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REGISTERED NUMBER: 09686061 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

PRECAST SPECIALIST SERVICES LTD

PRECAST SPECIALIST SERVICES LTD (REGISTERED NUMBER: 09686061)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PRECAST SPECIALIST SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mr Martin Francis Durkan





REGISTERED OFFICE: 4 Lees House Court
Norton Lees
Sheffield
South Yorkshire
S8 9BP





REGISTERED NUMBER: 09686061 (England and Wales)






PRECAST SPECIALIST SERVICES LTD (REGISTERED NUMBER: 09686061)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,064 42,227

CURRENT ASSETS
Debtors 5 160,568 240,003
Cash at bank and in hand 315,504 183,598
476,072 423,601
CREDITORS
Amounts falling due within one year 6 230,563 226,292
NET CURRENT ASSETS 245,509 197,309
TOTAL ASSETS LESS CURRENT
LIABILITIES

289,573

239,536

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 289,572 239,535
SHAREHOLDERS' FUNDS 289,573 239,536

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

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

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 28 July 2025 and were signed by:





Mr Martin Francis Durkan - Director


PRECAST SPECIALIST SERVICES LTD (REGISTERED NUMBER: 09686061)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Precast Specialist Services Ltd 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 received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% 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 balance sheet date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

PRECAST SPECIALIST SERVICES LTD (REGISTERED NUMBER: 09686061)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023 120,339 - - 120,339
Additions 11,350 4,351 499 16,200
At 31 July 2024 131,689 4,351 499 136,539
DEPRECIATION
At 1 August 2023 78,112 - - 78,112
Charge for year 13,394 870 99 14,363
At 31 July 2024 91,506 870 99 92,475
NET BOOK VALUE
At 31 July 2024 40,183 3,481 400 44,064
At 31 July 2023 42,227 - - 42,227

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 160,568 223,020
Directors' current accounts - 16,983
160,568 240,003

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Funding circle loan 94,838 157,997
Trade creditors 8,806 36,899
Social security and other taxes (26,601 ) 23,814
Wages control 986 -
VAT 22,321 3,832
Directors' current accounts 126,463 -
Accrued expenses 3,750 3,750
230,563 226,292

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Martin Francis Durkan.