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REGISTERED NUMBER: 07488396 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

PRECISE FIRE & SECURITY LTD

PRECISE FIRE & SECURITY LTD (REGISTERED NUMBER: 07488396)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRECISE FIRE & SECURITY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: S W J Curran
S P Curran
L Dorman





SECRETARY: S W J Curran





REGISTERED OFFICE: Unit 4 Bluegates
Great Dunmow
Essex
CM6 1SN





REGISTERED NUMBER: 07488396 (England and Wales)





ACCOUNTANTS: Sargeant Partnership LLP
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

PRECISE FIRE & SECURITY LTD (REGISTERED NUMBER: 07488396)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,579 31,245

CURRENT ASSETS
Stocks 72,000 121,112
Debtors 5 201,404 274,606
Cash at bank 20,564 9,662
293,968 405,380
CREDITORS
Amounts falling due within one year 6 309,198 263,107
NET CURRENT (LIABILITIES)/ASSETS (15,230 ) 142,273
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,349

173,518

CREDITORS
Amounts falling due after more than one
year

7

(13,926

)

(18,990

)

PROVISIONS FOR LIABILITIES (5,895 ) (7,812 )
NET (LIABILITIES)/ASSETS (11,472 ) 146,716

CAPITAL AND RESERVES
Called up share capital 8 89,502 89,502
Retained earnings 9 (100,974 ) 57,214
SHAREHOLDERS' FUNDS (11,472 ) 146,716

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PRECISE FIRE & SECURITY LTD (REGISTERED NUMBER: 07488396)

BALANCE SHEET - continued
31 JANUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:





S W J Curran - Director


PRECISE FIRE & SECURITY LTD (REGISTERED NUMBER: 07488396)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Precise Fire & Security Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% per annum on cost
Fixtures and fittings - 25% per annum on cost
Motor vehicles - 20% per annum on cost
Computer equipment - 25% per annum on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation 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 taxation 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 balance sheet date.

PRECISE FIRE & SECURITY LTD (REGISTERED NUMBER: 07488396)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023
and 31 January 2024 10,528 4,634 26,934 8,371 50,467
DEPRECIATION
At 1 February 2023 7,610 4,038 1,347 6,227 19,222
Charge for year 948 596 5,387 735 7,666
At 31 January 2024 8,558 4,634 6,734 6,962 26,888
NET BOOK VALUE
At 31 January 2024 1,970 - 20,200 1,409 23,579
At 31 January 2023 2,918 596 25,587 2,144 31,245

PRECISE FIRE & SECURITY LTD (REGISTERED NUMBER: 07488396)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023
and 31 January 2024 26,934
DEPRECIATION
At 1 February 2023 1,347
Charge for year 5,387
At 31 January 2024 6,734
NET BOOK VALUE
At 31 January 2024 20,200
At 31 January 2023 25,587

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 175,899 248,301
Other debtors 25,505 26,305
201,404 274,606

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,065 5,065
Trade creditors 183,846 162,810
Taxation and social security 63,488 27,890
Other creditors 56,799 67,342
309,198 263,107

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 13,926 18,990

PRECISE FIRE & SECURITY LTD (REGISTERED NUMBER: 07488396)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
89,502 Ordinary £1 89,502 89,502

9. RESERVES
Retained
earnings
£   

At 1 February 2023 57,214
Deficit for the year (158,188 )
At 31 January 2024 (100,974 )

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed S W J Curran £53,522 (2023: £65,022).

At the balance sheet date S P Curran owed the company £16,724 (2023: £16,454).

11. ULTIMATE CONTROLLING PARTY

The controlling party is S W J Curran.