REGISTERED NUMBER: 04310365 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th April 2025

for

H & P PRECISION UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J D Packwood

Mr C N Packwood

REGISTERED OFFICE:

Unit 10

Prospect Drive

Lichfield

Staffordshire

WS14 9UX

REGISTERED NUMBER:

04310365 (England and Wales)

FIXED ASSETS

Intangible assets

4

3,000

4,500

Tangible assets

5

110,582

126,134

113,582

130,634

CURRENT ASSETS

Debtors

6

88,586

79,042

Cash at bank

16,602

10,121

105,188

89,163

CREDITORS

Amounts falling due within one year

7

92,769

110,528

NET CURRENT ASSETS/(LIABILITIES)

12,419

(21,365

)

TOTAL ASSETS LESS CURRENT LIABILITIES

126,001

109,269

CREDITORS

Amounts falling due after more than one year

8

39,000

21,964

NET ASSETS

87,001

87,305

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

86,901

87,205

87,001

87,305

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 11th November 2025 and were signed on its behalf by:

Mr C N Packwood - Director

1.	STATUTORY INFORMATION

H & P Precision UK 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

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.

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 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st May 2024

and 30th April 2025

15,000

AMORTISATION

At 1st May 2024

10,500

Charge for year

1,500

At 30th April 2025

12,000

NET BOOK VALUE

At 30th April 2025

3,000

At 30th April 2024

4,500

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1st May 2024

359,562

8,945

368,507

Additions

3,445

-

3,445

At 30th April 2025

363,007

8,945

371,952

DEPRECIATION

At 1st May 2024

234,984

7,389

242,373

Charge for year

18,686

311

18,997

At 30th April 2025

253,670

7,700

261,370

NET BOOK VALUE

At 30th April 2025

109,337

1,245

110,582

At 30th April 2024

124,578

1,556

126,134

6.

DEBTORS

30.4.25

30.4.24

£

£

Amounts falling due within one year:

Trade debtors

71,173

76,836

Other debtors

-

2,206

71,173

79,042

Amounts falling due after more than one year:

Other debtors

17,413

-

Aggregate amounts

88,586

79,042

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

7,403

10,648

Hire purchase contracts

20,156

23,780

Trade creditors

5,403

11,579

Taxation and social security

41,071

46,271

Other creditors

18,736

18,250

92,769

110,528

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

30,000

10,883

Other creditors

9,000

11,081

39,000

21,964

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

30,000

-

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th April 2025 and 30th April 2024:

30.4.25

30.4.24

£

£

Mr J D Packwood

Balance outstanding at start of year

(108

)

(7,049

)

Amounts advanced

7,967

6,941

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,859

(108

)

Mr C N Packwood

Balance outstanding at start of year

(1,974

)

(7,105

)

Amounts advanced

11,528

5,131

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,554

(1,974

)