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Company Registration No. 12194169 (England and Wales)
Precision Decking Ltd Unaudited accounts for the year ended 31 December 2025
Precision Decking Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Precision Decking Ltd Company Information for the year ended 31 December 2025
Directors
Nicholas Turner Joshua Hill Morgan Johnson
Company Number
12194169 (England and Wales)
Registered Office
Orchard House Clyst St Mary Exeter EX5 1BR
Accountants
The Fresh Accountancy Company Limited Orchard House Clyst St Mary Exeter Devon EX5 1BR
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Precision Decking Ltd Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
10,958
23,162
Current assets
Inventories
110,000
48,320
Debtors
5
357,435
220,176
Cash at bank and in hand
1,475
27,028
468,910
295,524
Creditors: amounts falling due within one year
6
(407,487)
(295,809)
Net current assets/(liabilities)
61,423
(285)
Total assets less current liabilities
72,381
22,877
Provisions for liabilities
Deferred tax
(2,740)
(5,791)
Net assets
69,641
17,086
Capital and reserves
Called up share capital
3,000
3,000
Profit and loss account
66,641
14,086
Shareholders' funds
69,641
17,086
For the year ending 31 December 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2026 and were signed on its behalf by
Nicholas Turner Director Company Registration No. 12194169
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Precision Decking Ltd Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Precision Decking Ltd is a private company, limited by shares, registered in England and Wales, registration number 12194169. The registered office is Orchard House, Clyst St Mary, Exeter, EX5 1BR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15%
Computer equipment
33%
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Precision Decking Ltd Notes to the Accounts for the year ended 31 December 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 January 2025
21,208
32,651
2,780
56,639
Additions
1,641
-
-
1,641
Disposals
-
(32,651)
-
(32,651)
At 31 December 2025
22,849
-
2,780
25,629
Depreciation
At 1 January 2025
10,601
21,203
1,673
33,477
Charge for the year
1,775
-
621
2,396
On disposals
-
(21,202)
-
(21,202)
At 31 December 2025
12,376
1
2,294
14,671
Net book value
At 31 December 2025
10,473
(1)
486
10,958
At 31 December 2024
10,607
11,448
1,107
23,162
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
329,558
206,612
Accrued income and prepayments
15,300
1,617
Other debtors
12,577
11,947
357,435
220,176
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
128,369
99,012
Trade creditors
157,040
71,350
Taxes and social security
109,784
115,135
Other creditors
6,001
-
Loans from directors
6,293
10,312
407,487
295,809
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Precision Decking Ltd Notes to the Accounts for the year ended 31 December 2025
7
Operating lease commitments
2025
2024
£
£
At 31 December 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
27,914
22,293
Later than one year and not later than five years
85,126
22,739
113,040
45,032
8
Average number of employees
During the year the average number of employees was 13 (2024: 16).
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