REGISTERED NUMBER: 07193131 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

Precision Engineering Services (Buxton)

Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G B Barlow

Mrs P Barlow

C Barlow

REGISTERED OFFICE:

Farriers Croft

Wormhill

Buxton

Derbyshire

SK17 8SL

REGISTERED NUMBER:

07193131 (England and Wales)

ACCOUNTANTS:

Laytons

Chartered Accountants

6 Manchester Road

Buxton

Derbyshire

SK17 6SB

FIXED ASSETS

Tangible assets

4

166,786

134,496

CURRENT ASSETS

Stocks

1,485

1,102

Debtors

12,317

23,975

Cash at bank

31,549

39,243

45,351

64,320

CREDITORS

Amounts falling due within one year

25,257

29,265

NET CURRENT ASSETS

20,094

35,055

TOTAL ASSETS LESS CURRENT LIABILITIES

186,880

169,551

CREDITORS

Amounts falling due after more than one year

17,849

12,543

NET ASSETS

169,031

157,008

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

169,028

157,005

SHAREHOLDERS' FUNDS

169,031

157,008

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th September 2025 and were signed on its behalf by:

C Barlow - Director

1.	STATUTORY INFORMATION

Precision Engineering Services (Buxton) 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 etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2024

228,644

Additions

44,279

Disposals

(24,904

)

At 31st March 2025

248,019

DEPRECIATION

At 1st April 2024

94,148

Charge for year

11,988

Eliminated on disposal

(24,903

)

At 31st March 2025

81,233

NET BOOK VALUE

At 31st March 2025

166,786

At 31st March 2024

134,496

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year ended 31st March 2025, the company owed £8,908 (2024: £22) to the director C Barlow. The loan is interest free and repayable on demand.

At the year ended 31st March 2025, the company owed NIL (2024: £6,027) to the directors G & P Barlow.