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REGISTERED NUMBER: 14284242 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

Precision Health & Training Limited

Precision Health & Training Limited (Registered number: 14284242)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Precision Health & Training Limited

COMPANY INFORMATION
for the year ended 31 August 2024







Directors: Mrs L J Bates
T J Bates





Registered office: 55 Southway Lane
Widewell
Plymouth
Devon
PL6 7DL





Registered number: 14284242 (England and Wales)





Accountants: Websters
129 North Hill
Plymouth
Devon
PL4 8JY

Precision Health & Training Limited (Registered number: 14284242)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 3,495 4,369

Current assets
Stocks 750 700
Debtors 5 3,079 560
Cash at bank 1,776 3,056
5,605 4,316
Creditors
Amounts falling due within one year 6 8,457 22,142
Net current liabilities (2,852 ) (17,826 )
Total assets less current liabilities 643 (13,457 )

Capital and reserves
Called up share capital 7 100 100
Retained earnings 543 (13,557 )
Shareholders' funds 643 (13,457 )

Precision Health & Training Limited (Registered number: 14284242)

BALANCE SHEET - continued
31 August 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

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 & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:





Mrs L J Bates - Director


Precision Health & Training Limited (Registered number: 14284242)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Precision Health & Training 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.

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
Turnover is measured at the fair value of the consideration receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of goods have transferred to the buyer. Turnover from the rendering of services is recognised by the reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 balance sheet date.


Precision Health & Training Limited (Registered number: 14284242)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Going concern
The financial statements have been prepared on the going concern basis. This basis assumes that the company will have sufficient funding to enable it to continue to operate for the foreseeable future with the support of the director, who believes that the going concern basis of preparation remains appropriate in the company's circumstances

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Precision Health & Training Limited (Registered number: 14284242)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
Cost
At 1 September 2023
and 31 August 2024 5,301
Depreciation
At 1 September 2023 932
Charge for year 874
At 31 August 2024 1,806
Net book value
At 31 August 2024 3,495
At 31 August 2023 4,369

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 2,662 -
Prepayments 417 560
3,079 560

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 1,000 -
Social security and other taxes 410 145
Other creditors 5,021 21,001
Directors' current accounts - 236
Accrued expenses 2,026 760
8,457 22,142

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100

Precision Health & Training Limited (Registered number: 14284242)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £2,662 by L Bates director and shareholder of the company. The amount was cleared post year end. No interest is charged on outstanding amounts.The company also owes Bates Development Services Ltd £5,021 at the balance sheet date. Bates Development Services Ltd is controlled by one of the directors - T Bates. There is no set date for repayment and no interest charged on outstanding sums.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs L J Bates.