REGISTERED NUMBER: 02959836 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

Prescott Instruments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Prescott

Mrs J A Prescott

SECRETARY:

Mrs J Prescott

REGISTERED OFFICE:

Unit F

Northway Lane Trading Estate

Northway Lane

Tewkesbury

Gloucestershire

GL20 8JH

REGISTERED NUMBER:

02959836 (England and Wales)

ACCOUNTANTS:

Knights

2A Lighthouse Trade Park

Church Road

Lydney

Gloucestershire

GL15 5EN

FIXED ASSETS

Tangible assets

4

168,637

200,409

CURRENT ASSETS

Stocks

191,428

157,563

Debtors

5

223,942

183,184

Cash at bank

332,552

433,743

747,922

774,490

CREDITORS

Amounts falling due within one year

6

138,560

135,408

NET CURRENT ASSETS

609,362

639,082

TOTAL ASSETS LESS CURRENT LIABILITIES

777,999

839,491

CREDITORS

Amounts falling due after more than one year

7

(8,017

)

(29,448

)

PROVISIONS FOR LIABILITIES

9

(11,374

)

(15,112

)

NET ASSETS

758,608

794,931

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

758,606

794,929

SHAREHOLDERS' FUNDS

758,608

794,931

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by:

P Prescott - Director

Mrs J A Prescott - Director

1.	STATUTORY INFORMATION

Prescott Instruments 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.

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.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 September 2024

199,122

308,812

29,666

Disposals

-

-

-

At 31 August 2025

199,122

308,812

29,666

DEPRECIATION

At 1 September 2024

103,561

243,420

28,044

Charge for year

3,982

16,348

405

Eliminated on disposal

-

-

-

At 31 August 2025

107,543

259,768

28,449

NET BOOK VALUE

At 31 August 2025

91,579

49,044

1,217

At 31 August 2024

95,561

65,392

1,622

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2024

77,517

26,246

641,363

Disposals

(25,025

)

-

(25,025

)

At 31 August 2025

52,492

26,246

616,338

DEPRECIATION

At 1 September 2024

41,381

24,548

440,954

Charge for year

8,661

882

30,278

Eliminated on disposal

(23,531

)

-

(23,531

)

At 31 August 2025

26,511

25,430

447,701

NET BOOK VALUE

At 31 August 2025

25,981

816

168,637

At 31 August 2024

36,136

1,698

200,409

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

204,125

173,093

Other debtors

19,817

10,091

223,942

183,184

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

21,430

21,424

Trade creditors

85,257

62,174

Taxation and social security

24,866

43,314

Other creditors

7,007

8,496

138,560

135,408

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

8,017

29,448

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

21,430

21,424

Between one and five years

8,017

29,448

29,447

50,872

Non-cancellable

operating leases

2025

2024

£

£

Within one year

13,684

13,656

Between one and five years

13,684

23,026

27,368

36,682

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

11,374

15,112

Deferred

tax

£

Balance at 1 September 2024

15,112

Accelerated capital allowances

(3,738

)

Balance at 31 August 2025

11,374