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REGISTERED NUMBER: 00857801 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Dawson Precision Components Limited

Dawson Precision Components Limited (Registered number: 00857801)






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


Dawson Precision Components Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: W Dawson
F Dawson
S W Dawson
P Dawson
J Hughes



SECRETARY: J Hughes



REGISTERED OFFICE: Greenfield Lane
Shaw
Oldham
OL2 8QP



REGISTERED NUMBER: 00857801 (England and Wales)



ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR



BANKERS: Handelsbanken
4 Brewery Yard
Deva City Office Park
Trinity Way
Manchester
M3 7BB

Dawson Precision Components Limited (Registered number: 00857801)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,888,852 1,875,690

CURRENT ASSETS
Stocks 35,859 52,415
Debtors 6 427,522 712,441
Cash at bank and in hand 1,095,548 952,960
1,558,929 1,717,816
CREDITORS
Amounts falling due within one year 7 (1,185,362 ) (1,125,615 )
NET CURRENT ASSETS 373,567 592,201
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,262,419

2,467,891

CREDITORS
Amounts falling due after more than one
year

8

(178,075

)

(282,795

)

PROVISIONS FOR LIABILITIES (98,512 ) (93,895 )
NET ASSETS 1,985,832 2,091,201

CAPITAL AND RESERVES
Called up share capital 1,019 1,019
Other reserves 209,569 209,569
Retained earnings 1,775,244 1,880,613
1,985,832 2,091,201

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.

Dawson Precision Components Limited (Registered number: 00857801)

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by:





S W Dawson - Director


Dawson Precision Components Limited (Registered number: 00857801)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Dawson Precision Components 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

REVENUE RECOGNITION
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

TANGIBLE ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 25% on reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

STOCKS
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Dawson Precision Components Limited (Registered number: 00857801)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

FINANCE LEASES AND HIRE PURCHASE CONTRACTS
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

DEFINED CONTRIBUTION PLANS
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

IMPAIRMENT OF FIXED ASSETS
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Dawson Precision Components Limited (Registered number: 00857801)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. ACCOUNTING POLICIES - continued

PROVISIONS
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2023 - 44 ) .

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 October 2023 1,293,432 3,678,660 82,145 5,054,237
Additions 187,178 6,898 - 194,076
Disposals (60,000 ) (52,425 ) - (112,425 )
At 30 September 2024 1,420,610 3,633,133 82,145 5,135,888
DEPRECIATION
At 1 October 2023 - 3,140,000 38,547 3,178,547
Charge for year - 108,774 10,900 119,674
Eliminated on disposal - (51,185 ) - (51,185 )
At 30 September 2024 - 3,197,589 49,447 3,247,036
NET BOOK VALUE
At 30 September 2024 1,420,610 435,544 32,698 1,888,852
At 30 September 2023 1,293,432 538,660 43,598 1,875,690

Dawson Precision Components Limited (Registered number: 00857801)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS - continued

The directors have considered the fair value of the property at September 30, 2024 and believe that £1,420,610 continues to be a fair value of the property.

The historic cost of the property shown at valuation above is £1,420,610 less historic depreciation of £122,348.

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:


Plant and
machinery

Motor vehicles

Total
£££
At 30 September 2024320,9909,431330,421
At 30 September 2023525,18416,765541,949

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 409,774 684,856
Other debtors 17,748 27,585
427,522 712,441

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 685,417 535,083
Hire purchase contracts 104,720 132,334
Trade creditors 90,389 140,939
Taxation and social security 215,843 213,212
Other creditors 88,993 104,047
1,185,362 1,125,615

The bank loan is secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 178,075 282,795

The bank loan is secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.

Dawson Precision Components Limited (Registered number: 00857801)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors entered into the following advances and credits with the company:
2024

Particulars
Balance brought
forward
Advances/ (credits) to
the directors
Balance
outstanding
£££
W Dawson (8,041)(1,552) (9,593)
F Dawson (14,345)(871) (15,216)
P Dawson (8,645)440 (8,205)
(31,031)(1,983) (33,014)
2023

Particulars
Balance brought
forward
Advances/ (credits) to
the directors
Balance
outstanding
W Dawson(8,119)78 (8,041)
F Dawson(12,198)(2,147)(14,345)
P Dawson(5,125)(3,520) (8,645)
(25,442)(5,589) (31,031)

10. FINANCE LEASES AND HIRE PURCHASE CONTRACTS

The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

2024 2023
£ £
Not later than 1 year 104,720 132,334
Later than 1 year and not later than 5 years 178,075 282,795
282,795 415,129