3 01/08/2023 31/07/2024 2024-07-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-08-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 14259959 2023-08-01 2024-07-31 14259959 2024-07-31 14259959 2023-07-31 14259959 2022-08-01 2023-07-31 14259959 2023-07-31 14259959 2022-07-31 14259959 bus:RegisteredOffice 2023-08-01 2024-07-31 14259959 bus:LeadAgentIfApplicable 2023-08-01 2024-07-31 14259959 bus:Director1 2023-08-01 2024-07-31 14259959 core:WithinOneYear 2024-07-31 14259959 core:WithinOneYear 2023-07-31 14259959 bus:Micro-entities 2023-08-01 2024-07-31 14259959 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 14259959 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 14259959 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14259959 bus:FullAccounts 2023-08-01 2024-07-31
Company registration number: 14259959
Precision Autos Ltd
Unaudited filleted financial statements
for the year ended
31 July 2024
Precision Autos Ltd
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Precision Autos Ltd
Directors and other information
Director Mr L M Tabner
Company number 14259959
Registered office Unit J9 & J10 Bucknell Way
Pathfields Business Park
South Molton
Devon
EX36 3FU
Business address Unit J9 & J10 Bucknell Way
Pathfields Business Park
South Molton
Devon
EX36 3FU
Accountants Giffords LLP
Office 8 The Barns
Caddsdown Industrial Park
Bideford
Devon
EX39 3BT
Precision Autos Ltd
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of Precision Autos Ltd
Year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Precision Autos Ltd for the year ended 31 July 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Precision Autos Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Precision Autos Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Precision Autos Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Precision Autos Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Precision Autos Ltd. You consider that Precision Autos Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Precision Autos Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Giffords LLP
Chartered Accountants
Office 8 The Barns
Caddsdown Industrial Park
Bideford
Devon
EX39 3BT
Date: 28 November 2024
Precision Autos Ltd
Statement of financial position
31 July 2024
31/07/24 31/07/23
£ £ £ £
Fixed assets 30,203 13,879
________ ________
Current assets 27,670 52,584
Prepayments and accrued income 228 158
________ ________
27,898 52,742
Creditors: amounts falling due within one year ( 47,243) ( 39,150)
________ ________
Net current (liabilities)/assets ( 19,345) 13,592
________ ________
Total assets less current liabilities 10,858 27,471
Accruals and deferred income ( 2,650) ( 1,400)
________ ________
Net assets 8,208 26,071
________ ________
Capital and reserves 8,208 26,071
________ ________
Notes to the financial statements
Precision Autos Ltd
Year ended 31 July 2024
1. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: Nil).
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 19 November 2024 , and are signed on behalf of the board by:
Mr L M Tabner
Director
Company registration number: 14259959
The company is a private company limited by shares, registered in England & Wales.