PRECISION WORKS LTD

Company Registration Number:
12983323 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

PRECISION WORKS LTD

Contents of the Financial Statements

for the Period Ended 31 October 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

PRECISION WORKS LTD

Company Information

for the Period Ended 31 October 2024




Director: Salman Azeem Buksh
Samia Khalid Sheikh
Aly Adam
Registered office: 13
Pitts Road
Slough
Berkshire
GBR
SL1 3XG
Company Registration Number: 12983323 (England and Wales)

PRECISION WORKS LTD

Directors' Report Period Ended 31 October 2024

The directors present their report with the financial statements of the company for the period ended 31 October 2024

Principal Activities

Buying & Selling Property , renting

Directors

The directors shown below have held office during the whole of the period from 01 November 2023 to 31 October 2024
Salman Azeem Buksh

The director(s) shown below were appointed to the company during the period
Samia Khalid Sheikh
01 July 2024

The director(s) shown below resigned during the period
Aly Adam
04 July 2024

This report was approved by the board of directors on 19 July 2025
And Signed On Behalf Of The Board By:

Name: Salman Azeem Buksh
Status: Director

PRECISION WORKS LTD

Profit and Loss Account

for the Period Ended 31 October 2024


Notes

2024
£

2023
£
Turnover 13,469 13,663
Cost of sales ( 11,796 ) ( 10,731 )
Gross Profit or (Loss) 1,673 2,932
Administrative Expenses ( 503 ) ( 1,563 )
Operating Profit or (Loss) 1,170 1,369
Profit or (Loss) Before Tax 1,170 1,369
Tax on Profit ( 222 ) ( 260 )
Profit or (Loss) for Period 948 1,109

The notes form part of these financial statements

PRECISION WORKS LTD

Balance sheet

As at 31 October 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 220,464 220,464
Total fixed assets: 220,464 220,464
Current assets
Debtors: 5 1,001 1,001
Cash at bank and in hand: 153 503
Total current assets: 1,154 1,504
Net current assets (liabilities): 1,154 1,504
Total assets less current liabilities: 221,618 221,968
Creditors: amounts falling due after more than one year: 6 ( 219,068 ) ( 220,753 )
Accruals and deferred income: ( 270 )
Total net assets (liabilities): 2,280 1,215

The notes form part of these financial statements

PRECISION WORKS LTD

Balance sheet continued

As at 31 October 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 2,279 1,214
Shareholders funds: 2,280 1,215

For the year ending 31 October 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 19 July 2025
And Signed On Behalf Of The Board By:

Name: Salman Azeem Buksh
Status: Director

The notes form part of these financial statements

PRECISION WORKS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PRECISION WORKS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

PRECISION WORKS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 3. Off balance sheet disclosure

    No

PRECISION WORKS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Tangible assets

Land & buildings Total
Cost £ £
At 01 November 2023 220,464 220,464
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 October 2024 220,464 220,464
Depreciation
At 01 November 2023 0 0
Charge for year 0 0
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
At 31 October 2024 0 0
Net book value
At 31 October 2024 220,464 220,464
At 31 October 2023 220,464 220,464

PRECISION WORKS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Debtors


2024
£

2023
£
Trade debtors 1,000 1,000
Other debtors 1 1
Total 1,001 1,001

PRECISION WORKS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

6.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 219,068 220,753
Total 219,068 220,753