| Registered Number:06004909 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
PRECISION DRIVEWAYS LTD
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
PRECISION DRIVEWAYS LTD
Statement of Financial Position
2023
2024
| Property, plant and equipment |
3,853
4,816
2
3,853
4,816
1,000
1,000
3
| Trade and other receivables |
13,915
14,185
4
7,415
| Cash and cash equivalents |
4,114
19,299
22,330
| Trade and other payables: amounts falling due within one |
| year |
(15,883)
(16,103)
5
6,447
3,196
Net current assets
| Total assets less current liabilities |
7,049
11,263
| Trade and other payables: amounts falling due after more |
| than one year |
(11,249)
(6,250)
6
799
Net assets
14
2
2
797
12
799
14
Shareholders' funds
| For the year ended 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 26 September 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 December 2024
PRECISION DRIVEWAYS LTD
Notes to the Financial Statements
Statutory Information
| PRECISION DRIVEWAYS LTD is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 06004909. |
HUNTERS BUILDINGS
BOWESFIELD LANE
STOCKTON
TS18 3QZ
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Motor Vehicles
| 2. Property, plant and equipment |
17,977
10,995
6,982
6,982
10,995
17,977
| Provision for depreciation and impairment |
13,161
7,633
5,528
Charge for year
963
672
291
14,124
8,305
5,819
1,163
2,690
3,853
1,454
3,362
4,816
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For the year ended 31 December 2024
PRECISION DRIVEWAYS LTD
Notes to the Financial Statements Continued
2023
2024
1,000
1,000
| 4. Trade and other receivables |
2023
2024
| Amounts owed by directors |
14,185
-
-
13,915
13,915
14,185
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
5,000
5,000
-
5,037
| Taxation and social security |
5,590
4,846
| Accruals and deferred income |
800
1,000
4,713
-
16,103
15,883
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
6,250
11,249
| 7. Average number of persons employed |
During the year the average number of employees was 3 (2023 : 3)
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