Duckworth & Kent (Precision Components) Limited 31/01/2025 iXBRL

Company registration number: 01209194

Duckworth & Kent (Precision Components) Limited

Unaudited filleted financial statements

31 January 2025

Duckworth & Kent (Precision Components) Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Duckworth & Kent (Precision Components) Limited

Directors and other information


	Directors	Mr N J Drake
		Mr S Merola


	Company number	01209194


	Registered office	Unit 1
		2 Edison Road
		St. Ives
		Cambridgeshire
		PE27 3LF


	Accountants	Hicks and Company
		Chartered Accountants
		First Floor
		99 Bancroft
		Hitchin
		Hertfordshire
		SG5 1NQ




	Bankers	Barclays Bank Plc
		41 High Street
		St Neots
		Huntingdon
		Cambridgeshire

Duckworth & Kent (Precision Components) Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Duckworth & Kent (Precision Components) Limited

Year ended 31 January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Duckworth & Kent (Precision Components) Limited for the year ended 31 January 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Duckworth & Kent (Precision Components) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Duckworth & Kent (Precision Components) Limited and state those matters that we have agreed to state to the board of directors of Duckworth & Kent (Precision Components) Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Duckworth & Kent (Precision Components) Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Duckworth & Kent (Precision Components) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Duckworth & Kent (Precision Components) Limited. You consider that Duckworth & Kent (Precision Components) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Duckworth & Kent (Precision Components) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hicks and Company

Chartered Accountants

First Floor

99 Bancroft

Hitchin

Hertfordshire

SG5 1NQ

23 October 2025

Duckworth & Kent (Precision Components) Limited

Statement of financial position

31 January 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	247,570		102,705
		_______		_______
			247,570		102,705

Current assets
Stocks		21,870		44,250
Debtors	6	140,839		222,369
Cash at bank and in hand		152,515		2
		_______		_______
		315,224		266,621
Creditors: amounts falling due
within one year	7	( 161,283)		( 156,364)
		_______		_______
Net current assets			153,941		110,257
			_______		_______
Total assets less current liabilities			401,511		212,962

Creditors: amounts falling due
after more than one year	8		( 106,257)		( 34,452)

Provisions for liabilities			( 61,233)		-

			_______		_______
Net assets			234,021		178,510
			_______		_______

Capital and reserves
Called up share capital			500		500
Profit and loss account			233,521		178,010
			_______		_______
Shareholders funds			234,021		178,510
			_______		_______

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 23 October 2025 , and are signed on behalf of the board by:

Mr N J Drake Mr S Merola

Director Director

Company registration number: 01209194

Duckworth & Kent (Precision Components) Limited

Notes to the financial statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in UK. The address of the registered office is Unit 1, 2 Edison Road, St. Ives, Cambridgeshire, PE27 3LF.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on a going concern basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	4 years or 10 years
Fittings fixtures and equipment	-	4 years
Motor vehicles	-	5 years

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates. No depreciation is provided in the year of purchase with a full years charge in the year of sale.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2024: 9 ).

5. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 February 2024	751,223	14,952	10,089	776,264
Additions	156,731	-	-	156,731
	_______	_______	_______	_______
At 31 January 2025	907,954	14,952	10,089	932,995
	_______	_______	_______	_______
Depreciation
At 1 February 2024	648,534	14,937	10,088	673,559
Charge for the year	11,866	-	-	11,866
	_______	_______	_______	_______
At 31 January 2025	660,400	14,937	10,088	685,425
	_______	_______	_______	_______
Carrying amount
At 31 January 2025	247,554	15	1	247,570
	_______	_______	_______	_______
At 31 January 2024	102,689	15	1	102,705
	_______	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	129,372	211,474
Other debtors	11,467	10,895
	_______	_______
	140,839	222,369
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	36,462	79,483
Trade creditors	29,481	27,918
Corporation tax	16,327	1,324
Social security and other taxes	38,538	42,080
Other creditors	40,475	5,559
	_______	_______
	161,283	156,364
	_______	_______

Included in other creditors are obligations under hire purchase agreements of £34,967 which are secured by the company on the assets subject to the agreement.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	28,785	34,452
Other creditors	77,472	-
	_______	_______
	106,257	34,452
	_______	_______

Included in other creditors are obligations under hire purchase agreements of £77,472, which are secured by the company on the assets subject to the agreement.

9. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	31,000	29,800
Later than 1 year and not later than 5 years	-	31,000
	_______	_______
	31,000	60,800
	_______	_______