REGISTERED NUMBER: 05021724 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

DAVROMATIC PRECISION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M P Ollis

REGISTERED OFFICE:

Unit 8a Avon Industrial Estate

Rugby

Warwichshire

CV21 3UY

REGISTERED NUMBER:

05021724 (England and Wales)

ACCOUNTANTS:

Askews Chartered Certified Accountants

5 The Quadrant

Coventry

West Midlands

CV1 2EL

FIXED ASSETS

Intangible assets

4

25,888

25,888

Tangible assets

5

391,189

427,946

417,077

453,834

CURRENT ASSETS

Stocks

31,899

31,602

Debtors

6

144,578

128,299

Cash at bank and in hand

183,517

149,246

359,994

309,147

CREDITORS

Amounts falling due within one year

7

73,004

(25,339

)

NET CURRENT ASSETS

286,990

334,486

TOTAL ASSETS LESS CURRENT LIABILITIES

704,067

788,320

CREDITORS

Amounts falling due after more than one year

8

(1,932

)

(35,805

)

PROVISIONS FOR LIABILITIES

(71,155

)

(77,443

)

NET ASSETS

630,980

675,072

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

630,978

675,070

630,980

675,072

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 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 11 December 2025 and were signed by:

M P Ollis - Director

1.	STATUTORY INFORMATION

Davromatic Precision 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.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

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

Motor vehicles

-

25% Straight line

Computer equipment

-

25% 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 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Developmen

costs

£

COST

At 1 April 2024

and 31 March 2025

25,888

NET BOOK VALUE

At 31 March 2025

25,888

At 31 March 2024

25,888

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

1,259,746

6,592

10,402

1,276,740

Additions

1,722

-

-

1,722

At 31 March 2025

1,261,468

6,592

10,402

1,278,462

DEPRECIATION

At 1 April 2024

832,732

6,592

9,470

848,794

Charge for year

38,246

-

233

38,479

At 31 March 2025

870,978

6,592

9,703

887,273

NET BOOK VALUE

At 31 March 2025

390,490

-

699

391,189

At 31 March 2024

427,014

-

932

427,946

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

144,578

128,299

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,519

29,636

Trade creditors

24,392

9,715

Taxation and social security

11,367

(130,935

)

Other creditors

28,726

66,245

73,004

(25,339

)

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,932

35,805

9.	SECURED DEBTS

The bank overdraft is secured by a fixed and floating charge over all the property or undertaking

of the company including a negative pledge.

10.	RELATED PARTY DISCLOSURES

The company was under the control of Mr M Ollis throughout the current period. Mr M Ollis is the managing director and majority shareholder.

Mr M Ollis has a material interest in the Ollis Partnership and unincorporated partnership. During the year the company paid rent totalling £36,000 to the Ollis Partnership.