REGISTERED NUMBER: 01820948 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Crewe Precision Engineering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C P Reade

SECRETARY:

Miss A Ollerhead

REGISTERED OFFICE:

Tricketts Lane

Willaston

Nantwich

Cheshire

CW5 6PY

REGISTERED NUMBER:

01820948 (England and Wales)

ACCOUNTANTS:

John Greenall & Co Limited

20 Crewe Road

Sandbach

Cheshire

CW11 4NE

FIXED ASSETS

Tangible assets

4

13,464

15,600

CURRENT ASSETS

Stocks

5,684

4,634

Debtors

5

121,365

112,900

Cash in hand

117

126

127,166

117,660

CREDITORS

Amounts falling due within one year

6

92,525

47,430

NET CURRENT ASSETS

34,641

70,230

TOTAL ASSETS LESS CURRENT LIABILITIES

48,105

85,830

CREDITORS

Amounts falling due after more than one year

7

(3,570

)

(13,520

)

PROVISIONS FOR LIABILITIES

-

(304

)

NET ASSETS

44,535

72,006

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Share premium

56,538

56,538

Capital redemption reserve

28,462

28,462

Retained earnings

(50,465

)

(22,994

)

44,535

72,006

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

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 22 September 2025 and were signed by:

C P Reade - Director

1.	STATUTORY INFORMATION

Crewe 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.

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 reducing balance

Fixtures and fittings

-

at varying rates on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

19,708

35,619

9,380

64,707

DEPRECIATION

At 1 January 2024

7,950

35,619

5,538

49,107

Charge for year

1,176

-

960

2,136

At 31 December 2024

9,126

35,619

6,498

51,243

NET BOOK VALUE

At 31 December 2024

10,582

-

2,882

13,464

At 31 December 2023

11,758

-

3,842

15,600

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

11,151

41,458

Amounts owed by group undertakings

102,908

56,971

Other debtors

7,306

14,471

121,365

112,900

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

26,018

18,229

Trade creditors

17,268

11,519

Amounts owed to group undertakings

13,266

5,563

Taxation and social security

1,203

6,605

Other creditors

34,770

5,514

92,525

47,430

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

3,570

13,520