| No. | Data | Value | Opt |
|---|
| 421239 | DocuSign Envelope ID: B498C76D-33EC-41F6-B2BF-25AEFEBEB02F | |
|
| 421240 | COMPANY REGISTRATION NUMBER: 05285179 | |
|
| 421241 | CMC Precision Engineering Limited | |
|
| 421242 | Unaudited Financial Statements | |
|
| 421243 | 31 March 2023 | |
|
| 421244 | DocuSign Envelope ID: B498C76D-33EC-41F6-B2BF-25AEFEBEB02F | |
|
| 421245 | CMC Precision Engineering Limited | |
|
| 421246 | Financial Statements | |
|
| 421247 | Year ended 31 March 2023 | |
|
| 421248 | Contents | |
|
| 421249 | Page | |
|
| 421250 | Directors' report | |
|
| 421251 | 1 | |
|
| 421252 | Statement of income and retained earnings | |
|
| 421253 | 2 | |
|
| 421254 | Statement of financial position | |
|
| 421255 | 3 | |
|
| 421256 | Notes to the financial statements | |
|
| 421257 | 5 | |
|
| 421258 | The following pages do not form part of the financial statements | |
|
| 421259 | Chartered accountant's report to the board of directors on the | |
|
| 421260 | preparation of the unaudited statutory financial statements | |
|
| 421261 | 12 | |
|
| 421262 | Detailed income statement | |
|
| 421263 | 13 | |
|
| 421264 | Notes to the detailed income statement | |
|
| 421265 | 14 | |
|
| 421266 | DocuSign Envelope ID: B498C76D-33EC-41F6-B2BF-25AEFEBEB02F | |
|
| 421267 | CMC Precision Engineering Limited | |
|
| 421268 | Directors' Report | |
|
| 421269 | Year ended 31 March 2023 | |
|
| 421270 | The | |
|
| 421271 | directors present their report | |
|
| 421272 | and | |
|
| 421273 | the | |
|
| 421274 | unaudited | |
|
| 421275 | financial | |
|
| 421276 | statements of | |
|
| 421277 | the | |
|
| 421278 | company for | |
|
| 421279 | the | |
|
| 421280 | year | |
|
| 421281 | ended 31 March 2023. | |
|
| 421282 | Principal activities | |
|
| 421283 | The | |
|
| 421284 | principal | |
|
| 421285 | activity | |
|
| 421286 | of | |
|
| 421287 | the | |
|
| 421288 | company | |
|
| 421289 | during | |
|
| 421290 | the | |
|
| 421291 | year | |
|
| 421292 | was | |
|
| 421293 | that | |
|
| 421294 | of | |
|
| 421295 | the | |
|
| 421296 | manufacture | |
|
| 421297 | of | |
|
| 421298 | precision | |
|
| 421299 | mechanical | |
|
| 421300 | components. The | |
|
| 421301 | new | |
|
| 421302 | owners | |
|
| 421303 | and | |
|
| 421304 | Directors, | |
|
| 421305 | who | |
|
| 421306 | took | |
|
| 421307 | over | |
|
| 421308 | in | |
|
| 421309 | the | |
|
| 421310 | year, | |
|
| 421311 | are | |
|
| 421312 | pleased | |
|
| 421313 | with | |
|
| 421314 | an | |
|
| 421315 | Increase | |
|
| 421316 | in | |
|
| 421317 | Sales | |
|
| 421318 | of | |
|
| 421319 | 13.5% | |
|
| 421320 | whilst | |
|
| 421321 | maintaining | |
|
| 421322 | a | |
|
| 421323 | Gross | |
|
| 421324 | margin | |
|
| 421325 | of | |
|
| 421326 | 36%. | |
|
| 421327 | Apart | |
|
| 421328 | from | |
|
| 421329 | the | |
|
| 421330 | exceptional | |
|
| 421331 | expenses, due the change of ownership, all other expenses have remained comparable. | |
|
| 421332 | All | |
|
| 421333 | pre- transaction | |
|
| 421334 | reserves | |
|
| 421335 | were | |
|
| 421336 | used | |
|
| 421337 | to | |
|
| 421338 | fund | |
|
| 421339 | the | |
|
| 421340 | transaction, | |
|
| 421341 | the | |
|
| 421342 | Directors | |
|
| 421343 | are | |
|
| 421344 | confident | |
|
| 421345 | they | |
|
| 421346 | can | |
|
| 421347 | build these up again in the next few years. | |
|
| 421348 | Directors | |
|
| 421349 | The directors who served the company during the year were as follows: | |
|
| 421350 | Mr M H Ball | |
|
| 421351 | (Appointed 28 October 2022) | |
|
| 421352 | Ms K Ball | |
|
| 421353 | (Appointed 28 October 2022) | |
|
| 421354 | Mr C J Bowden | |
|
| 421355 | (Resigned 28 October 2022) | |
|
| 421356 | Mrs E A Bowden | |
|
| 421357 | (Resigned 28 October 2022) | |
