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Chamberlain Precision Limited
Registered Number:04219332
For the year ended 30 April 2025
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2025
Chamberlain Precision Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04219332
As at 30 April 2025
Chamberlain Precision Limited
Statement of Financial Position
£
£
2024
2025
Notes
Fixed assets
Property, plant and equipment
141,327
154,605
2
141,327
154,605
Current assets
Inventories
98,906
103,500
3
Trade and other receivables
15,821
18,268
4
178,598
Cash and cash equivalents
225,850
347,618
293,325
Trade and other payables: amounts falling due within one year
(52,157)
(50,890)
5
241,168
296,728
Net current assets
Total assets less current liabilities
438,055
395,773
438,055
Net assets
395,773
Capital and reserves
Called up share capital
102
102
Retained earnings
437,953
395,671
438,055
395,773
Shareholders' funds
For the year ended 30 April 2025 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 of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr G Chamberlain Director
Mrs L Chamberlain Director
These financial statements were approved and authorised for issue by the Board on 14 May 2025 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 30 April 2025
Chamberlain Precision Limited
Notes to the Financial Statements
Statutory Information
Chamberlain Precision Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
04219332.
Registered address:
Unit 3 & 4 Regis Industrial Estate
Dorset Road
Sheerness
Kent
ME12 1LY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Research and development
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
2% Straight line
Plant and machinery
25% Reducing balance
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
5
For the year ended 30 April 2025
Chamberlain Precision Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
£
Cost or valuation
At 01 May 2024
586,307
3,347
6,335
21,866
411,682
143,077
2,402
-
1,718
-
684
-
Additions
At 30 April 2025
143,077
21,866
8,053
3,347
588,709
412,366
Provision for depreciation and impairment
At 01 May 2024
431,702
2,381
6,335
20,302
365,484
37,200
Charge for year
15,680
242
430
391
11,755
2,862
At 30 April 2025
447,382
2,623
6,765
20,693
377,239
40,062
At 30 April 2025
Net book value
103,015
35,127
1,173
1,288
724
141,327
105,877
46,198
1,564
-
966
154,605
At 30 April 2024
3. Inventories
2024
2025
£
£
Stocks
103,500
98,906
4. Trade and other receivables
2024
2025
£
£
Trade debtors
7,770
6,021
Prepayments and accrued income
7,421
6,946
Other debtors
3,077
2,854
15,821
18,268
5. Trade and other payables: amounts falling due within one year
2024
2025
£
£
Trade creditors
485
1,736
Taxation and social security
35,875
41,568
Accruals and deferred income
1,101
2,983
Other creditors
13,429
5,870
50,890
52,157
3 of 4
6
For the year ended 30 April 2025
Chamberlain Precision Limited
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 2 (2024 : 3)
4 of 4