REGISTERED NUMBER: 01802313 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

P E Thomas (Precision) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Director:

Mr A F Powell

Registered office:

Glan Road

Porthcawl

Bridgend

CF36 5DF

Registered number:

01802313 (England and Wales)

Accountants:

Curtis, Bowden and Thomas Limited

Chartered Certified Accountants

101 Dunraven Street

Tonypandy

Rhondda Cynon Taff

CF40 1AR

Fixed assets

Tangible assets

4

7,816

8,231

Current assets

Stocks

5

31,157

17,073

Debtors

6

41,234

75,943

Cash at bank and in hand

351,145

184,538

423,536

277,554

Creditors

Amounts falling due within one year

7

69,995

42,405

Net current assets

353,541

235,149

Total assets less current liabilities

361,357

243,380

Capital and reserves

Called up share capital

10

10

Retained earnings

8

361,347

243,370

Shareholders' funds

361,357

243,380

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 17 December 2025 and were signed by:

Mr A F Powell - Director

1.	Statutory information

P E Thomas (Precision) 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.

Improvements to property

-

10% straight line basis

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% 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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 5 (2024 - 7 ) .

4.	Tangible fixed assets

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

Cost

At 1 June 2024

10,000

42,218

10,825

63,043

Additions

-

423

-

423

Disposals

-

(549

)

-

(549

)

At 31 May 2025

10,000

42,092

10,825

62,917

Depreciation

At 1 June 2024

10,000

38,338

6,474

54,812

Charge for year

-

420

417

837

Eliminated on disposal

-

(548

)

-

(548

)

At 31 May 2025

10,000

38,210

6,891

55,101

Net book value

At 31 May 2025

-

3,882

3,934

7,816

At 31 May 2024

-

3,880

4,351

8,231

5.

Stocks

31.5.25

31.5.24

£

£

Stocks

31,157

17,073

6.

Debtors: amounts falling due within one year

31.5.25

31.5.24

£

£

Trade debtors

41,234

75,943

7.

Creditors: amounts falling due within one year

31.5.25

31.5.24

£

£

Trade creditors

289

4,261

Taxation and social security

59,825

33,916

Other creditors

9,881

4,228

69,995

42,405

8.

Reserves

Retained

earnings

£

At 1 June 2024

243,370

Profit for the year

134,977

Dividends

(17,000

)

At 31 May 2025

361,347

9.	Related party disclosures

The company occupies premises jointly owned Mr S Saunders, the shareholder of the company., A commercial rent was charged of £11,500 for the year to 31 May 2025

.

10.	Ultimate controlling party

The controlling party is Mr S Saunders by virtue of his ownership of 100% of the issued ordinary share capital in the company.