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REGISTERED NUMBER: 07031517 (England and Wales)















TARVIN PRECISION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025






TARVIN PRECISION LIMITED (REGISTERED NUMBER: 07031517)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TARVIN PRECISION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2025







DIRECTORS: D R Cooper
D Morgan
H Latham
Mrs M M Cooper
Mrs C A Morgan





REGISTERED OFFICE: Unit 2
Hawarden Business Park
Manor Road
Hawarden
Flintshire
CH5 3US





REGISTERED NUMBER: 07031517 (England and Wales)






TARVIN PRECISION LIMITED (REGISTERED NUMBER: 07031517)

BALANCE SHEET
30 APRIL 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 128,962 189,200
128,962 189,200

CURRENT ASSETS
Stocks 6 278,933 265,524
Debtors 7 236,574 276,893
Cash at bank 9,783 19,193
525,290 561,610
CREDITORS
Amounts falling due within one year 8 378,883 387,530
NET CURRENT ASSETS 146,407 174,080
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,369

363,280

CREDITORS
Amounts falling due after more than one
year

9

148,569

279,020
NET ASSETS 126,800 84,260

CAPITAL AND RESERVES
Called up share capital 11 400 400
Profit and loss account 126,400 83,860
SHAREHOLDERS' FUNDS 126,800 84,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

TARVIN PRECISION LIMITED (REGISTERED NUMBER: 07031517)

BALANCE SHEET - continued
30 APRIL 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 Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:




D R Cooper - Director



D Morgan - Director


TARVIN PRECISION LIMITED (REGISTERED NUMBER: 07031517)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

1. STATUTORY INFORMATION

Tarvin 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 the amount derived from ordinary activities, and stated after trade discounts, and net of VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

TARVIN PRECISION LIMITED (REGISTERED NUMBER: 07031517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2024
and 30 April 2025 350,000
AMORTISATION
At 1 May 2024
and 30 April 2025 350,000
NET BOOK VALUE
At 30 April 2025 -
At 30 April 2024 -

TARVIN PRECISION LIMITED (REGISTERED NUMBER: 07031517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2024 332,444 23,118 91,357 40,443 487,362
Disposals - - (31,458 ) - (31,458 )
At 30 April 2025 332,444 23,118 59,899 40,443 455,904
DEPRECIATION
At 1 May 2024 195,801 22,921 45,597 33,843 298,162
Charge for year 31,405 142 10,665 2,952 45,164
Eliminated on disposal - - (16,384 ) - (16,384 )
At 30 April 2025 227,206 23,063 39,878 36,795 326,942
NET BOOK VALUE
At 30 April 2025 105,238 55 20,021 3,648 128,962
At 30 April 2024 136,643 197 45,760 6,600 189,200


6. STOCKS
2025 2024
£    £   
Stocks 278,933 265,524

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 195,132 237,674
Other debtors 1,724 1,724
Prepayments and accrued income 39,718 37,495
236,574 276,893

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other loans 30,918 50,952
Hire purchase contracts 31,406 31,406
Trade creditors 68,204 52,130
Invoice finance creditor 160,995 171,325
Corporation tax 18,814 8,803
Social security and other taxes 35,774 42,442
Accruals and deferred income 32,772 30,472
378,883 387,530

TARVIN PRECISION LIMITED (REGISTERED NUMBER: 07031517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Other loans - 30,918
Hire purchase contracts 76,449 107,855
Directors' loan accounts 232 37,887
Accruals and deferred income 71,888 102,360
148,569 279,020

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 107,855 139,261
Invoice finance creditor 160,995 171,325
268,850 310,586

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
400 Ordinary £1 400 400

12. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £216,000 (2024 : £270,000).

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

2025 2024
£    £   
D R Cooper
Balance outstanding at start of year - 8,198
Amounts repaid - (8,198 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -