Precision Bathrooms Limited - Filleted accounts

Registered number

11023791

Precision Bathrooms Limited

Unaudited Filleted Accounts

30 June 2025

Precision Bathrooms Limited
Registered number:		11023791
Balance Sheet
as at 30 June 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		4,180			6,110

Current assets
Stocks		640			350
Debtors	5	18,565			8,692
Cash at bank and in hand		23,460			48,100
		42,665			57,142

Creditors: amounts falling due within one year	6	(45,014)			(57,457)

Net current liabilities			(2,349)			(315)

Total assets less current liabilities			1,831			5,795

Creditors: amounts falling due after more than one year	7		(803)			(2,612)

Provisions for liabilities			(800)			(1,200)


Net assets			228			1,983

Capital and reserves
Called up share capital			100			100
Profit and loss account			128			1,883

Shareholders' funds			228			1,983

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



D M Green
Director
Approved by the board on 18 December 2025

Precision Bathrooms Limited
Notes to the Accounts
for the year ended 30 June 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Goodwill is amortised on a straight line basis over 5 years.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles	25% reducing balance
	Fixtures, fittings, tools and equipment	15% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price).

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 July 2024					10,000
	At 30 June 2025					10,000

	Amortisation
	At 1 July 2024					10,000
	At 30 June 2025					10,000

	Net book value
	At 30 June 2025					-


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 July 2024	8,000		18,495		26,495
	At 30 June 2025	8,000		18,495		26,495

	Depreciation
	At 1 July 2024	4,800		15,585		20,385
	Charge for the year	1,200		730		1,930
	At 30 June 2025	6,000		16,315		22,315

	Net book value
	At 30 June 2025	2,000		2,180		4,180
	At 30 June 2024	3,200		2,910		6,110


5	Debtors			2025		2024
£					£

	Trade debtors			17,152		3,260
	Other debtors			1,413		5,432
				18,565		8,692


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			1,809		1,809
	Trade creditors			1,514		2,453
	Taxation and social security costs			3,310		10,490
	Other creditors			38,381		42,705
				45,014		57,457


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			803		2,612


8	Other information

	Precision Bathrooms Limited is a private company limited by shares and incorporated in England. Its registered office is:
	6A Little Aston Lane
	Little Aston
	Sutton Coldfield
	B74 3UF