDS 443,457 454,600
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Owen Hanson
Director
30/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Allied Precision Tooling Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08642648 . The registered office is Unit 20 Crelake Industrial Estate, Pixon Lane, Tavistock, Devon, PL19 9AZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents amounts that are received or receivable in respect of the sale of goods and provision of services in the ordinary course of business. Turnover is shown net of value added tax, returns and discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 15% reducing balance
2.4. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and thoseboverheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date stocks are assessed for impairment. If stocks are impaired the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss. Work in progress is valued based on the stage of completion the work is at. Where losses are incurred these are recognised as soon as they are known.
2.5. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and nonputtable 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.
2.6. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 9)
9 9
Page 3
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 359,421 7,995 22,975 390,391
Additions 5,422 - 565 5,987
As at 31 December 2024 364,843 7,995 23,540 396,378
Depreciation
As at 1 January 2024 217,052 3,645 15,979 236,676
Provided during the period 22,170 870 1,136 24,176
As at 31 December 2024 239,222 4,515 17,115 260,852
Net Book Value
As at 31 December 2024 125,621 3,480 6,425 135,526
As at 1 January 2024 142,369 4,350 6,996 153,715
5. Stocks
2024 2023
£ £
Materials 10,000 10,000
Work in progress 59,105 40,538
69,105 50,538
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 271,354 160,154
Other debtors 10,298 9,508
281,652 169,662
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 21,606 10,311
Bank loans and overdrafts 10,375 10,119
Corporation tax 46,974 16,658
Other taxes and social security 6,857 7,227
VAT 19,946 2,240
Accruals and deferred income 8,495 6,594
Directors' loan accounts 57,389 13,040
171,642 66,189
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Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,297 15,679
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 510 510
11. Related Party Transactions
During the year to 31 December 2024 the directors operated a joint loan account.  The maximum joint overdrawn balance was £19,641 (2023 - £36,312) on 5 April 2024.  This was repaid in full on 10 April 2024.
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