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REGISTERED NUMBER: 05420962 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

PRECISION AESTHETICS LIMITED

PRECISION AESTHETICS LIMITED (REGISTERED NUMBER: 05420962)






Contents of the Financial Statements
for the year ended 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PRECISION AESTHETICS LIMITED

Company Information
for the year ended 30 APRIL 2024







DIRECTOR: V Strong





REGISTERED OFFICE: 2a Hillside Gardens
London
N6 5ST





REGISTERED NUMBER: 05420962 (England and Wales)





ACCOUNTANTS: K J Pittalis and Partners LLP
Chartered Certified Accountants
Global House
303 Ballards Lane
London
N12 8NP

PRECISION AESTHETICS LIMITED (REGISTERED NUMBER: 05420962)

Statement of Financial Position
30 APRIL 2024

30/4/24 30/4/23
Notes £    £   
CURRENT ASSETS
Cash at bank 53,854 60,302

CREDITORS
Amounts falling due within one year 5 (27,007 ) (33,317 )
NET CURRENT ASSETS 26,847 26,985
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,847

26,985

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6 26,747 26,885
SHAREHOLDERS' FUNDS 26,847 26,985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 29 January 2025 and were signed by:





V Strong - Director


PRECISION AESTHETICS LIMITED (REGISTERED NUMBER: 05420962)

Notes to the Financial Statements
for the year ended 30 APRIL 2024

1. STATUTORY INFORMATION

Precision Aesthetics Limited 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.

Significant judgements and estimates
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

Turnover
Turnover represents sales of services net of VAT and trade discounts. Turnover is recognised when the services are provided to the customer.

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Cash and cash equivalent
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

PRECISION AESTHETICS LIMITED (REGISTERED NUMBER: 05420962)

Notes to the Financial Statements - continued
for the year ended 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2023
and 30 April 2024 2,848
DEPRECIATION
At 1 May 2023
and 30 April 2024 2,848
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Taxation and social security 6,068 9,042
Other creditors 20,939 24,275
27,007 33,317

6. RESERVES
Retained
earnings
£   

At 1 May 2023 26,885
Profit for the year 24,762
Dividends (24,900 )
At 30 April 2024 26,747

7. RELATED PARTY DISCLOSURES

No transactions with related party were undertaken such as are required to be disclosed under Financial Reporting Standards for Smaller Entities.

8. ULTIMATE CONTROLLING PARTY

The directors control the company by virtue of their direct interest in the whole of the issued share capital.