Bromfield Precision Engineering Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04327638

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		150,509		151,915

			150,509		151,915
CURRENT ASSETS
Stocks	5	2,000		5,000
Debtors	6	25,705		29,479
Cash at bank and in hand		2,484		3,446

		30,189		37,925
Creditors: Amounts Falling Due Within One Year	7	(103,948 )		(94,295 )

NET CURRENT ASSETS (LIABILITIES)			(73,759 )		(56,370 )

TOTAL ASSETS LESS CURRENT LIABILITIES			76,750		95,545

Creditors: Amounts Falling Due After More Than One Year	8		(101,292 )		(115,572 )

NET LIABILITIES			(24,542 )		(20,027 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(24,642 )		(20,127 )

SHAREHOLDERS' FUNDS			(24,542)		(20,027)

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Bromfield Precision Engineering Ltd.

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr David Bromfield

Director

16/01/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Bromfield Precision Engineering Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 04327638 . The registered office is 905 Uxbridge Road, Hillingdon, Middlesex, UB10 0NH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0%
Plant & Machinery	15% and 25% reducing balance basis
Computer Equipment	33% straight line basis

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

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Bromfield Precision Engineering Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	143,002	175,932	1,086	320,020

As at 31 December 2024	143,002	175,932	1,086	320,020

Depreciation
As at 1 January 2024	-	167,019	1,086	168,105
Provided during the period	-	1,406	-	1,406

As at 31 December 2024	-	168,425	1,086	169,511

Net Book Value
As at 31 December 2024	143,002	7,507	-	150,509

As at 1 January 2024	143,002	8,913	-	151,915

5. Stocks

	2024	2023
	£	£
Stock	2,000	5,000

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	25,201	19,653
Other debtors - Movie Camera Support Ltd	504	504
Corporation tax debtor	-	9,322

	25,705	29,479

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Bromfield Precision Engineering Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	1,422	5,031
Bank loans and overdrafts	14,280	14,280
Other loans	42,333	-
Other taxes and social security	7	4
VAT	10,318	9,252
Other creditors	20,000	-
Accruals and deferred income	1,300	1,390
Director's loan account	14,288	64,338

	103,948	94,295

Bank loan is secured on the freehold of the property held by the company. The company had taken out the government business bounce back loan during the financial year. This loan was unsecured.

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	101,292	115,572

Bank loan is secured on the frehold of the property held by the company. The company had taken out the government business bounce back loan during the financial year. This loan was unsecured.

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

10. Related Party Transactions

Mr D Bromfield is the sole director and shareholder of the company.

Mr D Bromfield is also the sole director and shareholder of Movie Camera Support Limited during the financial year.

The company made sales of £6,626 (2023: £20,448) to Movie Camera Support Limited during the financial year.

The company was owed by Movie Camera Support Limited £12,000 (2023: £12,000) at the financial year end.

The company was owed by Movie Camera Support Limited £504 (2023: £504) through inter-company at the financial year end.

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