0 0 Precisionscreen NI Ltd NI601178 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is manufacture and export of quarry plant Digita Accounts Production Advanced 6.30.9574.0 true NI601178 2023-12-01 2024-11-30 NI601178 2024-11-30 NI601178 bus:OrdinaryShareClass1 2024-11-30 NI601178 core:RetainedEarningsAccumulatedLosses 2024-11-30 NI601178 core:ShareCapital 2024-11-30 NI601178 core:CurrentFinancialInstruments 2024-11-30 NI601178 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 NI601178 core:FurnitureFittings 2024-11-30 NI601178 core:MotorVehicles 2024-11-30 NI601178 core:OfficeEquipment 2024-11-30 NI601178 bus:SmallEntities 2023-12-01 2024-11-30 NI601178 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 NI601178 bus:FilletedAccounts 2023-12-01 2024-11-30 NI601178 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 NI601178 bus:RegisteredOffice 2023-12-01 2024-11-30 NI601178 bus:Director1 2023-12-01 2024-11-30 NI601178 bus:Director3 2023-12-01 2024-11-30 NI601178 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 NI601178 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 NI601178 bus:Agent1 2023-12-01 2024-11-30 NI601178 core:FurnitureFittings 2023-12-01 2024-11-30 NI601178 core:MotorVehicles 2023-12-01 2024-11-30 NI601178 core:OfficeEquipment 2023-12-01 2024-11-30 NI601178 core:PlantMachinery 2023-12-01 2024-11-30 NI601178 countries:NorthernIreland 2023-12-01 2024-11-30 NI601178 2023-11-30 NI601178 core:FurnitureFittings 2023-11-30 NI601178 core:MotorVehicles 2023-11-30 NI601178 core:OfficeEquipment 2023-11-30 NI601178 2022-12-01 2023-11-30 NI601178 2023-11-30 NI601178 bus:OrdinaryShareClass1 2023-11-30 NI601178 core:RetainedEarningsAccumulatedLosses 2023-11-30 NI601178 core:ShareCapital 2023-11-30 NI601178 core:CurrentFinancialInstruments 2023-11-30 NI601178 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 NI601178 core:FurnitureFittings 2023-11-30 NI601178 core:MotorVehicles 2023-11-30 NI601178 core:OfficeEquipment 2023-11-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: NI601178

Precisionscreen NI Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Precisionscreen NI Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Precisionscreen NI Ltd

Company Information

Directors

Mr Paul James Ernest Kerr

Harold Ernest James Kerr

Registered office

4 Glennan Road
Omagh
Co. Tyrone
BT78 1SP

Solicitors

AF Colhoun & Co
The Old Library
41 Dublin Road
Omagh
Co. Tyrone
BT78 1HE

Accountants

Richard Clements & Co
Chartered Certified AccountantsOmagh Business Complex
Gortrush Industrial Estate
Omagh
Co. Tyrone
BT78 5LU

 

Precisionscreen NI Ltd

(Registration number: NI601178)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

635

797

Current assets

 

Debtors

6

15,013

14,396

Cash at bank and in hand

 

49,294

38,477

 

64,307

52,873

Creditors: Amounts falling due within one year

7

(26,695)

(25,176)

Net current assets

 

37,612

27,697

Net assets

 

38,247

28,494

Capital and reserves

 

Called up share capital

8

1,000

1,000

Retained earnings

37,247

27,494

Shareholders' funds

 

38,247

28,494

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 July 2025 and signed on its behalf by:
 

.........................................
Harold Ernest James Kerr
Director

   
     
 

Precisionscreen NI Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
4 Glennan Road
Omagh
Co. Tyrone
BT78 1SP

These financial statements were authorised for issue by the Board on 28 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Precisionscreen NI Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance basis

Motor vehicles

25% reducing balance basis

Fixtures and fittings

10% reducing balance basis

Plant and machinery

25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Precisionscreen NI Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2023

6,717

1,100

8,400

16,217

At 30 November 2024

6,717

1,100

8,400

16,217

Depreciation

At 1 December 2023

6,541

848

8,031

15,420

Charge for the year

44

25

93

162

At 30 November 2024

6,585

873

8,124

15,582

Carrying amount

At 30 November 2024

132

227

276

635

At 30 November 2023

252

176

369

797

5

Stocks

2024
£

2023
£

 

Precisionscreen NI Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

15,013

13,935

Prepayments

-

461

 

15,013

14,396

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

277

234

Taxation and social security

3,129

1,704

Accruals and deferred income

13,100

13,039

Other creditors

10,189

10,199

26,695

25,176

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000