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REGISTERED NUMBER: 06710924 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 September 2024

for

DJM Precision Engineering Ltd

DJM Precision Engineering Ltd (Registered number: 06710924)

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


DJM Precision Engineering Ltd

Company Information
For The Year Ended 30 September 2024







Directors: Mrs J C Malin
D J Malin





Secretary: Mrs J C Malin





Registered office: Unit 16 Litchborough Industrial Estate
Northampton Road
Litchborough
Towcester
Northamptonshire
NN12 8JB





Registered number: 06710924 (England and Wales)





Accountants: R Vann Ltd
Chartered Certified Accountants
Ironstone House
Ironstone Way
Brixworth
Northamptonshire
NN6 9UD

DJM Precision Engineering Ltd (Registered number: 06710924)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
Fixed assets
Intangible assets 4 4,000 5,000
Tangible assets 5 397,850 482,669
401,850 487,669

Current assets
Stocks 12,500 12,500
Debtors 6 88,229 113,526
Cash at bank 7,026 50,154
107,755 176,180
Creditors
Amounts falling due within one year 7 157,650 171,112
Net current (liabilities)/assets (49,895 ) 5,068
Total assets less current liabilities 351,955 492,737

Creditors
Amounts falling due after more than
one year

8

(144,985

)

(209,903

)

Provisions for liabilities (94,333 ) (87,560 )
Net assets 112,637 195,274

DJM Precision Engineering Ltd (Registered number: 06710924)

Balance Sheet - continued
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
Capital and reserves
Called up share capital 100 100
Retained earnings 112,537 195,174
112,637 195,274

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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:





Mrs J C Malin - Director


DJM Precision Engineering Ltd (Registered number: 06710924)

Notes to the Financial Statements
For The Year Ended 30 September 2024


1. Statutory information

DJM Precision Engineering Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33% on cost, 25% on cost and 10% 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 Statement of Income and Retained Earnings, 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.


DJM Precision Engineering Ltd (Registered number: 06710924)

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


2. Accounting policies - continued
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
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.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 4 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 October 2023
and 30 September 2024 20,000
Amortisation
At 1 October 2023 15,000
Charge for year 1,000
At 30 September 2024 16,000
Net book value
At 30 September 2024 4,000
At 30 September 2023 5,000

DJM Precision Engineering Ltd (Registered number: 06710924)

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


5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 October 2023 1,094,019
Additions 18,689
At 30 September 2024 1,112,708
Depreciation
At 1 October 2023 611,350
Charge for year 103,508
At 30 September 2024 714,858
Net book value
At 30 September 2024 397,850
At 30 September 2023 482,669

6. Debtors: amounts falling due within one year
30.9.24 30.9.23
£    £   
Trade debtors 70,223 108,984
Other debtors 18,006 4,542
88,229 113,526

7. Creditors: amounts falling due within one year
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,340 16,387
Hire purchase contracts 67,703 81,639
Trade creditors 19,992 30,445
Amounts owed to associates 25,000 -
Taxation and social security 30,792 33,519
Other creditors 3,823 9,122
157,650 171,112

DJM Precision Engineering Ltd (Registered number: 06710924)

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


8. Creditors: amounts falling due after more than one year
30.9.24 30.9.23
£    £   
Bank loans 7,022 17,362
Hire purchase contracts 137,963 192,541
144,985 209,903

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:

30.9.24 30.9.23
£    £   
D J Malin
Balance outstanding at start of year (2,500 ) (10,634 )
Amounts advanced 25,805 44,846
Amounts repaid (13,732 ) (36,712 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,573 (2,500 )

Mrs J C Malin
Balance outstanding at start of year (2,446 ) (9,050 )
Amounts advanced 10,319 33,364
Amounts repaid (1,500 ) (26,760 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,373 (2,446 )

10. Related party disclosures

The company trades with CNC Turned Products Limited: Mr and Mrs Malin are shareholders and directors of both companies. Services from CNC Turned Products Limited are provided on an arm's length basis and totalled £33,688 (2023 £25,136).
At 30 September 2024 £2,846 was due to CNC Turned Products Limited (2023 £3,456).