C & A Precision Engineering Limited - Accounts to registrar (filleted) - small 18.2

C & A PRECISION ENGINEERING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Clifford Dignam

Mrs Joanne Tracey Dignam

REGISTERED OFFICE:

Unit 14, Challenge Way

Commerce Court

Cutler Heights Lane

BRADFORD

West Yorkshire

BD4 8NW

REGISTERED NUMBER:

04765376 (England and Wales)

ACCOUNTANTS:

Wilkinson and Partners

Chartered Accountants

Fairfax House

6a Mill Field Road

Cottingley Business Park

Bradford

West Yorkshire

BD16 1PY

FIXED ASSETS

Tangible assets

4

5,646

7,013

CURRENT ASSETS

Stocks

1,150

1,500

Debtors

5

24,480

24,430

Cash at bank

72,395

60,308

98,025

86,238

CREDITORS

Amounts falling due within one year

6

58,837

56,041

NET CURRENT ASSETS

39,188

30,197

TOTAL ASSETS LESS CURRENT LIABILITIES

44,834

37,210

PROVISIONS FOR LIABILITIES

7

1,073

1,332

NET ASSETS

43,761

35,878

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

43,661

35,778

SHAREHOLDERS' FUNDS

43,761

35,878

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 14 November 2019 and were signed on its behalf by:

Clifford Dignam - Director

1.	STATUTORY INFORMATION

C & A Precision Engineering 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.

In accordance with Section 444 of the Companies Act 2006, the Directors Report has not been delivered.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 Statement of Income and

Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 June 2018

and 31 May 2019

21,917

781

9,285

2,786

34,769

DEPRECIATION

At 1 June 2018

17,360

683

7,081

2,632

27,756

Charge for year

581

25

551

210

1,367

At 31 May 2019

17,941

708

7,632

2,842

29,123

NET BOOK VALUE

At 31 May 2019

3,976

73

1,653

(56

)

5,646

At 31 May 2018

4,557

98

2,204

154

7,013

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Trade debtors

23,672

23,622

Other debtors

808

808

24,480

24,430

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Trade creditors

1,886

1,555

Tax

9,146

11,071

Social security and other taxes

137

134

VAT

6,986

7,729

Directors' current accounts

39,631

33,813

Accrued expenses

1,051

1,739

58,837

56,041

The directors' loan account balance is interest free and repayable on demand.

7.	PROVISIONS FOR LIABILITIES

31.5.19

31.5.18

£

£

Deferred tax

1,073

1,332

Deferred

tax

£

Balance at 1 June 2018

1,332

Accelerated capital allowances

(259

)

Balance at 31 May 2019

1,073

The entire provision of deferred tax is relating to accelerated capital allowances.

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.5.19

31.5.18

value:

£

£

100

Share capital 1

£1

100

100

9.	ULTIMATE CONTROLLING PARTY

The directors have ultimate control of the company due to their share holdings.