Registered number
05145725
PRS Machining Limited
Unaudited Filleted Accounts
30 June 2025

PRS Machining Limited
Report and accounts
Contents
Page
Company information | 1
Directors' report | 2
Chartered Accountants' report | 3
Balance sheet | 4
Notes to the accounts | 5

PRS Machining Limited
Company Information
Directors
R Martin
S May
J Martin
J May
Accountants | 4
Cochrane & Co Accountants Limited
38 Kings Road | 5
Lee-on-the-Solent
Hampshire
PO13 9NU
Registered office
Unit 4
Clarence Wharf
Mumby Road
Gosport
PO12 1AJ
Registered number
05145725

PRS Machining Limited
Registered number: | 05145725
Directors' Report
The directors present their report and accounts for the year ended 30 June 2025.
Principal activities
The company's principal activity during the year continued to be that of precision engineering.
Directors
The following persons served as directors during the year:
| R Martin
| S May
| J Martin
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 8 December 2025 and signed on its behalf.
R Martin
Director

PRS Machining Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of PRS Machining Limited for the year ended 30 June 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PRS Machining Limited for the year ended 30 June 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Cochrane & Co Accountants Limited
Chartered Accountants
38 Kings Road
Lee-on-the-Solent
Hampshire
PO13 9NU
| 4
| 5

PRS Machining Limited
Registered number: | 05145725
Balance Sheet
as at 30 June 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 126,163 |  |  | 132,250
Current assets
Stocks |  |  | 3,000 |  |  | 3,000
Cash at bank and in hand |  |  | 112,727 |  |  | 159,686
| 5 |  | 202,980 |  |  | 232,921
Creditors: amounts falling due within one year | 5 |  | (101,828) |  |  | (98,125)
Net current assets |  |  |  | 101,152 |  |  | 134,796
Total assets less current liabilities |  |  |  | 227,315 |  |  | 267,046
Provisions for liabilities |  |  |  | (31,541) |  |  | (33,063)
Net assets |  |  |  | 195,774 |  |  | 233,983
Capital and reserves
Called up share capital |  |  |  | 68 |  |  | 68
Capital redemption reserve |  |  |  | 34 |  |  | 34
Other reserve | 6 |  |  | 56,003 |  |  | 56,003
Profit and loss account |  |  |  | 139,669 |  |  | 177,878
Shareholders' funds |  |  |  | 195,774 |  |  | 233,983
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.
R Martin | S May
Director | Director
Approved by the board on 8 December 2025

PRS Machining 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 includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
| 4
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| 5
| Plant and machinery | 10% straight line
| Fixtures, fittings, tools and equipment | 25% reducing balance
| Motor vehicles | 25% straight line
| The plant was revalued at transition by the directors, at a value of £126,000. The historic cost of the related plant was £142,287 with accumulated depreciation at transition of £90,956. The valuation represents residual value. The depreciation charged in 2016 against these assets was reversed. The valuation will be adopted as cost going forward under FRS 102.
| 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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Foreign currency translation
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
| Leased assets
| A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
| Pensions
| Contributions to defined contribution plans are expensed in the period to which they relate.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 5 |  | 5
3 | Tangible fixed assets
|  |  |  | Plant and machinery etc |  | Motor vehicles |  | Total
£ | £ | £
| Cost
| At 1 July 2024 | 224,619 |  | 1,495 |  | 226,114
| At 30 June 2025 | 224,619 |  | 1,495 |  | 226,114
| Depreciation
| At 1 July 2024 | 92,369 |  | 1,495 |  | 93,864
| Charge for the year | 6,087 |  | - |  | 6,087
| At 30 June 2025 | 98,456 |  | 1,495 |  | 99,951
| Net book value
| At 30 June 2025 | 126,163 |  | - |  | 126,163
| At 30 June 2024 | 132,250 |  | - |  | 132,250
4 | Debtors | 2025 |  | 2024
£ | £
| Trade debtors | 74,148 |  | 57,827
| Other debtors | 13,105 |  | 12,408
|  |  |  |  |  | 87,253 |  | 70,235
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Obligations under finance lease and hire purchase contracts | - |  | 2,087
| Trade creditors | 39,544 |  | 33,599
| Corporation tax | 31,230 |  | 32,638
| Other taxes and social security costs | 13,593 |  | 16,178
| Other creditors | 17,461 |  | 13,623
|  |  |  |  |  | 101,828 |  | 98,125
6 | Other reserve | 2025 |  | 2024
£ | £
| At 1 July 2024 | 56,003 |  | 74,670
| Deferred taxation arising on the revaluation | - |  | (18,667)
| (Reserves transfer from retained reserves)
| At 30 June 2025 | 56,003 |  | 56,003
7 | Other financial commitments | 2025 |  | 2024
£ | £
| Total future minimum payments under non-cancellable operating leases |  | 40,104 |  | 60,156
8 | Controlling party
| The company is controlled by the directors by virtue of their shareholdings.
9 | Other information
| PRS Machining Limited is a private company limited by shares and incorporated in England. Its registered office is:
| Unit 4
| Clarence Wharf
| Mumby Road
| Gosport
| PO12 1AJ

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