REGISTERED NUMBER: 10461613 (England and Wales)

PRECISION PROJECTS (SOUTH EAST) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 NOVEMBER 2024

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

D Burbridge

REGISTERED OFFICE:

Landgate Chambers

Rye

East Sussex

TN31 7LJ

REGISTERED NUMBER:

10461613 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

Landgate Chambers

24 Landgate

Rye

East Sussex

TN31 7LJ

FIXED ASSETS

Tangible assets

4

4,189

5,040

CURRENT ASSETS

Debtors

5

708,012

769,234

Cash at bank

1,737

33,802

709,749

803,036

CREDITORS

Amounts falling due within one year

6

697,564

709,643

NET CURRENT ASSETS

12,185

93,393

TOTAL ASSETS LESS CURRENT LIABILITIES

16,374

98,433

CREDITORS

Amounts falling due after more than one year

7

-

(22,923

)

PROVISIONS FOR LIABILITIES

(902

)

(1,105

)

NET ASSETS

15,472

74,405

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

15,471

74,404

SHAREHOLDERS' FUNDS

15,472

74,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 December 2025 and were signed by:

D Burbridge - Director

1.	STATUTORY INFORMATION

Precision Projects (South East) 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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

TAXATION

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

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 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 30 November 2023

and 29 November 2024

5,954

3,000

8,954

DEPRECIATION

At 30 November 2023

1,864

2,050

3,914

Charge for year

613

238

851

At 29 November 2024

2,477

2,288

4,765

NET BOOK VALUE

At 29 November 2024

3,477

712

4,189

At 29 November 2023

4,090

950

5,040

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

162,769

222,718

Other debtors

545,243

546,516

708,012

769,234

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

29,600

9,940

Trade creditors

225,537

283,627

Taxation and social security

267,575

296,641

Other creditors

174,852

119,435

697,564

709,643

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

-

22,923

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 29 November 2024 and the period ended 29 November 2023:

2024

2023

£

£

D Burbridge

Balance outstanding at start of year

30,208

40,848

Amounts advanced

16,618

-

Amounts repaid

(5,701

)

(10,640

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

41,125

30,208