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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018 |
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A.J.S. PRECISION ENGINEERING LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018 |
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A.J.S. PRECISION ENGINEERING LIMITED |
A.J.S. PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 06296707) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2018 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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A.J.S. PRECISION ENGINEERING LIMITED |
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COMPANY INFORMATION |
for the Year Ended 31 March 2018 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
& Business Advisors |
Vantage House Euxton Lane |
Euxton |
Chorley |
Lancashire |
PR7 6TB |
A.J.S. PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 06296707) |
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ABRIDGED BALANCE SHEET |
31 March 2018 |
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31.3.18 | 31.3.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
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Tangible assets | 6 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
A.J.S. PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 06296707) |
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ABRIDGED BALANCE SHEET - continued |
31 March 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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A.J.S. PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 06296707) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2018 |
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1. | STATUTORY INFORMATION |
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A.J.S. Precision Engineering Limited is a
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The company's registered number and registered office address can be found on the Company Information page. |
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2. | COMPLIANCE WITH ACCOUNTING STANDARDS |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The principle accounting policies adopted in the preparation of the financial statements are set out below and |
have remained unchanged from the previous year and have also been consistently applied within the same |
accounts. |
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The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain fixed assets. |
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Income recognition |
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership |
have transferred to them. |
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Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, has been amortised |
evenly over its estimated useful life of three years. |
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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. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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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. |
A.J.S. PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 06296707) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2018 |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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5. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 April 2017 |
and 31 March 2018 |
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AMORTISATION |
At 1 April 2017 |
and 31 March 2018 |
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NET BOOK VALUE |
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At 31 March 2018 |
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At 31 March 2017 |
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6. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 April 2017 |
and 31 March 2018 |
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DEPRECIATION |
At 1 April 2017 |
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Charge for year |
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At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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At 31 March 2017 |
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7. | ULTIMATE CONTROLLING PARTY |
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The controlling party is A Lad. |