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Company Registration No. 13461714 (England and Wales)
Precision Auto Bodyworks Ltd Unaudited accounts for the year ended 30 June 2024
Precision Auto Bodyworks Ltd Unaudited accounts Contents
Page
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Precision Auto Bodyworks Ltd Company Information for the year ended 30 June 2024
Director
Muhammad Baber Bin QAISER
Company Number
13461714 (England and Wales)
Registered Office
Knutsford Vale Motors Unit A Nutsford Vale Works, Nutsford Vale Manchester Lancashire M12 5QJ England
Accountants
Alyaan Finance Solutions Ltd 22 Heathwood Road Burnage Manchester M19 1SL
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Precision Auto Bodyworks Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,719 
6,355 
Current assets
Inventories
1,580 
4,200 
Cash at bank and in hand
780 
1,040 
2,360 
5,240 
Creditors: amounts falling due within one year
(16,875)
(13,429)
Net current liabilities
(14,515)
(8,189)
Net liabilities
(8,796)
(1,834)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(8,797)
(1,835)
Shareholders' funds
(8,796)
(1,834)
For the year ending 30 June 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 March 2025 and were signed on its behalf by
Muhammad Baber Bin QAISER Director Company Registration No. 13461714
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Precision Auto Bodyworks Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Precision Auto Bodyworks Ltd is a private company, limited by shares, registered in England and Wales, registration number 13461714. The registered office is Knutsford Vale Motors, Unit A, Nutsford Vale Works, Nutsford Vale, Manchester, Lancashire, M12 5QJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Computer equipment
10%
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
8,150 
850 
9,000 
At 30 June 2024
8,150 
850 
9,000 
Depreciation
At 1 July 2023
2,560 
85 
2,645 
Charge for the year
559 
77 
636 
At 30 June 2024
3,119 
162 
3,281 
Net book value
At 30 June 2024
5,031 
688 
5,719 
At 30 June 2023
5,590 
765 
6,355 
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Precision Auto Bodyworks Ltd Notes to the Accounts for the year ended 30 June 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
12,875 
7,730 
Taxes and social security
- 
199 
Accruals
4,000 
5,500 
16,875 
13,429 
6
Average number of employees
During the year the average number of employees was 2 (2023: 4).
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