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Company Registration No. 10659478 (England and Wales)
Precision Guides International Ltd Unaudited accounts for the period from 1 January 2022 to 30 June 2023
Precision Guides International Ltd Unaudited accounts Contents
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Precision Guides International Ltd Company Information for the period from 1 January 2022 to 30 June 2023
Directors
Colin Cartwright Amanda Cartwright
Company Number
10659478 (England and Wales)
Registered Office
19 Barley Way Elsenham Bishop's Stortford CM22 6GX
Accountants
Barley Grove Financial Solutions Limited 19 Barley Way Elsenham Bishop's Stortford CM22 6GX
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Precision Guides International Ltd Statement of financial position as at 30 June 2023
2023 
2021 
Notes
£ 
£ 
Current assets
Debtors
2,204 
3,036 
Cash at bank and in hand
- 
527 
2,204 
3,563 
Creditors: amounts falling due within one year
(2,104)
(3,400)
Net current assets
100 
163 
Net assets
100 
163 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
- 
63 
Shareholders' funds
100 
163 
For the period ending 30 June 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 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 the period in accordance with Section 444(2A).
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 of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by
Colin Cartwright Director Company Registration No. 10659478
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Precision Guides International Ltd Notes to the Accounts for the period from 1 January 2022 to 30 June 2023
1
Statutory information
Precision Guides International Ltd is a private company, limited by shares, registered in England and Wales, registration number 10659478. The registered office is 19 Barley Way, Elsenham, Bishop's Stortford, CM22 6GX.
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 period, 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.
Significant judgements and estimates
No significant judgements or estimates have had to be made by the directors in preparing these financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Going concern
As at the balance sheet date the company has ceased trading and will be wound up by the directors. This will be the final set of accounts for the company.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tax
Tax for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred tax 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 statement of financial position date.
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Precision Guides International Ltd Notes to the Accounts for the period from 1 January 2022 to 30 June 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Average number of employees
During the period the average number of employees was 0 (2021: 0).
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