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REGISTERED NUMBER: 04472387 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Bibby Precision Engineering Limited

Bibby Precision Engineering Limited (Registered number: 04472387)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bibby Precision Engineering Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: R W Hoiles





SECRETARY: Mrs I C Hoiles





REGISTERED OFFICE: Unit 4 Riverview Business Park
Shore Wood Road
Riverview Road
Bromborough
WIRRAL
CH62 3RQ





REGISTERED NUMBER: 04472387 (England and Wales)





ACCOUNTANTS: Johnstone Howell & Co
104 Whitby Road
Ellesmere Port
Cheshire
CH65 0AB

Bibby Precision Engineering Limited (Registered number: 04472387)

Balance Sheet
31 March 2025

2025 2024
Notes £ £ £
FIXED ASSETS
Tangible assets 4 239,345 212,827

CURRENT ASSETS
Stocks 91,249 100,950
Debtors 5 334,993 218,007
Cash at bank 251,839 333,932
678,081 652,889
CREDITORS
Amounts falling due within one year 6 151,121 238,793
NET CURRENT ASSETS 526,960 414,096
TOTAL ASSETS LESS CURRENT
LIABILITIES

766,305

626,923

CREDITORS
Amounts falling due after more than one
year

7

(27,108

)

(53,100

)

PROVISIONS FOR LIABILITIES 8 (44,392 ) (39,039 )
NET ASSETS 694,805 534,784

CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 64,800 81,000
Retained earnings 10 630,004 453,783
SHAREHOLDERS' FUNDS 694,805 534,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Bibby Precision Engineering Limited (Registered number: 04472387)

Balance Sheet - continued
31 March 2025


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 18 June 2025 and were signed by:





R W Hoiles - Director


Bibby Precision Engineering Limited (Registered number: 04472387)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Bibby Precision Engineering 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 as modified by the revaluation of certain assets.

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.
Plant and machinery - 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Bibby Precision Engineering Limited (Registered number: 04472387)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST OR VALUATION
At 1 April 2024 570,754 76,705 20,091 30,810 698,360
Additions 65,235 1,446 21,080 898 88,659
Disposals (16,308 ) - (9,331 ) (10,775 ) (36,414 )
At 31 March 2025 619,681 78,151 31,840 20,933 750,605
DEPRECIATION
At 1 April 2024 374,059 65,212 20,087 26,175 485,533
Charge for year 44,527 5,387 5,270 3,803 58,987
Eliminated on disposal (13,161 ) - (9,330 ) (10,769 ) (33,260 )
At 31 March 2025 405,425 70,599 16,027 19,209 511,260
NET BOOK VALUE
At 31 March 2025 214,256 7,552 15,813 1,724 239,345
At 31 March 2024 196,695 11,493 4 4,635 212,827

Cost or valuation at 31 March 2025 is represented by:

Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
Valuation in 2019 200,000 - - - 200,000
Cost 419,681 78,151 31,840 20,933 550,605
619,681 78,151 31,840 20,933 750,605

If plant and machinery had not been revalued they would have been included at the following historical cost:

2025 2024
£ £
Cost 419,681 370,754
Aggregate depreciation 285,425 274,059

Plant and machinery were valued on an open market basis on 31 March 2019 by the director .

Bibby Precision Engineering Limited (Registered number: 04472387)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors 286,207 214,843
Other debtors 45,379 -
Prepayments 3,407 3,164
334,993 218,007

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Bank loans and overdrafts 25,000 24,000
Trade creditors 36,492 57,135
Tax 528 55
Social security and other taxes 14,045 13,101
VAT 41,761 34,573
Other creditors 5,244 5,283
Directors' current accounts 11,417 90,265
Accrued expenses 16,634 14,381
151,121 238,793

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£ £
Bank loans - 1-2 years 25,000 24,000
Bank loans - 2-5 years 2,108 29,100
27,108 53,100

8. PROVISIONS FOR LIABILITIES
2025 2024
£ £
Deferred tax 44,392 39,039

Deferred tax
£
Balance at 1 April 2024 39,039
Provided during year 9,153
Revaluation of plant/machinery (3,800 )
Balance at 31 March 2025 44,392

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
1 Ordinary 1 1 1

Bibby Precision Engineering Limited (Registered number: 04472387)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

10. RESERVES
Retained Revaluation
earnings reserve Totals
£ £ £

At 1 April 2024 453,783 81,000 534,783
Profit for the year 160,521 160,521
Dividends (500 ) (500 )
Deferred tax movement (3,800 ) 3,800 -
Transfer excess depreciation
on revalued assets 20,000 (20,000 ) -
At 31 March 2025 630,004 64,800 694,804

11. ULTIMATE CONTROLLING PARTY

The controlling party is R W Hoiles.