2022-08-012023-07-312023-07-31false10260636PRECISION BUILD SOLUTIONS LTD2024-02-07iso4217:GBPxbrli:pure102606362022-08-01102606362023-07-31102606362022-08-012023-07-31102606362021-08-01102606362022-07-31102606362021-08-012022-07-3110260636bus:SmallEntities2022-08-012023-07-3110260636bus:AuditExempt-NoAccountantsReport2022-08-012023-07-3110260636bus:FullAccounts2022-08-012023-07-3110260636bus:PrivateLimitedCompanyLtd2022-08-012023-07-3110260636core:WithinOneYear2023-07-3110260636core:AfterOneYear2023-07-3110260636core:WithinOneYear2022-07-3110260636core:AfterOneYear2022-07-3110260636core:ShareCapital2023-07-3110260636core:SharePremium2023-07-3110260636core:RevaluationReserve2023-07-3110260636core:OtherReservesSubtotal2023-07-3110260636core:RetainedEarningsAccumulatedLosses2023-07-3110260636core:ShareCapital2022-07-3110260636core:SharePremium2022-07-3110260636core:RevaluationReserve2022-07-3110260636core:OtherReservesSubtotal2022-07-3110260636core:RetainedEarningsAccumulatedLosses2022-07-3110260636core:LandBuildings2023-07-3110260636core:PlantMachinery2023-07-3110260636core:Vehicles2023-07-3110260636core:FurnitureFittings2023-07-3110260636core:OfficeEquipment2023-07-3110260636core:NetGoodwill2023-07-3110260636core:IntangibleAssetsOtherThanGoodwill2023-07-3110260636core:ListedExchangeTraded2023-07-3110260636core:UnlistedNon-exchangeTraded2023-07-3110260636core:LandBuildings2022-07-3110260636core:PlantMachinery2022-07-3110260636core:Vehicles2022-07-3110260636core:FurnitureFittings2022-07-3110260636core:OfficeEquipment2022-07-3110260636core:NetGoodwill2022-07-3110260636core:IntangibleAssetsOtherThanGoodwill2022-07-3110260636core:ListedExchangeTraded2022-07-3110260636core:UnlistedNon-exchangeTraded2022-07-3110260636core:LandBuildings2022-08-012023-07-3110260636core:PlantMachinery2022-08-012023-07-3110260636core:Vehicles2022-08-012023-07-3110260636core:FurnitureFittings2022-08-012023-07-3110260636core:OfficeEquipment2022-08-012023-07-3110260636core:NetGoodwill2022-08-012023-07-3110260636core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3110260636core:ListedExchangeTraded2022-08-012023-07-3110260636core:UnlistedNon-exchangeTraded2022-08-012023-07-3110260636core:MoreThanFiveYears2022-08-012023-07-3110260636core:Non-currentFinancialInstruments2023-07-3110260636core:Non-currentFinancialInstruments2022-07-3110260636dpl:CostSales2022-08-012023-07-3110260636dpl:DistributionCosts2022-08-012023-07-3110260636core:LandBuildings2022-08-012023-07-3110260636core:PlantMachinery2022-08-012023-07-3110260636core:Vehicles2022-08-012023-07-3110260636core:FurnitureFittings2022-08-012023-07-3110260636core:OfficeEquipment2022-08-012023-07-3110260636dpl:AdministrativeExpenses2022-08-012023-07-3110260636core:NetGoodwill2022-08-012023-07-3110260636core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3110260636dpl:GroupUndertakings2022-08-012023-07-3110260636dpl:ParticipatingInterests2022-08-012023-07-3110260636dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-012023-07-3110260636core:ListedExchangeTraded2022-08-012023-07-3110260636dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-012023-07-3110260636core:UnlistedNon-exchangeTraded2022-08-012023-07-3110260636dpl:CostSales2021-08-012022-07-3110260636dpl:DistributionCosts2021-08-012022-07-3110260636core:LandBuildings2021-08-012022-07-3110260636core:PlantMachinery2021-08-012022-07-3110260636core:Vehicles2021-08-012022-07-3110260636core:FurnitureFittings2021-08-012022-07-3110260636core:OfficeEquipment2021-08-012022-07-3110260636dpl:AdministrativeExpenses2021-08-012022-07-3110260636core:NetGoodwill2021-08-012022-07-3110260636core:IntangibleAssetsOtherThanGoodwill2021-08-012022-07-3110260636dpl:GroupUndertakings2021-08-012022-07-3110260636dpl:ParticipatingInterests2021-08-012022-07-3110260636dpl:GroupUndertakingscore:ListedExchangeTraded2021-08-012022-07-3110260636core:ListedExchangeTraded2021-08-012022-07-3110260636dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-08-012022-07-3110260636core:UnlistedNon-exchangeTraded2021-08-012022-07-3110260636core:NetGoodwill2023-07-3110260636core:IntangibleAssetsOtherThanGoodwill2023-07-3110260636core:LandBuildings2023-07-3110260636core:PlantMachinery2023-07-3110260636core:Vehicles2023-07-3110260636core:FurnitureFittings2023-07-3110260636core:OfficeEquipment2023-07-3110260636core:AfterOneYear2023-07-3110260636core:WithinOneYear2023-07-3110260636core:ListedExchangeTraded2023-07-3110260636core:UnlistedNon-exchangeTraded2023-07-3110260636core:ShareCapital2023-07-3110260636core:SharePremium2023-07-3110260636core:RevaluationReserve2023-07-3110260636core:OtherReservesSubtotal2023-07-3110260636core:RetainedEarningsAccumulatedLosses2023-07-3110260636core:NetGoodwill2022-07-3110260636core:IntangibleAssetsOtherThanGoodwill2022-07-3110260636core:LandBuildings2022-07-3110260636core:PlantMachinery2022-07-3110260636core:Vehicles2022-07-3110260636core:FurnitureFittings2022-07-3110260636core:OfficeEquipment2022-07-3110260636core:AfterOneYear2022-07-3110260636core:WithinOneYear2022-07-3110260636core:ListedExchange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PRECISION BUILD SOLUTIONS LTD

