Precision Plastering & Damp Proofing Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 08390455

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		194,321		195,425

			194,321		195,425
CURRENT ASSETS
Debtors	5	89,020		89,020
Cash at bank and in hand		11,754		12,023

		100,774		101,043
Creditors: Amounts Falling Due Within One Year	6	(138,551 )		(129,867 )

NET CURRENT ASSETS (LIABILITIES)			(37,777 )		(28,824 )

TOTAL ASSETS LESS CURRENT LIABILITIES			156,544		166,601

Creditors: Amounts Falling Due After More Than One Year	7		(60,171 )		(79,223 )

NET ASSETS			96,373		87,378

CAPITAL AND RESERVES
Called up share capital	8		100		100
Revaluation reserve	9		90,539		90,539
Profit and Loss Account			5,734		(3,261 )

SHAREHOLDERS' FUNDS			96,373		87,378

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Precision Plastering & Damp Proofing Limited

Balance Sheet (continued)

As At 30 March 2025

For the year ending 30 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

B Thurston

Director

22/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Precision Plastering & Damp Proofing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08390455 . The registered office is Unit 1 Naseby Street, Sheffield, S9 1BR .

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold

2% on cost Straight Line

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: )

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 31 March 2024	200,945	9,176	48,962	259,083
Disposals	-	(9,176 )	(48,962 )	(58,138 )

As at 30 March 2025	200,945	-	-	200,945

Depreciation
As at 31 March 2024	5,520	9,176	48,962	63,658
Provided during the period	1,104	-	-	1,104
Disposals	-	(9,176 )	(48,962 )	(58,138 )

As at 30 March 2025	6,624	-	-	6,624

Net Book Value
As at 30 March 2025	194,321	-	-	194,321

As at 31 March 2024	195,425	-	-	195,425

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Precision Plastering & Damp Proofing Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by participating interests	5,000	5,000
Other debtors	84,020	84,020

	89,020	89,020

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	12,832	12,207
Bounce back loan	10,000	10,000
Other creditors	115,719	108,115
Taxation and social security	-	(455 )

	138,551	129,867

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
RBS loan > 1 year	55,171	64,223
Bounce back loan > 1 year	5,000	15,000

	60,171	79,223

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Reserves

	Revaluation Reserve
	£
As at 31 March 2024	90,539

As at 30 March 2025	90,539

10. Related Party Transactions

Amounts due from related parties

Included within debtors due within one year are loans to related parties of £82,367 (2024: £82,367).

Amounts due to related parties

Included within creditors due within one year are loans from related parties of £101,300 (2024: £94,415).

These loans are unsecured, interest free and repayable on demand.

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