| MFV Precision Engineering Limited |
| Registered Number:09537404 |
For the year ended 30 April 2025
England and Wales
Unaudited Financial Statements
MFV Precision Engineering Limited
Statement of Financial Position
2024
2025
| Property, plant and equipment |
2,163
915
2
2,163
915
4,950
7,973
3
| Trade and other receivables |
24,903
32,035
4
85,645
| Cash and cash equivalents |
70,995
111,003
115,498
| Trade and other payables: amounts falling due within |
| one year |
(74,399)
(81,445)
5
41,099
29,558
Net current assets
| Total assets less current liabilities |
31,721
42,014
| Trade and other payables: amounts falling due after |
| more than one year |
(13,985)
(3,531)
6
(411)
(174)
| Provisions for liabilities |
27,779
Net assets
27,855
100
100
27,679
27,755
27,779
27,855
Shareholders' funds
| For the year ended 30 April 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 30 April 2025
MFV Precision Engineering Limited
Statement of Financial Position Continued
| These financial statements were approved and authorised for issue by the Board on 24 October 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 April 2025
MFV Precision Engineering Limited
Notes to the Financial Statements
Statutory Information
| MFV Precision Engineering Limited is a private limited company, limited by shares, domiciled in |
| England and Wales, registration number 09537404. |
Unit 5 Knowle Industrial Estate
Knowle
Braunton
Devon
EX33 2NA
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of |
| Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic |
| of Ireland' and the Companies Act 2006. The financial statements have been prepared under the |
| historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Motor vehicles
Government grants
| Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
Inventories are valued at the lower of cost and selling price less costs to complete and sell.
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but are not reversed at the statement of financial position date. |
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For the year ended 30 April 2025
MFV Precision Engineering Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
9,404
-
9,404
2,801
2,400
401
9,805
2,400
12,205
| Provision for depreciation and impairment |
8,489
-
8,489
Charge for year
1,553
600
953
10,042
600
9,442
363
1,800
2,163
915
-
915
2024
2025
7,973
4,950
| Inventories are valued at the lower of cost and selling price less costs to complete and sell. Cost is defined as the actual cost of materials. Provision is made for obsolete and slow-moving items. In respect of work in progress this is the percentage of any sales contract that has been completed within the year but invoiced after the year end and is based on the sales invoice total. |
| 4. Trade and other receivables |
2024
2025
31,311
24,528
724
375
24,903
32,035
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For the year ended 30 April 2025
MFV Precision Engineering Limited
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2024
2025
10,454
10,174
7,940
2,946
| Taxation and social security |
3,348
6,004
59,703
55,275
81,445
74,399
| 6. Trade and other payables: amounts falling due after more than one year |
2024
2025
3,531
13,985
| 7. Average number of persons employed |
During the year the average number of employees was 3 (2024 : 3)
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