|
| 421358 | Small company provisions | |
|
| 421359 | This | |
|
| 421360 | report | |
|
| 421361 | has | |
|
| 421362 | been | |
|
| 421363 | prepared | |
|
| 421364 | in | |
|
| 421365 | accordance | |
|
| 421366 | with | |
|
| 421367 | the | |
|
| 421368 | provisions | |
|
| 421369 | applicable | |
|
| 421370 | to | |
|
| 421371 | companies | |
|
| 421372 | entitled | |
|
| 421373 | to | |
|
| 421374 | the small companies exemption. | |
|
| 421375 | 06 October 2023 | |
|
| 421376 | This | |
|
| 421377 | report | |
|
| 421378 | was | |
|
| 421379 | approved | |
|
| 421380 | by | |
|
| 421381 | the | |
|
| 421382 | board | |
|
| 421383 | of | |
|
| 421384 | directors on | |
|
| 421385 | .............................. | |
|
| 421386 | and | |
|
| 421387 | signed | |
|
| 421388 | on | |
|
| 421389 | behalf | |
|
| 421390 | of | |
|
| 421391 | the | |
|
| 421392 | board by: | |
|
| 421393 | Ms K Ball | |
|
| 421394 | Director | |
|
| 421395 | Registered office: | |
|
| 421396 | Hurlands House | |
|
| 421397 | 8 Hurlands Close | |
|
| 421398 | Farnham | |
|
| 421399 | Hampshire | |
|
| 421400 | GU9 9JF | |
|
| 421401 | - 1 - | |
|
| 421402 | DocuSign Envelope ID: B498C76D-33EC-41F6-B2BF-25AEFEBEB02F | |
|
| 421403 | CMC Precision Engineering Limited | |
|
| 421404 | Statement of Income and Retained Earnings | |
|
| 421405 | Year ended 31 March 2023 | |
|
| 421406 | 2023 | |
|
| 421407 | 2022 | |
|
| 421408 | Note | |
|
| 421409 | £ | |
|
| 421410 | £ | |
|
| 421411 | Turnover | |
|
| 421412 | 838,288 | |
|
| 421413 | 739,098 | |
|
| 421414 | Cost of sales | |
|
| 421415 | (539,230) | |
|
| 421416 | (470,977) | |
|
| 421417 | -------------------------------- | |
|
| 421418 | -------------------------------- | |
|
| 421419 | Gross profit | |
|
| 421420 | 299,058 | |
|
| 421421 | 268,121 | |
|
| 421422 | Distribution costs | |
|
| 421423 | (4,270) | |
|
| 421424 | (3,957) | |
|
| 421425 | Administrative expenses | |
|
| 421426 | (216,669) | |
|
| 421427 | (179,532) | |
|
| 421428 | Other operating income | |
|
| 421429 | 880 | |
|
| 421430 | 8,207 | |
|
| 421431 | -------------------------------- | |
|
| 421432 | -------------------------------- | |
|
| 421433 | Operating profit | |
|
| 421434 | 78,999 | |
|
| 421435 | 92,839 | |
|
| 421436 | Other interest receivable and similar income | |
|
| 421437 | 295 | |
|
| 421438 | 7 | |
|
| 421439 | Interest payable and similar expenses | |
|
| 421440 | (10,454) | |
|
| 421441 | (2,165) | |
|
| 421442 | -------------------------------- | |
|
| 421443 | -------------------------------- | |
|
| 421444 | Profit before taxation | |
|
| 421445 | 5 | |
|
| 421446 | 68,840 | |
|
| 421447 | 90,681 | |
|
| 421448 | Tax on profit | |
|
| 421449 | 6 | |
|
| 421450 | 30,422 | |
|
| 421451 | (17,509) | |
|
| 421452 | ---------------------------- | |
|
| 421453 | ---------------------------- | |
|
| 421454 | Profit for the financial year and total comprehensive income | |
|
| 421455 | 99,262 | |
|
| 421456 | 73,172 | |
|
| 421457 | ============================ | |
|
| 421458 | ============================ | |
|
| 421459 | Dividends paid and payable | |
|
| 421460 | (268,000) | |
|
| 421461 | (92,000) | |
|
| 421462 | Retained earnings at the start of the year | |
|
| 421463 | 197,116 | |
|
| 421464 | 215,944 | |
|
| 421465 | -------------------------------- | |
|
| 421466 | -------------------------------- | |
|
| 421467 | Retained earnings at the end of the year | |
|
| 421468 | 28,378 | |
|
| 421469 | 197,116 | |
|
| 421470 | ================================ | |
|
| 421471 | ================================ | |
|
| 421472 | All the activities of the company are from continuing operations. | |
|
| 421473 | The notes on pages 5 to 10 form part of these financial statements. | |
|
| 421474 | - 2 - | |
|