| K C Precision Limited |
| Registered number: |
03109470 |
| Balance Sheet |
| as at 30 April 2025 |
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| Notes |
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2025 |
|
2024 |
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£ |
£ |
|
£ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
2 |
|
|
2 |
|
| Current assets |
| Stocks |
|
|
3,500 |
|
|
2,500 |
| Debtors |
4 |
|
48,566 |
|
|
56,976 |
| Cash at bank and in hand |
|
|
372 |
|
|
369 |
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|
52,438 |
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|
59,845 |
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|
|
|
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|
| Creditors: amounts falling due within one year |
5 |
|
(81,015) |
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|
(63,147) |
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| Net current liabilities |
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(28,577) |
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|
(3,302) |
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| Total assets less current liabilities |
|
|
|
(28,575) |
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|
(3,300) |
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| Creditors: amounts falling due after more than one year |
6 |
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(2,500) |
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(12,500) |
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| Net liabilities |
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|
(31,075) |
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(15,800) |
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| Capital and reserves |
| Called up share capital |
|
|
|
100 |
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|
100 |
| Profit and loss account |
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(31,175) |
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(15,900) |
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| Shareholders' funds |
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|
(31,075) |
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(15,800) |
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| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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|
| C Norris |
| Director |
| Approved by the board on 19 August 2025 |
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| K C Precision Limited |
| Notes to the Accounts |
| for the year ended 30 April 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises revenue earned from the sale of goods and is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Computer equipment |
25% reducing balance basis |
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Plant and machinery |
20% reducing balance basis |
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Stocks |
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Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
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Average number of persons employed by the company |
4 |
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3 |
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| 3 |
Tangible fixed assets |
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Plant and machinery etc |
| £ |
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Cost |
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At 1 May 2024 |
7,532 |
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At 30 April 2025 |
7,532 |
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Depreciation |
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At 1 May 2024 |
7,530 |
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At 30 April 2025 |
7,530 |
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Net book value |
|
At 30 April 2025 |
2 |
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At 30 April 2024 |
2 |
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| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
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Trade debtors |
46,040 |
|
54,403 |
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Prepayments and accrued income |
|
2,526 |
|
2,573 |
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|
48,566 |
|
56,976 |
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| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
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Bank loans and overdrafts |
64,298 |
|
49,206 |
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Trade creditors |
9,020 |
|
4,271 |
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Other taxes and social security costs |
1,349 |
|
4,245 |
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Directors loans |
1,629 |
|
1,034 |
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Accruals and deferred income |
4,719 |
|
4,391 |
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|
81,015 |
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63,147 |
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| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
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Bank loans |
2,500 |
|
12,500 |
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| 7 |
Pension commitments |
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The company operates a non-contributory scheme for it's directors. It is a defined contribution scheme and contributions are charged to the profit and loss account as they accrue.The charge for the year was £5,214 (2024: £5,214). it also operates a 'Nest' Scheme for it's employees, contributions were £1,292 (2024- £1,510). |
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| 8 |
Related party transactions |
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C Norris, the director of the company rented property and machinery to the company to the value of £14,400 (2024 £15,400). Also a recharge of net expenses of £1,000 (2024 - £5,059) were made to him. |
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| 9 |
Other information |
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K C Precision Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Armoury Works |
|
Armoury Road |
|
Small Heath |
|
Birmingham |
|
B11 2PP |