Precision Organic Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13582224

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		21,250		-
Tangible Assets	5		90,574		104,819

			111,824		104,819
CURRENT ASSETS
Debtors	6	7,019		4,209
Cash at bank and in hand		8,894		1,245

		15,913		5,454
Creditors: Amounts Falling Due Within One Year	7	(32,497 )		(22,684 )

NET CURRENT ASSETS (LIABILITIES)			(16,584 )		(17,230 )

TOTAL ASSETS LESS CURRENT LIABILITIES			95,240		87,589

Creditors: Amounts Falling Due After More Than One Year	8		(347,989 )		(306,989 )

NET LIABILITIES			(252,749 )		(219,400 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(252,849 )		(219,500 )

SHAREHOLDERS' FUNDS			(252,749)		(219,400)

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Precision Organic Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their 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

Mr Leo Walton

Director

19/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Precision Organic Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13582224 . The registered office is 156 Russell Drive, Nottingham, NG8 2BE.

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. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

2.4. 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:

Leasehold	20% - Reducing Balance
Plant & Machinery	Variable rate on costs
Motor Vehicles	15% - Reducing Balance
Computer Equipment	15% - Reducing Balance

2.5. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

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Precision Organic Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 April 2024	-
Additions	21,250

As at 31 March 2025	21,250

Net Book Value
As at 31 March 2025	21,250

As at 1 April 2024	-

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	1,890	106,055	9,000	2,460	119,405
Additions	-	3,455	-	224	3,679
Disposals	-	(7,250 )	-	-	(7,250 )

As at 31 March 2025	1,890	102,260	9,000	2,684	115,834

Depreciation
As at 1 April 2024	378	11,053	2,498	657	14,586
Provided during the period	302	11,105	975	304	12,686
Disposals	-	(2,012 )	-	-	(2,012 )

As at 31 March 2025	680	20,146	3,473	961	25,260

Net Book Value
As at 31 March 2025	1,210	82,114	5,527	1,723	90,574

As at 1 April 2024	1,512	95,002	6,502	1,803	104,819

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,733	423
Other debtors	4,286	3,786

	7,019	4,209

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Precision Organic Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	6,321	2,311
Other creditors	26,176	14,957
Taxation and social security	-	5,416

	32,497	22,684

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

	2025	2024
	£	£
Other creditors	347,989	306,989

9. Share Capital

	2025	2024
	£	£
Called Up Share Capital not Paid	100	100

Amount of Allotted, Called Up Share Capital	100	100

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