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REGISTERED NUMBER: 13489578 (England and Wales)











Financial Statements

for the Year Ended 31 July 2024

for

PRECISE ECO PLUMBING AND HEATING LTD

PRECISE ECO PLUMBING AND HEATING LTD (REGISTERED NUMBER: 13489578)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PRECISE ECO PLUMBING AND HEATING LTD

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr L Hoad
Mr L J Owen





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 13489578 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

PRECISE ECO PLUMBING AND HEATING LTD (REGISTERED NUMBER: 13489578)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,044 7,369

CURRENT ASSETS
Debtors 5 22,026 20,041
Cash at bank 65,959 41,892
87,985 61,933
CREDITORS
Amounts falling due within one year 6 50,391 48,464
NET CURRENT ASSETS 37,594 13,469
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,638

20,838

CAPITAL AND RESERVES
Called up share capital 7 200 200
Retained earnings 8 45,438 20,638
SHAREHOLDERS' FUNDS 45,638 20,838

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 8 January 2025 and were signed on its behalf by:




Mr L J Owen - Director



Mr L Hoad - Director


PRECISE ECO PLUMBING AND HEATING LTD (REGISTERED NUMBER: 13489578)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Precise Eco Plumbing And Heating 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

Hire purchase and leasing commitments
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 2 (2023 - NIL ) .

PRECISE ECO PLUMBING AND HEATING LTD (REGISTERED NUMBER: 13489578)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 August 2023 8,122 652 8,774
Additions 2,054 775 2,829
At 31 July 2024 10,176 1,427 11,603
DEPRECIATION
At 1 August 2023 1,240 165 1,405
Charge for year 1,887 267 2,154
At 31 July 2024 3,127 432 3,559
NET BOOK VALUE
At 31 July 2024 7,049 995 8,044
At 31 July 2023 6,882 487 7,369

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 21,477 16,554
Other debtors - 1,317
VAT - 1,736
Prepayments and accrued income 549 434
22,026 20,041

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 2,343 4,196
Tax 31,730 20,710
Social security and other taxes 958 -
VAT 3,552 -
Other creditors 293 -
Directors' current accounts 8,825 21,068
Accruals and deferred income 2,690 2,490
50,391 48,464

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 A Ordinary £1 100 100
100 B Ordinary £1 100 100
200 200

PRECISE ECO PLUMBING AND HEATING LTD (REGISTERED NUMBER: 13489578)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. RESERVES
Retained
earnings
£   

At 1 August 2023 20,638
Profit for the year 99,600
Dividends (74,800 )
At 31 July 2024 45,438

9. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £8,825 (2023: £21,068), due and payable to the director. The amount is interest free and repayable on demand.