Registered Number
10260636
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2023

PRECISION BUILD SOLUTIONS LTD
Company Information
for the year from 1 August 2022 to 31 July 2023

Director

Daniel Garland

Registered Address

9 Perry Close
Woodhouse Eaves
Leicestershire
LE12 8SB

Registered Number

10260636 (England and Wales)
PRECISION BUILD SOLUTIONS LTD
Balance Sheet as at
31 July 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets625,41428,140
25,41428,140
Current assets
Stocks72,5832,303
Debtors8253,524152,832
Cash at bank and on hand536,767379,686
792,874534,821
Creditors amounts falling due within one year9207,870149,742
Net current assets (liabilities)585,004385,079
Total assets less current liabilities610,418413,219
Net assets610,418413,219
Capital and reserves
Called up share capital100100
Profit and loss account610,318413,119
Shareholders' funds610,418413,219
The financial statements were approved and authorised for issue by the Director on 7 February 2024, and are signed on its behalf by:
Daniel Garland
Director
Registered Company No. 10260636
PRECISION BUILD SOLUTIONS LTD
Notes to the Financial Statements
for the year ended 31 July 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
Building services
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year11
6.Property, plant and equipment

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 August 2211,58441,88453,468
Additions2,950-2,950
Disposals(353)-(353)
At 31 July 2314,18141,88456,065
Depreciation and impairment
At 01 August 227,61417,71425,328
Charge for year1,3664,2185,584
On disposals(261)-(261)
At 31 July 238,71921,93230,651
Net book value
At 31 July 235,46219,95225,414
At 31 July 223,97024,17028,140
7.Stocks

2023

2022

££
Other stocks2,5832,303
Total2,5832,303
8.Debtors

2023

2022

££
Trade debtors / trade receivables68,82830,908
Other debtors184,696121,924
Total253,524152,832
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables44,70938,595
Taxation and social security100,07070,427
Other creditors62,37140,000
Accrued liabilities and deferred income720720
Total207,870149,742
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.