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
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
Precision Auto Bodyworks Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
5,719
6,355
Cash at bank and in hand
780
1,040
Creditors: amounts falling due within one year
(16,875)
(13,429)
Net current liabilities
(14,515)
(8,189)
Net liabilities
(8,796)
(1,834)
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
Precision Auto Bodyworks Ltd
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
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
At 30 June 2024
5,031
688
5,719
At 30 June 2023
5,590
765
6,355
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
6
Average number of employees
During the year the average number of employees was 2 (2023: 4).