PRECISE CONTRACTS LTD

Company Registration Number:
NI627584 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

PRECISE CONTRACTS LTD

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

PRECISE CONTRACTS LTD

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 36,718 46,010
Investments:   0 0
Total fixed assets: 36,718 46,010
Current assets
Stocks: 130,000 100,000
Debtors:   89,166 162,395
Cash at bank and in hand: 26 2,827
Investments:   0 0
Total current assets: 219,192 265,222
Creditors: amounts falling due within one year:   (131,958) (170,988)
Net current assets (liabilities): 87,234 94,234
Total assets less current liabilities: 123,952 140,244
Creditors: amounts falling due after more than one year:   (23,577) (28,276)
Total net assets (liabilities): 100,375 111,968
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 100,373 111,966
Shareholders funds: 100,375 111,968

The notes form part of these financial statements

PRECISE CONTRACTS LTD

Balance sheet statements

For the year ending 30 November 2023 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 23 August 2024
and signed on behalf of the board by:

Name: Eamon Toner
Status: Director

The notes form part of these financial statements

PRECISE CONTRACTS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

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

Turnover policy

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible fixed assets and depreciation policy

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows: - Plant and machinery - 20% RB - Fixtures, fittings and equipment- 20% RB - Motor vehicles - 20% RB The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

PRECISE CONTRACTS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 2 11

PRECISE CONTRACTS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 94,419
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 30 November 2023 94,419
Depreciation
At 01 December 2022 48,409
Charge for year 9,292
On disposals 0
Other adjustments 0
At 30 November 2023 57,701
Net book value
At 30 November 2023 36,718
At 30 November 2022 46,010