REGISTERED NUMBER: 04460767

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2024 TO 31 MARCH 2025

FOR

K & M PRECISION ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D S Dunderdale

R Murphy

REGISTERED OFFICE:

Unit 15 Talbot Road Industrial Centre

Leyland

Preston

Lancashire

PR25 2ZF

REGISTERED NUMBER:

04460767

ACCOUNTANTS:

Turner & Turner (Preston) Ltd

Chartered Accountants

9 Victoria Rd

Fulwood

Preston

Lancashire

PR2 8ND

FIXED ASSETS

Tangible assets

4

452,941

451,562

CURRENT ASSETS

Stocks

9,500

9,500

Debtors

5

397,759

648,080

Cash at bank

322,617

831,323

729,876

1,488,903

CREDITORS

Amounts falling due within one year

6

235,005

270,787

NET CURRENT ASSETS

494,871

1,218,116

TOTAL ASSETS LESS CURRENT LIABILITIES

947,812

1,669,678

CREDITORS

Amounts falling due after more than one year

7

(112,168

)

(125,559

)

PROVISIONS FOR LIABILITIES

(55,459

)

(72,627

)

NET ASSETS

780,185

1,471,492

CAPITAL AND RESERVES

Called up share capital

31

100

Capital redemption reserve

69

-

Retained earnings

780,085

1,471,392

780,185

1,471,492

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 17 December 2025 and were signed on its behalf by:

Mrs D S Dunderdale - Director

1.	STATUTORY INFORMATION

K & M Precision Engineering Limited is a private company, limited by shares , registered in Not specified/Other. 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 the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

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

Taxation

Taxation for the period 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 period 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 period was 13 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2024

173,800

925,327

56,190

45,764

1,201,081

Additions

-

28,500

-

2,665

31,165

At 31 March 2025

173,800

953,827

56,190

48,429

1,232,246

DEPRECIATION

At 1 October 2024

12,746

680,751

21,949

34,073

749,519

Charge for period

1,738

20,481

4,280

3,287

29,786

At 31 March 2025

14,484

701,232

26,229

37,360

779,305

NET BOOK VALUE

At 31 March 2025

159,316

252,595

29,961

11,069

452,941

At 30 September 2024

161,054

244,576

34,241

11,691

451,562

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

316,365

371,020

Other debtors

81,394

277,060

397,759

648,080

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

70,633

75,971

Hire purchase contracts

10,238

5,238

Trade creditors

46,977

43,108

Taxation and social security

92,642

133,616

Other creditors

14,515

12,854

235,005

270,787

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

81,692

112,464

Hire purchase contracts

30,476

13,095

112,168

125,559