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REGISTERED NUMBER: 09720929 (England and Wales)















LWW ENGINEERING PRECISION LIMITED

Unaudited Financial Statements

for the Year Ended 31 August 2024






LWW ENGINEERING PRECISION LIMITED (Registered number: 09720929)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LWW ENGINEERING PRECISION LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTOR: L Wilson





REGISTERED OFFICE: 1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ





REGISTERED NUMBER: 09720929 (England and Wales)





ACCOUNTANTS: Maclean & Company
1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ

LWW ENGINEERING PRECISION LIMITED (Registered number: 09720929)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 114,412 137,021

CURRENT ASSETS
Debtors 5 74,466 45,492
Cash at bank 31,434 11,018
105,900 56,510
CREDITORS
Amounts falling due within one year 6 112,771 107,611
NET CURRENT LIABILITIES (6,871 ) (51,101 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,541

85,920

CREDITORS
Amounts falling due after more than one
year

7

44,434

60,709
NET ASSETS 63,107 25,211

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 63,106 25,210
SHAREHOLDERS' FUNDS 63,107 25,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LWW ENGINEERING PRECISION LIMITED (Registered number: 09720929)

Balance Sheet - continued
31 August 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 director and authorised for issue on 27 May 2025 and were signed by:





L Wilson - Director


LWW ENGINEERING PRECISION LIMITED (Registered number: 09720929)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

LWW 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Equipment & fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

LWW ENGINEERING PRECISION LIMITED (Registered number: 09720929)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Equipment Motor
& fittings vehicles Totals
£    £    £   
COST
At 1 September 2023 194,784 196,194 390,978
Additions 7,711 5,000 12,711
At 31 August 2024 202,495 201,194 403,689
DEPRECIATION
At 1 September 2023 148,839 105,118 253,957
Charge for year 12,135 23,185 35,320
At 31 August 2024 160,974 128,303 289,277
NET BOOK VALUE
At 31 August 2024 41,521 72,891 114,412
At 31 August 2023 45,945 91,076 137,021

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023
and 31 August 2024 46,845
DEPRECIATION
At 1 September 2023 13,062
Charge for year 8,445
At 31 August 2024 21,507
NET BOOK VALUE
At 31 August 2024 25,338
At 31 August 2023 33,783

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 74,466 45,492

LWW ENGINEERING PRECISION LIMITED (Registered number: 09720929)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 5,095 5,095
Trade creditors 7,963 8,016
Taxation 25,565 10,755
Other creditors 74,148 83,745
112,771 107,611

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 20,833 30,833
Hire purchase contracts 23,601 29,876
44,434 60,709

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 20,833 30,833