REGISTERED NUMBER: 03382113 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Kasl Precision Machining Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M S Styan

REGISTERED OFFICE:

Commerce Way Arena Business Park

Rainton Bridge Industrial Estate

Houghton Le Spring

Tyne and Wear

DH4 5PP

REGISTERED NUMBER:

03382113 (England and Wales)

ACCOUNTANTS:

Wasley Chapman LLP

Chartered Accountants

7 Eggleston Court

Riverside Park

Middlesbrough

TS2 1RU

FIXED ASSETS

Intangible assets

4

2

167

Tangible assets

5

982,475

678,376

982,477

678,543

CURRENT ASSETS

Stocks

98,901

90,514

Debtors

6

1,378,425

1,053,725

Cash at bank and in hand

30,307

24,880

1,507,633

1,169,119

CREDITORS

Amounts falling due within one year

7

1,162,439

767,018

NET CURRENT ASSETS

345,194

402,101

TOTAL ASSETS LESS CURRENT LIABILITIES

1,327,671

1,080,644

CREDITORS

Amounts falling due after more than one year

8

(573,326

)

(364,103

)

PROVISIONS FOR LIABILITIES

(68,778

)

(68,778

)

NET ASSETS

685,567

647,763

CAPITAL AND RESERVES

Called up share capital

11,500

11,500

Retained earnings

674,067

636,263

685,567

647,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 8 October 2025 and were signed by:

M S Styan - Director

1.	STATUTORY INFORMATION

Kasl Precision Machining 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.

Computer software is being amortised evenly over its 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Improvements to property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

33% on cost

Computer equipment

-

33% 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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 20 (2023 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

10,475

AMORTISATION

At 1 January 2024

10,308

Charge for year

165

At 31 December 2024

10,473

NET BOOK VALUE

At 31 December 2024

2

At 31 December 2023

167

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 January 2024

345,784

70,412

872,632

Additions

-

46,105

389,364

Disposals

-

-

(143,120

)

At 31 December 2024

345,784

116,517

1,118,876

DEPRECIATION

At 1 January 2024

82,991

16,818

518,638

Charge for year

6,915

1,551

63,290

Eliminated on disposal

-

-

(80,943

)

At 31 December 2024

89,906

18,369

500,985

NET BOOK VALUE

At 31 December 2024

255,878

98,148

617,891

At 31 December 2023

262,793

53,594

353,994

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

11,228

23,387

42,522

1,365,965

Additions

-

-

7,623

443,092

Disposals

-

-

-

(143,120

)

At 31 December 2024

11,228

23,387

50,145

1,665,937

DEPRECIATION

At 1 January 2024

8,486

22,795

37,861

687,589

Charge for year

685

592

3,783

76,816

Eliminated on disposal

-

-

-

(80,943

)

At 31 December 2024

9,171

23,387

41,644

683,462

NET BOOK VALUE

At 31 December 2024

2,057

-

8,501

982,475

At 31 December 2023

2,742

592

4,661

678,376

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

318,862

9,000

327,862

Additions

388,584

-

388,584

Disposals

(57,500

)

-

(57,500

)

At 31 December 2024

649,946

9,000

658,946

DEPRECIATION

At 1 January 2024

45,434

8,408

53,842

Charge for year

55,770

592

56,362

Eliminated on disposal

(26,342

)

-

(26,342

)

At 31 December 2024

74,862

9,000

83,862

NET BOOK VALUE

At 31 December 2024

575,084

-

575,084

At 31 December 2023

273,428

592

274,020

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

530,679

543,735

Amounts owed by group undertakings

771,102

501,339

Other debtors

76,644

8,651

1,378,425

1,053,725

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

20,769

Hire purchase contracts

151,811

61,153

Trade creditors

498,387

298,244

Taxation and social security

218,874

75,492

Other creditors

293,367

311,360

1,162,439

767,018

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

395,509

173,078

Other creditors

177,817

191,025

573,326

364,103

2024

2023

£

£

Amounts falling due in more than five years:

Repayable by instalments

Commercial mortgage >5 years

131,358

148,942