REGISTERED NUMBER: 08347158 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Reynolds Precision Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr E H Reynolds

Mrs A B Reynolds

REGISTERED OFFICE:

Manor House

Main Street

Little Harrowden

Wellingborough

Northamptonshire

NN9 5BB

REGISTERED NUMBER:

08347158 (England and Wales)

ACCOUNTANTS:

Richard Clarke & Co (At Your Service) Ltd

Unit 3, Mobbs Miller House

Christchurch Road

Northampton

Northamptonshire

NN1 5LL

FIXED ASSETS

Tangible assets

4

46,559

36,995

CURRENT ASSETS

Stocks

2,600

5,306

Debtors

5

32,977

25,244

Cash at bank

18,030

29,148

53,607

59,698

CREDITORS

Amounts falling due within one year

6

47,736

37,425

NET CURRENT ASSETS

5,871

22,273

TOTAL ASSETS LESS CURRENT LIABILITIES

52,430

59,268

PROVISIONS FOR LIABILITIES

8,846

7,029

NET ASSETS

43,584

52,239

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

43,484

52,139

43,584

52,239

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

Mr E H Reynolds - Director

1.	STATUTORY INFORMATION

Reynolds Precision 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.

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, 20% on reducing balance 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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

Tractors

equipment

Totals

£

£

£

£

£

Cost

At 1 April 2024

70,345

1,080

12,558

558

84,541

Additions

21,568

800

-

-

22,368

Disposals

(5,050

)

(10

)

-

(268

)

(5,328

)

At 31 March 2025

86,863

1,870

12,558

290

101,581

Depreciation

At 1 April 2024

37,507

567

9,107

365

47,546

Charge for year

10,644

187

690

97

11,618

Eliminated on disposal

(3,863

)

(10

)

-

(269

)

(4,142

)

At 31 March 2025

44,288

744

9,797

193

55,022

Net book value

At 31 March 2025

42,575

1,126

2,761

97

46,559

At 31 March 2024

32,838

513

3,451

193

36,995

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

14,714

22,093

Other debtors

18,263

3,151

32,977

25,244

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

3,600

5,706

Taxation and social security

7,136

9,084

Other creditors

37,000

22,635

47,736

37,425