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Registration number: 01609626

Precision Peripherals Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Precision Peripherals Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

Precision Peripherals Limited

Company Information

Directors | C Richards M H Richards J Richards

Registered office | Unit B7 Ashmount Business Park Upper Fforest Way Swansea Enterprise Park Swansea SA6 8QR

Accountants | Vale & West Accountancy Services Limited Chartered AccountantsVictoria House 26 Queen Victoria Street Reading Berkshire RG1 1TG

Precision Peripherals Limited

(Registration number: 01609626)
Balance Sheet as at 31 March 2025

| Note | 31 March 2025 £ | 31 March 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 44,740 | 51,352
Investments | 5 | 481,950 | 481,950
|  | 526,690 | 533,302
Current assets |  |  |
Stocks |  | 129,615 | 130,490
Debtors | 6 | 251,481 | 283,620
Cash at bank and in hand |  | 46,110 | 23,785
|  | 427,206 | 437,895
Creditors: Amounts falling due within one year | 7 | (352,826) | (356,619)
Net current assets |  | 74,380 | 81,276
Total assets less current liabilities |  | 601,070 | 614,578
Creditors: Amounts falling due after more than one year | 7 | (253,395) | (255,880)
Net assets |  | 347,675 | 358,698
Capital and reserves |  |  |
Called up share capital |  | 10,000 | 10,000
Retained earnings |  | 337,675 | 348,698
Shareholders' funds |  | 347,675 | 358,698

For the financial 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.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 February 2026 and signed on its behalf by:

J Richards Director

Precision Peripherals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit B7 Ashmount Business Park
Upper Fforest Way
Swansea Enterprise Park
Swansea
SA6 8QR

These financial statements were authorised for issue by the Board on 25 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The Company’s functional and presentational currency is Pounds Sterling (£), rounded to the nearest pound.

Group accounts not prepared

The Company is a parent company but is exempt from preparing consolidated financial statements under the small companies regime in section 399 of the Companies Act 2006 and the exemption in paragraph 1A.1 of FRS 102. These financial statements present information about the Company as an individual entity and not about its group..

Going concern

These financial statements have been prepared on a going concern basis. At the year end the Company had net liabilities. The directors have assessed the Company’s financial position and confirm that they will provide such financial support as is necessary to enable the Company to meet its obligations as they fall due for at least twelve months from the date of approval of these financial statements. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Precision Peripherals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

Revenue recognition

Turnover is measured at the fair value of the consideration receivable, excluding VAT and trade discounts. Revenue is recognised only when it can be measured reliably and it is probable that economic benefits will flow to the Company.
Sale and delivery of goods and services
Revenue from the sale of goods and delivery of services is recognised when the goods or services have been delivered to the customer, the significant risks and rewards of ownership have transferred, and the amount of revenue and related costs can be measured reliably.
Provision of contractual services
Revenue from contractual service arrangements is recognised over the duration of the contract, in line with the pattern of service delivery to the customer.

Tax

Taxation comprises current and deferred tax.

Current tax is the expected tax payable on the taxable profit for the year, calculated using tax rates and laws that have been enacted or substantively enacted by the reporting date. Current tax liabilities and assets are recognised to the extent that they are unpaid or recoverable at the reporting date.

Deferred tax is recognised in respect of timing differences that have originated but not reversed at the reporting date. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in different periods from those in which they are included in the financial statements. Deferred tax is measured at the tax rates expected to apply when the timing differences reverse, based on rates and legislation that have been enacted or substantively enacted by the reporting date.
Deferred tax assets are recognised only to the extent that it is probable they will be recovered. Deferred tax balances are not discounted. Deferred tax is recognised in the profit and loss account, except where it relates to items recognised directly in equity, in which case the related deferred tax is also recognised in equity.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
At each reporting date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication of impairment. Any impairment is charged to profit or loss.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicles | 33% on reducing balance
Plant and machinery | 25% on cost and 25% on reducing balance
Fixture and Fittings | 25% on reducing balance

Precision Peripherals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

Investments

Investments in subsidiary undertakings are stated at cost less any accumulated impairment losses. The Company reviews the carrying value of its investments at each reporting date and recognises an impairment charge where the recoverable amount is lower than the carrying amount.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost comprises all direct costs and an appropriate proportion of attributable overheads. Net realisable value represents the estimated selling price less all estimated costs of completion and costs to sell. Provision is made for obsolete, slow‑moving or impaired items where appropriate.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Precision Peripherals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable.

Defined contribution pension obligation

The Company operates a defined contribution pension scheme. Contributions are recognised as an expense when due. Any contributions paid in advance are recognised as prepayments.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 22 (2024 - 24).

Precision Peripherals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 35,091 | 221,074 | 123,429 | 379,594
Additions | - | - | 20,945 | 20,945
Disposals | - | - | (27,054) | (27,054)
At 31 March 2025 | 35,091 | 221,074 | 117,320 | 373,485
Depreciation
At 1 April 2024 | 35,091 | 187,166 | 105,985 | 328,242
Charge for the year | - | 11,303 | 10,901 | 22,204
Eliminated on disposal | - | - | (21,701) | (21,701)
At 31 March 2025 | 35,091 | 198,469 | 95,185 | 328,745
Carrying amount
At 31 March 2025 | - | 22,605 | 22,135 | 44,740
At 31 March 2024 | - | 33,908 | 17,444 | 51,352

5 | Fixed Asset Investments

| 31 March 2025 £ | 31 March 2024 £
Shares in group undertakings | 481,950 | 481,950

Subsidiary undertakings

The Company holds 100% of the issued ordinary share capital of two subsidiary undertakings, Central Peripherals Limited and BDS Computers Limited. These subsidiaries are incorporated in England and Wales and are wholly owned and controlled by the Company. The investments are carried at cost less any impairment. The directors review the carrying value of these investments annually and consider the recoverable amount to be supported by the underlying net assets and future prospects of each subsidiary.

Precision Peripherals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

6 | Debtors

Current | 31 March 2025 £ | 31 March 2024 £
Trade debtors | 209,615 | 244,005
Amounts owed by group undertakings | 39,364 | 37,113
Other debtors | 2,502 | 2,502
| 251,481 | 283,620

7 | Creditors

Creditors: amounts falling due within one year

| 31 March 2025 £ | 31 March 2024 £
Due within one year |  |
Hire purchase contracts | 319 | 956
Trade creditors | 134,267 | 157,797
Amounts owed to group undertakings | 3,726 | 29,036
Taxation and social security | 36,998 | 21,102
Accruals and deferred income | 177,516 | 147,728
| 352,826 | 356,619

Creditors: amounts falling due after more than one year

| 31 March 2025 £ | 31 March 2024 £
Due after one year |  |
Directors' loans | 253,395 | 255,880