PRECISION LIGHTING LIMITED

Company Registration Number:
04015597 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

PRECISION LIGHTING LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

PRECISION LIGHTING LIMITED

Balance sheet

As at 31 December 2022


Notes

2022

9 months to 31 December 2021


£

£
Fixed assets
Intangible assets: 3 935,088 416,082
Tangible assets: 4 108,601 106,127
Total fixed assets: 1,043,689 522,209
Current assets
Stocks: 737,257 649,622
Debtors:   605,792 563,211
Cash at bank and in hand: 37,215 444,286
Total current assets: 1,380,264 1,657,119
Creditors: amounts falling due within one year:   (912,406) (482,902)
Net current assets (liabilities): 467,858 1,174,217
Total assets less current liabilities: 1,511,547 1,696,426
Creditors: amounts falling due after more than one year:   (157,780) (252,755)
Total net assets (liabilities): 1,353,767 1,443,671
Capital and reserves
Called up share capital: 3,073,118 103
Share premium account: 0 51,232
Profit and loss account: (1,719,351) 1,392,336
Shareholders funds: 1,353,767 1,443,671

The notes form part of these financial statements

PRECISION LIGHTING LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 September 2023
and signed on behalf of the board by:

Name: Allan Pisador
Status: Director

The notes form part of these financial statements

PRECISION LIGHTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PRECISION LIGHTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 9 months to 31 December 2021
Average number of employees during the period 17 17

PRECISION LIGHTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Intangible Assets

Total
Cost £
At 01 January 2022 618,692
Additions 1,020,096
Disposals (618,692)
At 31 December 2022 1,020,096
Amortisation
At 01 January 2022 202,610
Charge for year 85,008
On disposals (202,610)
At 31 December 2022 85,008
Net book value
At 31 December 2022 935,088
At 31 December 2021 416,082

PRECISION LIGHTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Tangible Assets

Total
Cost £
At 01 January 2022 563,195
Additions 59,805
At 31 December 2022 623,000
Depreciation
At 01 January 2022 457,068
Charge for year 57,331
At 31 December 2022 514,399
Net book value
At 31 December 2022 108,601
At 31 December 2021 106,127