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REGISTERED NUMBER: 03471486 (England and Wales)












FLAVELL PRECISION ENGINEERING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






FLAVELL PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 03471486)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLAVELL PRECISION ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: Mr C Banks





SECRETARY: Mrs P Banks





REGISTERED OFFICE: Unit 29, Wood Street
Park Village
Wolverhampton
West Midlands
WV10 9DS





REGISTERED NUMBER: 03471486 (England and Wales)





ACCOUNTANTS: Wallace Crooke Walsall Limited
Chartered Accountants
Wallace House
20 Birmingham Road
Walsall
West Midlands
WS1 2LT

FLAVELL PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 03471486)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 29,269 24,756
29,269 24,756

CURRENT ASSETS
Stocks 4,821 5,540
Debtors 6 75,053 68,034
Cash at bank 134,919 97,247
214,793 170,821
CREDITORS
Amounts falling due within one year 7 88,227 66,131
NET CURRENT ASSETS 126,566 104,690
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,835

129,446

CREDITORS
Amounts falling due after more than one
year

8

9,644

19,903
NET ASSETS 146,191 109,543

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 146,189 109,541
SHAREHOLDERS' FUNDS 146,191 109,543

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

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

FLAVELL PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 03471486)

BALANCE SHEET - continued
30 NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 August 2025 and were signed by:





Mr C Banks - Director


FLAVELL PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 03471486)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Flavell 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.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

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 1999, is being amortised evenly over its estimated useful life of ten 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, 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.

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 - 3 ) .

FLAVELL PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 03471486)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 43,323
AMORTISATION
At 1 December 2023
and 30 November 2024 43,323
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 62,057 4,695 680 67,432
Additions 8,300 - - 8,300
Disposals (4,177 ) - - (4,177 )
At 30 November 2024 66,180 4,695 680 71,555
DEPRECIATION
At 1 December 2023 38,522 3,581 573 42,676
Charge for year 2,490 279 27 2,796
Eliminated on disposal (3,186 ) - - (3,186 )
At 30 November 2024 37,826 3,860 600 42,286
NET BOOK VALUE
At 30 November 2024 28,354 835 80 29,269
At 30 November 2023 23,535 1,114 107 24,756

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 72,016 64,965
Other debtors 3,037 3,069
75,053 68,034

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,267 10,021
Trade creditors 18,179 18,623
Taxation and social security 54,097 34,688
Other creditors 5,684 2,799
88,227 66,131

FLAVELL PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 03471486)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,644 19,903

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2