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Company Registration No. 05899466 (England and Wales)
Precision Surgical Ltd Unaudited accounts for the year ended 31 March 2023
Precision Surgical Ltd Unaudited accounts Contents
Page
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Precision Surgical Ltd Company Information for the year ended 31 March 2023
Director
Mr J Parker
Company Number
05899466 (England and Wales)
Registered Office
39 NETHERGREEN ROAD SHEFFIELD SOUTH YORKSHIRE S11 7EH
Accountants
CBS Accountancy 60A Birley Moor Road SHEFFIELD South Yorkshire S12 4WD
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Precision Surgical Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,656 
718 
Current assets
Inventories
2,000 
2,000 
Debtors
108,094 
27,663 
Cash at bank and in hand
26,851 
39,235 
136,945 
68,898 
Creditors: amounts falling due within one year
(146,770)
(67,503)
Net current (liabilities)/assets
(9,825)
1,395 
Net assets
2,831 
2,113 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,731 
2,013 
Shareholders' funds
2,831 
2,113 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 September 2023 and were signed on its behalf by
Mr J Parker Director Company Registration No. 05899466
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Precision Surgical Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Precision Surgical Ltd is a private company, limited by shares, registered in England and Wales, registration number 05899466. The registered office is 39 NETHERGREEN ROAD, SHEFFIELD, SOUTH YORKSHIRE, S11 7EH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
1,072 
Additions
16,359 
At 31 March 2023
17,431 
Depreciation
At 1 April 2022
354 
Charge for the year
4,421 
At 31 March 2023
4,775 
Net book value
At 31 March 2023
12,656 
At 31 March 2022
718 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
107,544 
26,583 
Accrued income and prepayments
550 
1,080 
108,094 
27,663 
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Precision Surgical Ltd Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
39,857 
930 
Taxes and social security
39,779 
24,172 
Loans from directors
62,441 
41,991 
Accruals
4,693 
410 
146,770 
67,503 
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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