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REGISTERED NUMBER: 01915734 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

KATRON ENGINEERING PRECISION LIMITED

KATRON ENGINEERING PRECISION LIMITED (REGISTERED NUMBER: 01915734)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


KATRON ENGINEERING PRECISION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 September 2024







DIRECTORS: Mr D J Groves
Mr A J Groves
Mrs M M Groves
Mrs K J Groves





REGISTERED OFFICE: Battledown Industrial Estate
Saxon Way
Cheltenham
Gloucestershire
GL52 6QX





REGISTERED NUMBER: 01915734 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

KATRON ENGINEERING PRECISION LIMITED (REGISTERED NUMBER: 01915734)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,397,701 1,341,018

CURRENT ASSETS
Stocks 781 41,935
Debtors 5 202,102 216,611
Cash at bank 623,455 525,915
826,338 784,461
CREDITORS
Amounts falling due within one year 6 435,286 611,597
NET CURRENT ASSETS 391,052 172,864
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,788,753

1,513,882

CREDITORS
Amounts falling due after more than one year 7 (104,939 ) (150,996 )

PROVISIONS FOR LIABILITIES (243,233 ) (215,889 )
NET ASSETS 1,440,581 1,146,997

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,440,481 1,146,897
SHAREHOLDERS' FUNDS 1,440,581 1,146,997

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

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

KATRON ENGINEERING PRECISION LIMITED (REGISTERED NUMBER: 01915734)

BALANCE SHEET - continued
30 September 2024


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 15 May 2025 and were signed on its behalf by:




Mr A J Groves - Director



Mr D J Groves - Director


KATRON ENGINEERING PRECISION LIMITED (REGISTERED NUMBER: 01915734)

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

1. STATUTORY INFORMATION

Katron 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

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.
Freehold property - 2% on cost
Short leasehold - 10% on cost
Improvements to property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on cost

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

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

KATRON ENGINEERING PRECISION LIMITED (REGISTERED NUMBER: 01915734)

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

4. TANGIBLE FIXED ASSETS
Improvements
Freehold Short to
property leasehold property
£    £    £   
COST
At 1 October 2023 651,167 94,309 15,000
Additions - - 16,200
Disposals - - -
At 30 September 2024 651,167 94,309 31,200
DEPRECIATION
At 1 October 2023 220,000 94,309 438
Charge for year 13,023 - 570
Eliminated on disposal - - -
At 30 September 2024 233,023 94,309 1,008
NET BOOK VALUE
At 30 September 2024 418,144 - 30,192
At 30 September 2023 431,167 - 14,562

Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023 2,449,179 34,930 7,750 3,252,335
Additions 377,929 1,108 - 395,237
Disposals (257,900 ) - - (257,900 )
At 30 September 2024 2,569,208 36,038 7,750 3,389,672
DEPRECIATION
At 1 October 2023 1,563,448 25,759 7,363 1,911,317
Charge for year 143,753 1,376 387 159,109
Eliminated on disposal (78,455 ) - - (78,455 )
At 30 September 2024 1,628,746 27,135 7,750 1,991,971
NET BOOK VALUE
At 30 September 2024 940,462 8,903 - 1,397,701
At 30 September 2023 885,731 9,171 387 1,341,018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 169,479 161,502
Other debtors 100 -
VAT 15,110 38,714
Prepayments 17,413 16,395
202,102 216,611

KATRON ENGINEERING PRECISION LIMITED (REGISTERED NUMBER: 01915734)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 52,470 58,883
Trade creditors 198,766 497,440
Tax 151,779 36,217
Social security and other taxes 5,948 4,401
Other creditors 373 -
Directors' loan accounts 22,917 7,201
Accrued expenses 3,033 7,455
435,286 611,597

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 104,939 150,996

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 157,409 209,879

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr D J Groves
Balance outstanding at start of year (2,521 ) (2,521 )
Amounts advanced 106 -
Amounts repaid (15,822 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (18,237 ) (2,521 )

Mrs M M Groves
Balance outstanding at start of year (815 ) (815 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (815 ) (815 )

Mr A J Groves
Balance outstanding at start of year (3,865 ) (3,865 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,865 ) (3,865 )

Interest has not been charged on the loans and there are no set repayment terms.

KATRON ENGINEERING PRECISION LIMITED (REGISTERED NUMBER: 01915734)

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

10. POST BALANCE SHEET EVENTS

The company, at the end of the financial year, has committed to the purchase of new plant and machinery. A deposit has been paid towards the cost and the outstanding balance is reflected in liabilities at the end of the year.