1 July 2024 false No description of principal activity Taxfiler 2024.6 12064847 business:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 12064847 2024-06-30 12064847 2024-07-01 2025-06-30 12064847 business:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 12064847 business:FilletedAccounts 2024-07-01 2025-06-30 12064847 2025-06-30 12064847 business:Director1 2024-07-01 2025-06-30 12064847 business:RegisteredOffice 2024-07-01 2025-06-30 12064847 2024-06-30 12064847 core:WithinOneYear 2025-06-30 12064847 core:WithinOneYear 2024-06-30 12064847 core:AfterOneYear 2025-06-30 12064847 core:AfterOneYear 2024-06-30 12064847 core:ShareCapital core:PreviouslyStatedAmount 2025-06-30 12064847 core:ShareCapital core:PreviouslyStatedAmount 2024-06-30 12064847 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-06-30 12064847 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-06-30 12064847 core:PreviouslyStatedAmount 2025-06-30 12064847 core:PreviouslyStatedAmount 2024-06-30 12064847 business:SmallEntities 2024-07-01 2025-06-30 12064847 countries:EnglandWales 2024-07-01 2025-06-30 12064847 core:FurnitureFittings 2024-06-30 12064847 core:ComputerEquipment 2024-06-30 12064847 core:FurnitureFittings 2024-07-01 2025-06-30 12064847 core:ComputerEquipment 2024-07-01 2025-06-30 12064847 core:FurnitureFittings 2025-06-30 12064847 core:ComputerEquipment 2025-06-30 12064847 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Company Registration No. 12064847 (England and Wales)
PRECEPT FINANCE LTD Unaudited accounts for the year ended 30 June 2025
PRECEPT FINANCE LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
PRECEPT FINANCE LTD Company Information for the year ended 30 June 2025
Director
Shamim Ahmed CHOWDHURY
Company Number
12064847 (England and Wales)
Registered Office
428-432 Ley Street Ilford Essex IG2 7BS England
- 3 -
PRECEPT FINANCE LTD Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,577
499
Current assets
Debtors
5
63,950
8,565
Cash at bank and in hand
119,191
35,240
183,141
43,805
Creditors: amounts falling due within one year
6
(101,298)
(24,268)
Net current assets
81,843
19,537
Total assets less current liabilities
84,420
20,036
Creditors: amounts falling due after more than one year
7
(1,602)
(1,602)
Net assets
82,818
18,434
Capital and reserves
Called up share capital
2
2
Profit and loss account
82,816
18,432
Shareholders' funds
82,818
18,434
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 27 March 2026 and were signed on its behalf by
Shamim Ahmed CHOWDHURY Director Company Registration No. 12064847
- 4 -
PRECEPT FINANCE LTD Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
PRECEPT FINANCE LTD is a private company, limited by shares, registered in England and Wales, registration number 12064847. The registered office is 428-432 Ley Street, Ilford, Essex, IG2 7BS, England.
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.
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:
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 July 2024
1,375
6,478
7,853
Additions
-
2,721
2,721
At 30 June 2025
1,375
9,199
10,574
Depreciation
At 1 July 2024
1,034
6,320
7,354
Charge for the year
130
513
643
At 30 June 2025
1,164
6,833
7,997
Net book value
At 30 June 2025
211
2,366
2,577
At 30 June 2024
341
158
499
- 5 -
PRECEPT FINANCE LTD Notes to the Accounts for the year ended 30 June 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Amounts due from group undertakings etc.
-
1,500
Accrued income and prepayments
7,000
-
Other debtors
-
7,065
7,000
8,565
Amounts falling due after more than one year
Amounts due from group undertakings etc.
56,950
-
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
57,669
100
Taxes and social security
21,755
8,275
Proposed dividends
12,000
7,000
Loans from directors
8,594
7,433
Accruals
1,280
1,460
101,298
24,268
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
1,602
1,602
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).
- 6 -