Registration number: 07486696

Oracle Precision Limited

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 10

Oracle Precision Limited

(Registration number: 07486696)
Balance Sheet as at 28 March 2025

	Note	28 March 2025 £	31 March 2024 £
Fixed assets
Tangible assets	4	838,315	905,634
Current assets
Stocks	5	252,852	124,000
Debtors	6	707,920	663,522
Cash at bank and in hand		25,000	79,605
		985,772	867,127
Creditors: Amounts falling due within one year	7	(1,046,529)	(1,104,103)
Net current liabilities		(60,757)	(236,976)
Total assets less current liabilities		777,558	668,658
Creditors: Amounts falling due after more than one year	7	(225,556)	(387,795)
Provisions for liabilities		(191,230)	(208,392)
Net assets		360,772	72,471
Capital and reserves
Called up share capital		200	200
Retained earnings		360,572	72,271
Shareholders' funds		360,772	72,471

For the financial period ending 28 March 2025 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 period 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.

Oracle Precision Limited

(Registration number: 07486696)
Balance Sheet as at 28 March 2025

Approved and authorised by the Board on 26 August 2025 and signed on its behalf by:
 

......................................... Mr R Taylor Director

Oracle Precision Limited

Notes to the Financial Statements for the Period from 1 April 2024 to 28 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
85 Great Portland Street
First Floor
London
W1W 7LT

These financial statements were authorised for issue by the Board on 26 August 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.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Oracle Precision Limited

Notes to the Financial Statements for the Period from 1 April 2024 to 28 March 2025

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

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
Leasehold improvements	20% straight line
Plant and machinery	10% straight line
Office equipment	33% straight line
Furniture and fittings	20%-33% straight line
Motor vehicles	25% straight line

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.

Oracle Precision Limited

Notes to the Financial Statements for the Period from 1 April 2024 to 28 March 2025

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Oracle Precision Limited

Notes to the Financial Statements for the Period from 1 April 2024 to 28 March 2025

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 19 (2024 - 19).

Oracle Precision Limited

Notes to the Financial Statements for the Period from 1 April 2024 to 28 March 2025

4	Tangible assets

	Leasehold property improvements £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	5,384	1,435,989	31,742	1,473,115
Additions	-	84,520	-	84,520
At 28 March 2025	5,384	1,520,509	31,742	1,557,635
Depreciation
At 1 April 2024	5,384	556,807	5,290	567,481
Charge for the period	-	143,903	7,936	151,839
At 28 March 2025	5,384	700,710	13,226	719,320
Carrying amount
At 28 March 2025	-	819,799	18,516	838,315
At 31 March 2024	-	879,182	26,452	905,634

5

Stocks

	28 March 2025 £	31 March 2024 £
Other inventories	252,852	124,000

6

Debtors

	28 March 2025 £	31 March 2024 £
Trade debtors	630,866	571,250
Other debtors	12,917	12,915
Prepayments	64,137	79,357
	707,920	663,522

Oracle Precision Limited

Notes to the Financial Statements for the Period from 1 April 2024 to 28 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	28 March 2025 £	31 March 2024 £
Due within one year
Loans and borrowings	8	199,696	236,329
Trade creditors		280,445	353,347
Amounts owed to related parties	9	28,555	31,870
Taxation and social security		69,824	23,454
Corporation tax		116,091	7,071
Other creditors		328,573	438,569
Accrued expenses		23,345	13,463
		1,046,529	1,104,103

Included within other creditors is an amount of £311,142 (2024 £423,785) which relates to the amount due to the company's debt factor. It is secured by a floating charge.

Creditors include net obligations under hire purchase contracts which are secured upon the asset to which the contract relates.

Creditors: amounts falling due after more than one year

	Note	28 March 2025 £	31 March 2024 £
Due after one year
Loans and borrowings	8	166,383	325,895
Deferred income		59,173	61,900
		225,556	387,795

Creditors include net obligations under hire purchase contracts which are secured upon the asset to which the contract relates.

Oracle Precision Limited

Notes to the Financial Statements for the Period from 1 April 2024 to 28 March 2025

8	Loans and borrowings

Current loans and borrowings

	28 March 2025 £	31 March 2024 £
Bank overdrafts	23,175	-
Hire purchase contracts	164,781	201,108
Other borrowings	11,740	35,221
	199,696	236,329

Non-current loans and borrowings

	28 March 2025 £	31 March 2024 £
Hire purchase contracts	166,383	314,155
Other borrowings	-	11,740
	166,383	325,895

9	Related party transactions

Loans from related parties

2025	Parent £	Total £
At start of period	31,870	31,870
Repaid	(3,315)	(3,315)
At end of period	28,555	28,555

2024	Parent £	Total £
At start of period	41,145	41,145
Repaid	(9,275)	(9,275)
At end of period	31,870	31,870

Terms of loans from related parties

There are no repayment terms and interest is not charged on the balance.
 

10	Parent and ultimate parent undertaking

The ultimate controlling party is Densis Limited.

Oracle Precision Limited

Notes to the Financial Statements for the Period from 1 April 2024 to 28 March 2025

11	Non adjusting events after the financial period

On the 28 March 2025 Kaleidex Limited acquired the entire issued share capital of Densis Limited via a share purchase agreement. Oracle Precision Limited is a subsidiary of Densis Limited.