Kirkby Precision Engineering Company Limited

Registered number

02170640

Filleted Accounts

31 March 2025

Kirkby Precision Engineering Company Limited
Registered number:		02170640
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets			14,184			16,783

Current assets
Stocks		35,537			26,787
Debtors	3	33,007			39,863
Cash at bank and in hand		108,481			110,476
		177,025			177,126

Creditors: amounts falling due within one year	4	(30,791)			(39,351)

Net current assets			146,234			137,775

Total assets less current liabilities			160,418			154,558

Creditors: amounts falling due after more than one year	5		(33,321)			(28,539)



Net assets			127,097			126,019

Capital and reserves
Called up share capital			100			100
Profit and loss account			126,997			125,919

Shareholders' funds			127,097			126,019

The directors are 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 directors acknowledge their 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.




V E Harris
Director
Approved by the board on 24 November 2025

Kirkby Precision Engineering Company Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	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 (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings	over the lease term
	Vehicles	over 5 years
	Plant and machinery	over 10 years
	Fixtures, fittings, tools and equipment	over 10 years

	Stocks
	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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		4		5


3	Debtors		2025		2024
£				£

	Trade debtors		25,835		30,278
	Other debtors		7,172		9,585
			33,007		39,863


4	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		5,789		5,789
	Trade creditors and accruals		12,424		9,195
	Other taxes and social security costs		10,427		20,386
	Other creditors		2,251		3,981
			30,791		39,351


5	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		23,684		28,539

	The company took out a Bounce Back Loan on 13 March 2021.
6	Loans		2025		2024
			£		£
	Creditors include:
	Instalments falling due for payment after more than five years		23,684		28,539


	The first repayment falls due in April 2022

7	Other information

	Kirkby Precision Engineering Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Ashcroft Road
	Knowsley Industrial Park North
	Kirkby
	Liverpool
	L33 7TW