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REGISTERED NUMBER: 08352428






















Precision Blast Systems Limited

Unaudited Financial Statements for the Year Ended 31st January 2025






Precision Blast Systems Limited (Registered number: 08352428)






Contents of the Financial Statements
for the year ended 31st January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Precision Blast Systems Limited

Company Information
for the year ended 31st January 2025







DIRECTORS: I M Simmonds
Mrs J L Simmonds





REGISTERED OFFICE: Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA





REGISTERED NUMBER: 08352428





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Precision Blast Systems Limited (Registered number: 08352428)

Balance Sheet
31st January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,341 18,527
Investments 5 1 1
18,342 18,528

CURRENT ASSETS
Stocks 99,049 119,812
Debtors 6 21,068 67,714
Cash at bank 121,723 135,626
241,840 323,152
CREDITORS
Amounts falling due within one year 7 102,997 169,827
NET CURRENT ASSETS 138,843 153,325
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,185

171,853

PROVISIONS FOR LIABILITIES 3,485 4,632
NET ASSETS 153,700 167,221

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 153,600 167,121
SHAREHOLDERS' FUNDS 153,700 167,221

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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.

Precision Blast Systems Limited (Registered number: 08352428)

Balance Sheet - continued
31st January 2025


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th March 2025 and were signed on its behalf by:





I M Simmonds - Director


Precision Blast Systems Limited (Registered number: 08352428)

Notes to the Financial Statements
for the year ended 31st January 2025

1. STATUTORY INFORMATION

Precision Blast Systems Limited is a private company, limited by shares, registered in England & Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Preparation of consolidated financial statements
The financial statements contain information about Precision Blast Systems Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods - Turnover from the sale of equipment is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Leasehold land and buildings - 2% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate


Precision Blast Systems Limited (Registered number: 08352428)

Notes to the Financial Statements - continued
for the year ended 31st January 2025

2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

Precision Blast Systems Limited (Registered number: 08352428)

Notes to the Financial Statements - continued
for the year ended 31st January 2025

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st February 2024 70,641 940 71,581
Additions 5,274 - 5,274
Disposals (3,160 ) - (3,160 )
At 31st January 2025 72,755 940 73,695
DEPRECIATION
At 1st February 2024 52,242 812 53,054
Charge for year 5,332 128 5,460
Eliminated on disposal (3,160 ) - (3,160 )
At 31st January 2025 54,414 940 55,354
NET BOOK VALUE
At 31st January 2025 18,341 - 18,341
At 31st January 2024 18,399 128 18,527

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st February 2024
and 31st January 2025 1
NET BOOK VALUE
At 31st January 2025 1
At 31st January 2024 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 20,394 67,234
Other debtors 674 480
21,068 67,714

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 34,950 82,157
Amounts owed to group undertakings 1 1
Taxation and social security 18,713 36,810
Other creditors 49,333 50,859
102,997 169,827

Precision Blast Systems Limited (Registered number: 08352428)

Notes to the Financial Statements - continued
for the year ended 31st January 2025

8. OTHER FINANCIAL COMMITMENTS

Total financial commitment, guarantees and contingencies which are not included in the balance sheet amount to £4,625 (2024 £4,625).