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Precision Controls & Automation Ltd
 
 
Company Registration Number
04871599
 
 
Report of the Directors and
Abridged Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/01/2023
 
End date 31/12/2023
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
Precision Controls & Automation Ltd
 
Contents of the Financial Statements
for the Period Ended 31 December 2023
 
 
Page
Company Information 3
 
Abridged Balance Sheet 4 - 5
 
Notes to the Financial Statements 6 - 8
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
Precision Controls & Automation Ltd
Company Information
for the Period Ended 31 December 2023
 
Directors S Pankhania
A Pankhania
 
 
Registered office 16 WOODSIDE ROAD
PURLEY
SURREY
CR8 4LN
 
Company Registration Number 04871599
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
Precision Controls & Automation Ltd
Balance Sheet
for the Period Ended 31 December 2023
Company registration number 04871599
2023 2,022
Notes £ £
Current assets
Stocks 2 1,820 16,367
Debtors 3 16,196 8,989
Investments 4 500,000 500,000
Cash at bank and in hand 163,273 130,430
_______ _______
Total current assets/(liabilities) 681,289 655,786
Creditors
Creditors - amounts falling
due within one year 5 23,150 25,092
_______ _______
Net current assets 658,139 630,694
_______ _______
Total assets less current liabilities 658,139 630,694
_______ _______
Net assets/(liabilities) 658,139 630,694
Capital and reserves
Called up share capital 6 2 2
Profit and loss account 7 658,137 630,692
_________ ______
Total shareholders funds 658,139 630,694
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 4
Precision Controls & Automation Ltd
 
Balance Sheet
for the Period Ended 31 December 2023
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The option not to file the profit and loss account has been taken.
 
For the year ending 31 December 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 members have agreed to the preparation of abridged accounts.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
 
The financial statements were approved by the Board of Directors on 2024-09-20
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name A Pankhania
 
The notes form part of these financial statements
Average number of employees during period 1
 
 
 
 
 
 
 
Page 5
Precision Controls & Automation Ltd
Notes to the Financial Statements
for the Period Ended 31 December 2023
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 6
Precision Controls & Automation Ltd
Notes to the Financial Statements
for the Period Ended 31 December 2023
2. Stocks 2023 2,022
Finished goods 1,820 16,367
Total 1,820 16,367
3. Debtors 2023 2,022
Trade debtors 13,196 5,989
Other debtors 3,000 3,000
_____ ____
Total 16,196 8,989
4. Current asset investments 2023 2,022
Other 500,000 500,000
Total 500,000 500,000
5. Creditors amounts falling due within one year 2023 2,022
Trade creditors 2,988 5,395
Corporation tax 6,438 5,632
Other creditors 13,724 14,065
________ _____
Total 23,150 25,092
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 7
Precision Controls & Automation Ltd
Notes to the Financial Statements
for the Period Ended 31 December 2023
6. Share capital 2023 2,022
Authorised type Par value £ £
Ordinary 1 2 2
_ _
Total 2 2
Allotted, called up and paid £ £
Ordinary 2 2
_ _
Total 2 2
7. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 January 2023 630,692
Profit/(Loss) for year 27,445
Dividends paid
_________
Retained Profit/(Loss) at 31 December 2023 658,137
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 8