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REGISTERED NUMBER: 06752504 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

PRECISION FORGING TECHNOLOGIES LIMITED

PRECISION FORGING TECHNOLOGIES LIMITED (REGISTERED NUMBER: 06752504)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PRECISION FORGING TECHNOLOGIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mr D A Houchin
Mrs G G Houchin





SECRETARY: Mrs G G Houchin





REGISTERED OFFICE: 3 Woodside
Methley
Leeds
West Yorkshire
LS26 9HB





REGISTERED NUMBER: 06752504 (England and Wales)





ACCOUNTANTS: Temporal Lennon & Company Limited
Chartered Accountants
Suite 1
1 The Crescent
Adel
Leeds
West Yorkshire
LS16 6AA

PRECISION FORGING TECHNOLOGIES LIMITED (REGISTERED NUMBER: 06752504)

BALANCE SHEET
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 577 428

CURRENT ASSETS
Debtors 5 5,381 1,270
Cash at bank 21,708 40,841
27,089 42,111
CREDITORS
Amounts falling due within one year 6 5,810 10,976
NET CURRENT ASSETS 21,279 31,135
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,856

31,563

PROVISIONS FOR LIABILITIES 91 59
NET ASSETS 21,765 31,504

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 21,763 31,502
SHAREHOLDERS' FUNDS 21,765 31,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 23 April 2025 and were signed on its behalf by:





Mr D A Houchin - Director


PRECISION FORGING TECHNOLOGIES LIMITED (REGISTERED NUMBER: 06752504)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Precision Forging Technologies 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 cost
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

PRECISION FORGING TECHNOLOGIES LIMITED (REGISTERED NUMBER: 06752504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 December 2023 9,420 11,487 20,907
Additions 370 224 594
At 30 November 2024 9,790 11,711 21,501
DEPRECIATION
At 1 December 2023 9,190 11,289 20,479
Charge for year 218 227 445
At 30 November 2024 9,408 11,516 20,924
NET BOOK VALUE
At 30 November 2024 382 195 577
At 30 November 2023 230 198 428

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors 5,381 1,270

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Taxation and social security 4,765 9,430
Other creditors 1,045 1,546
5,810 10,976

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24 30.11.23
£    £   
Mr D A Houchin and Mrs G G Houchin
Balance outstanding at start of year - -
Amounts advanced 8,077 -
Amounts repaid (4,312 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,765 -

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D A Houchin.