Bingham Precision Engineers Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04987258 (England and Wales)

Unaudited Financial Statements

for the Period 1 January 2025 to 31 March 2025

for

Bingham Precision Engineers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr W Bingham

SECRETARY:

Mrs S Bingham

REGISTERED OFFICE:

Broom House

39/43 London Road

Hadleigh

Benfleet

Essex

SS7 2QL

REGISTERED NUMBER:

04987258 (England and Wales)

ACCOUNTANTS:

BPSL

Brooms Professional Services Limited

Chartered Certified Accountants

Broom House

39/43 London Road

Hadleigh, Benfleet

Essex

SS7 2QL

FIXED ASSETS

Tangible assets

4

14,034

15,199

CURRENT ASSETS

Debtors

5

121,552

98,875

Cash at bank

111

440

121,663

99,315

CREDITORS

Amounts falling due within one year

6

158,070

185,208

NET CURRENT LIABILITIES

(36,407

)

(85,893

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(22,373

)

(70,694

)

CREDITORS

Amounts falling due after more than one year

7

(21,084

)

(13,558

)

PROVISIONS FOR LIABILITIES

8,175

-

NET LIABILITIES

(35,282

)

(84,252

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(35,382

)

(84,352

)

(35,282

)

(84,252

)

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 12 September 2025 and were signed by:

Mr W Bingham - Director

1.	STATUTORY INFORMATION

Bingham Precision Engineers 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

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 period was 5 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Equipment

Totals

£

COST

At 1 January 2025

368,630

10,464

4,191

383,285

Additions

-

166

At 31 March 2025

368,630

10,464

4,357

383,451

DEPRECIATION

At 1 January 2025

351,012

10,091

3,663

364,766

Charge for period

4,405

93

153

4,651

At 31 March 2025

355,417

10,184

3,816

369,417

NET BOOK VALUE

At 31 March 2025

13,213

280

541

14,034

At 31 December 2024

17,618

373

528

18,519

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.12.24

£

Trade debtors

82,204

88,116

Other debtors

22,739

-

Directors' current accounts

9,138

2,833

Prepayments and accrued income

7,471

7,926

121,552

98,875

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.12.24

£

Bank loans and overdrafts

26,304

76,347

Hire purchase contracts

27,233

19,976

Trade creditors

68,944

68,010

Social security and other taxes

9,675

7,152

VAT

23,156

12,752

Pension fund

508

471

Accrued expenses

2,250

500

158,070

185,208

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.12.24

£

Hire purchase contracts

21,084

13,558