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Registered number: 00611593
Precise Electro-Plating Works Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
SPD Accounting Services Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 00611593
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,154 15,771
Investments 5 1,550 1,550
15,704 17,321
CURRENT ASSETS
Debtors 6 19,882 65,017
Cash at bank and in hand 47,012 34,798
66,894 99,815
Creditors: Amounts Falling Due Within One Year 7 (9,240 ) (2,573 )
NET CURRENT ASSETS (LIABILITIES) 57,654 97,242
TOTAL ASSETS LESS CURRENT LIABILITIES 73,358 114,563
NET ASSETS 73,358 114,563
CAPITAL AND RESERVES
Called up share capital 8 118 118
Profit and Loss Account 73,240 114,445
SHAREHOLDERS' FUNDS 73,358 114,563
For the year ending 31 December 2024 the company was entitled to exemption from audit 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Adrian Samways
Director
15 September 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Precise Electro-Plating Works Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00611593 . The registered office is Pitt Road, Freemantle, Southampton, SO15 3FQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% on cost
Plant & Machinery 20% on reducing balance
Motor Vehicles 20% on reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 1)
- 1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 January 2024 15,591 15,065 21,495 52,151
As at 31 December 2024 15,591 15,065 21,495 52,151
Depreciation
As at 1 January 2024 6,864 15,065 14,451 36,380
Provided during the period 208 - 1,409 1,617
As at 31 December 2024 7,072 15,065 15,860 37,997
Net Book Value
As at 31 December 2024 8,519 - 5,635 14,154
As at 1 January 2024 8,727 - 7,044 15,771
Inlcuded in the cost of freehold land and buildings is freehold land of £5,197 (2021:£5,197) which is not depreciated.
Page 2
Page 3
5. Investments
Listed
£
Cost or Valuation
As at 1 January 2024 1,550
As at 31 December 2024 1,550
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 1,550
As at 1 January 2024 1,550
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,399 7,589
Other debtors 5,733 46,678
9,132 54,267
Due after more than one year
Other debtors 10,750 10,750
19,882 65,017
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,000 333
Other creditors 2,240 2,240
9,240 2,573
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 118 118
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Adrian Samways 43,000 - 43,000 - -
The above loan is unsecured, interest free and repayable on demand.
Page 3