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REGISTERED NUMBER: 07188796 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Precise Contractors Limited

Precise Contractors Limited (Registered number: 07188796)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Precise Contractors Limited (Registered number: 07188796)

Statement of Financial Position
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 10,000
Property, plant and equipment 5 37,329 49,773
47,329 59,773

CURRENT ASSETS
Debtors 6 50,000 56,659
Cash at bank 12,024 7,138
62,024 63,797
CREDITORS
Amounts falling due within one year 7 59,176 48,869
NET CURRENT ASSETS 2,848 14,928
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,177

74,701

CREDITORS
Amounts falling due after more than one year 8 18,803 63,513
NET ASSETS 31,374 11,188

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 31,372 11,186
SHAREHOLDERS' FUNDS 31,374 11,188

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Precise Contractors Limited (Registered number: 07188796)

Statement of Financial Position - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 May 2025 and were signed by:





Mr Patrick Murphy - Director


Precise Contractors Limited (Registered number: 07188796)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Precise Contractors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07188796

Registered office: 8 Avenue Road
Caterham
England
CR3 5TR

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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Office and computer equipment - 25% 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 statement of financial position date.


Precise Contractors Limited (Registered number: 07188796)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 (2024 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 10,000
NET BOOK VALUE
At 31 March 2025 10,000
At 31 March 2024 10,000

Precise Contractors Limited (Registered number: 07188796)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. PROPERTY, PLANT AND EQUIPMENT
Office
and
Motor computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 65,723 2,126 67,849
DEPRECIATION
At 1 April 2024 17,319 757 18,076
Charge for year 12,101 343 12,444
At 31 March 2025 29,420 1,100 30,520
NET BOOK VALUE
At 31 March 2025 36,303 1,026 37,329
At 31 March 2024 48,404 1,369 49,773

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Other debtors 50,000 56,659

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 16,648 -
Taxation and social security 6,975 621
Other creditors 35,553 48,248
59,176 48,869

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 12,203 22,393
Hire purchase contracts 6,600 41,120
18,803 63,513