REGISTERED NUMBER: 10107080 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Precision Engineering Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Sawicki

REGISTERED OFFICE:

Toledo Works

Neepsend Lane

Sheffield

S3 8AW

REGISTERED NUMBER:

10107080 (England and Wales)

ACCOUNTANTS:

Camplejohn Rowan

CFC House

Acorn Business Park

Woodseats Close

Sheffield

South Yorkshire

S8 0TB

FIXED ASSETS

Tangible assets

4

113,196

66,744

CURRENT ASSETS

Debtors

5

187,567

144,385

Cash at bank

163,978

108,802

351,545

253,187

CREDITORS

Amounts falling due within one year

6

(211,648

)

(157,098

)

NET CURRENT ASSETS

139,897

96,089

TOTAL ASSETS LESS CURRENT LIABILITIES

253,093

162,833

PROVISIONS FOR LIABILITIES

(22,946

)

(9,971

)

NET ASSETS

230,147

152,862

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

230,047

152,762

SHAREHOLDERS' FUNDS

230,147

152,862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 19 December 2025 and were signed by:

A Sawicki - Director

1.	STATUTORY INFORMATION

Precision Engineering Services 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.

Short leasehold

-

10% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

50% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

Motor

Computer

leasehold

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

27,995

118,629

17,200

3,858

167,682

Additions

36,238

14,800

22,780

3,330

77,148

Disposals

-

(10,985

)

-

-

(10,985

)

At 30 April 2025

64,233

122,444

39,980

7,188

233,845

DEPRECIATION

At 1 May 2024

2,800

86,880

7,747

3,511

100,938

Charge for year

6,423

10,782

8,058

2,012

27,275

Eliminated on disposal

-

(7,564

)

-

-

(7,564

)

At 30 April 2025

9,223

90,098

15,805

5,523

120,649

NET BOOK VALUE

At 30 April 2025

55,010

32,346

24,175

1,665

113,196

At 30 April 2024

25,195

31,749

9,453

347

66,744

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

187,145

143,963

Other debtors

422

422

187,567

144,385

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade creditors

42,916

50,119

Tax

53,694

38,790

Social security and other taxes

2,751

6,338

VAT

50,998

31,831

Other creditors

(721

)

(115

)

Directors' current accounts

8,000

-

Accrued expenses

54,010

30,135

211,648

157,098

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 May 2024

152,762

Profit for the year

138,022

Dividends

(60,737

)

At 30 April 2025

230,047