false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
false
No description of principal activity
2017-05-01
Sage Accounts Production Advanced 2018 Update 1 - FRS
67,000
67,000
55,075
55,075
11,925
xbrli:pure
xbrli:shares
iso4217:GBP
06878541
2017-05-01
2018-04-30
06878541
2018-04-30
06878541
2017-04-30
06878541
2017-04-30
06878541
core:PlantMachinery
2017-05-01
2018-04-30
06878541
bus:LeadAgentIfApplicable
2017-05-01
2018-04-30
06878541
bus:Director1
2017-05-01
2018-04-30
06878541
core:PlantMachinery
2017-04-30
06878541
core:WithinOneYear
2018-04-30
06878541
core:WithinOneYear
2017-04-30
06878541
core:ShareCapital
2018-04-30
06878541
core:ShareCapital
2017-04-30
06878541
core:RetainedEarningsAccumulatedLosses
2018-04-30
06878541
core:RetainedEarningsAccumulatedLosses
2017-04-30
06878541
core:PlantMachinery
2017-04-30
06878541
bus:SmallEntities
2017-05-01
2018-04-30
06878541
bus:AuditExemptWithAccountantsReport
2017-05-01
2018-04-30
06878541
bus:FullAccounts
2017-05-01
2018-04-30
06878541
bus:SmallCompaniesRegimeForAccounts
2017-05-01
2018-04-30
06878541
bus:PrivateLimitedCompanyLtd
2017-05-01
2018-04-30
COMPANY REGISTRATION NUMBER:
06878541
A5 Precision Tooling Limited
|
|
Filleted Unaudited Financial Statements
|
|
A5 Precision Tooling Limited
|
|
Year ended 30 April 2018
Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements
|
1
|
|
|
Statement of financial position
|
2
|
|
|
Notes to the financial statements
|
3
|
|
|
A5 Precision Tooling Limited
|
|
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
A5 Precision Tooling Limited
|
|
Year ended 30 April 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A5 Precision Tooling Limited for the year ended 30 April 2018, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the director of A5 Precision Tooling Limited in accordance with the terms of our engagement letter dated 11 April 2016. Our work has been undertaken solely to prepare for your approval the financial statements of A5 Precision Tooling Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A5 Precision Tooling Limited and its director for our work or for this report.
It is your duty to ensure that A5 Precision Tooling Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of A5 Precision Tooling Limited. You consider that A5 Precision Tooling Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of A5 Precision Tooling Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
EDWARDS PEARSON & WHITE LLP
Chartered Certified Accountants
Warwick & Coventry
3 December 2018
A5 Precision Tooling Limited
|
|
Statement of Financial Position
|
|
30 April 2018
Fixed assets
Tangible assets
|
3
|
|
–
|
11,925
|
|
|
|
|
|
Current assets
Debtors
|
4
|
11,121
|
|
54,362
|
Cash at bank and in hand
|
36
|
|
35
|
|
-------
|
|
-------
|
|
11,157
|
|
54,397
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
5
|
18,324
|
|
18,734
|
|
-------
|
|
-------
|
Net current (liabilities)/assets
|
|
(
7,167)
|
35,663
|
|
|
------
|
-------
|
Total assets less current liabilities
|
|
(
7,167)
|
47,588
|
|
|
------
|
-------
|
|
|
|
|
|
Capital and reserves
Called up share capital
|
|
1
|
1
|
Profit and loss account
|
|
(
7,168)
|
47,587
|
|
|
------
|
-------
|
Shareholders (deficit)/funds
|
|
(
7,167)
|
47,588
|
|
|
------
|
-------
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
30 November 2018
, and are signed on behalf of the board by:
Company registration number:
06878541
A5 Precision Tooling Limited
|
|
Notes to the Financial Statements
|
|
Year ended 30 April 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Jury Street, Warwick, CV34 4EW. The company trades from Sketchley Meadows Sketchley Lane Industrial Estate, Burbage, Hinckley, LE10 3EN.
2.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the company and rounded to the nearest £.
Judgements in applying accounting policies and key sources of estimation in uncertainty
In preparing these financial statements the directors have had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. Estimates and associated assumptions are based on historic experience and various other factors including expectations of future events that are believed to be reasonable under the circumstances, however actual results may differ from these estimates. For this reporting date there are no significant judgements, estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and Machinery
|
-
|
25% reducing balance
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
3.
Tangible assets
|
Plant and machinery
|
Total
|
|
£
|
£
|
Cost
|
|
|
At 1 May 2017
|
67,000
|
67,000
|
Disposals
|
(
67,000)
|
(
67,000)
|
|
-------
|
-------
|
At 30 April 2018
|
–
|
–
|
|
-------
|
-------
|
Depreciation
|
|
|
At 1 May 2017
|
55,075
|
55,075
|
Disposals
|
(
55,075)
|
(
55,075)
|
|
-------
|
-------
|
At 30 April 2018
|
–
|
–
|
|
-------
|
-------
|
Carrying amount
|
|
|
At 30 April 2018
|
–
|
–
|
|
-------
|
-------
|
At 30 April 2017
|
11,925
|
11,925
|
|
-------
|
-------
|
|
|
|
4.
Debtors
|
2018
|
2017
|
|
£
|
£
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest
|
11,121
|
53,359
|
Other debtors
|
–
|
1,003
|
|
-------
|
-------
|
|
11,121
|
54,362
|
|
-------
|
-------
|
|
|
|
5.
Creditors:
amounts falling due within one year
|
2018
|
2017
|
|
£
|
£
|
Other creditors
|
18,324
|
18,734
|
|
-------
|
-------
|
|
|
|
6.
Financial instruments at fair value
The company only has basic financial instruments. - Financial assets Financial assets comprise items such as cash at bank and in hand and trade and other debtors. These are initially recorded at cost on the date they originate, the company considers evidence of impairment for all individual elements comprising financial assets and any subsequent impairment is recognised in profit and loss. - Financial liabilities Financial liabilities comprise items such as corporation and other taxes, bank and other loans, accruals and trade and other creditors. These are initially recorded at cost on the date they originate, net of transaction costs where applicable, the company considers evidence of impairment for all individual elements comprising financial liabilities and any subsequent impairment is recognised in profit and loss.
7.
Director's advances, credits and guarantees
At the reporting date the directors loan account was in credit by £17,148 (2017:£17,000). There is no fixed term for repayment and no interest is charged.
8.
Related party transactions
The company was under the control of P. Towers throughout the current and previous period.