REGISTERED NUMBER: 08255248

Financial Statements

for the Year Ended 31 March 2025

for

Precision Technic Defence Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms E M D Maxted

REGISTERED OFFICE:

Unit 7, Webton Business Park

Kingstone

Hereford

HR2 9NF

REGISTERED NUMBER:

08255248

AUDITORS:

Thorne Widgery Accountancy Ltd

Chartered Accountants

Statutory Auditors

2 Wyevale Business Park

Kings Acre

Hereford

Herefordshire

HR4 7BS

FIXED ASSETS

Tangible assets

4

281,509

132,234

CURRENT ASSETS

Stocks

5

99,307

134,867

Debtors

6

4,995,153

1,524,725

Cash at bank

286,217

658,998

5,380,677

2,318,590

CREDITORS

Amounts falling due within one year

7

(4,257,647

)

(1,389,879

)

NET CURRENT ASSETS

1,123,030

928,711

TOTAL ASSETS LESS CURRENT LIABILITIES

1,404,539

1,060,945

PROVISIONS FOR LIABILITIES

9

(70,377

)

(28,246

)

NET ASSETS

1,334,162

1,032,699

CAPITAL AND RESERVES

Called up share capital

10

42,906

42,906

Share premium

39,950

39,950

Retained earnings

1,251,306

949,843

SHAREHOLDERS' FUNDS

1,334,162

1,032,699

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 29 September 2025 and were signed by:

Ms E M D Maxted - Director

1.	STATUTORY INFORMATION

Precision Technic Defence Limited 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover in relation to the sale of goods is recognised when significant risks and rewards of ownership have transferred and the amount of revenue can be recognised reliably.

Turnover is measured at the fair value of the consideration received or receivable and is stated after any discounts and exclusive of VAT.

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

-

33% on cost and 20% reducing balance

Fixtures and fittings

-

20% reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions which affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

151,982

14,494

3,480

169,956

Additions

262,897

8,281

-

271,178

At 31 March 2025

414,879

22,775

3,480

441,134

DEPRECIATION

At 1 April 2024

28,435

7,599

1,688

37,722

Charge for year

117,794

3,035

1,074

121,903

At 31 March 2025

146,229

10,634

2,762

159,625

NET BOOK VALUE

At 31 March 2025

268,650

12,141

718

281,509

At 31 March 2024

123,547

6,895

1,792

132,234

All fixed assets are initially recorded at cost.

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

99,307

134,867

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

4,553,083

107,973

Amounts owed by group undertakings

-

114,094

Other debtors

-

41,161

VAT

-

185,977

Prepayments and accrued income

442,070

1,075,520

4,995,153

1,524,725

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

1,349,986

886,174

Amounts owed to group undertakings

1,865,762

-

Tax

45,917

221,671

Social security and other taxes

29,443

46,309

VAT

861,427

-

Other creditors

4,238

4,948

Accruals and deferred income

100,874

230,777

4,257,647

1,389,879

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

28,910

19,503

Between one and five years

12,500

3,910

41,410

23,413

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

70,377

28,246

Deferred

tax

£

Balance at 1 April 2024

28,246

Provided during year

42,131

Balance at 31 March 2025

70,377

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

42,906

Ordinary

£1

42,906

42,906

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lisa Weaver FCCA (Senior Statutory Auditor)

for and on behalf of Thorne Widgery Accountancy Ltd

12.	CONTINGENT LIABILITIES

Since the year end a bonus payment was paid to individual staff members in accordance with the standard terms of their contract of employment. This figure was unknown at the year end and therefore has not been included in these financial statements. The ultimate parent of the company financially supports the payment, therefore there is no effect on the results for the year.

13.	CAPITAL COMMITMENTS

Capital commitments contracted but not provided for in the financial statements relating to land and buildings amount to £312,500

14.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Precision Global APS, a company registered in Denmark.