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Registered Number: 15896639
England and Wales

 

 

 

PRECISION HOME BUILDING LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 14 August 2024

End date: 31 August 2025

Precision Home Building Ltd
Contents Page
For the Period 14 August 2024 to 31 August 2025
Director Ian Peter Mulley
Registered Number 15896639
Registered Office 220 London Road
Wokingham
England
RG40 1SW
Accountants Melanie Curtis Accountants Ltd
65 Peach Street
Wokingham
Berkshire
RG40 1XP
1
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Precision Home Building Ltd for the period ended 31 August 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Precision Home Building Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Precision Home Building Ltd and state those matters that we have agreed to state to the director of Precision Home Building Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Precision Home Building Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Precision Home Building Ltd. You consider that Precision Home Building Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Precision Home Building Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.



....................................................

Melanie Curtis Accountants Ltd
65 Peach Street
Wokingham
Berkshire
RG40 1XP
21 April 2025
2
 
 		 Notes
 		 2025
£
Fixed assets    
Tangible fixed assets 3 18,104 
18,104 
Current assets    
Debtors 4 2,295 
Cash at bank and in hand 55,464 
57,759 
Creditors: amount falling due within one year 5 (32,817)
Net current assets 24,942 
 
Total assets less current liabilities 43,046 
Provisions for liabilities 6 (3,440)
Net assets 39,606 
 

Capital and reserves 		   
Called up share capital 1 
Profit and loss account 39,605 
Shareholders' funds 39,606 
 


For the period ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 21 April 2025 and were signed by:


-------------------------------
Ian Peter Mulley
Director
3
General Information
Precision Home Building Ltd is a private company, limited by shares, registered in England and Wales, registration number 15896639, registration address 220 London Road, Wokingham, England, RG40 1SW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.

Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor vehicles 25% Reducing balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the period was 0.
3.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 14 August 2024 -    - 
Additions 18,500    18,500 
Disposals -    - 
At 31 August 2025 18,500    18,500 
Depreciation
At 14 August 2024 -    - 
Charge for period 396    396 
On disposals -    - 
At 31 August 2025 396    396 
Net book values
Closing balance as at 31 August 2025 18,104    18,104 
Opening balance as at 14 August 2024 -    - 


4.

Debtors: amounts falling due within one year

2025
£
Prepayments & Accrued Income 2,013 
Other Debtors 282 
2,295 

5.

Creditors: amount falling due within one year

2025
£
Trade Creditors 784 
Social Security and Other Taxes 11,714 
Other Creditors 1 
Wages & Salaries Control Account - 
Directors' Current Accounts 20,318 
32,817 

6.

Provisions for liabilities

2025
£
Deferred Tax 3,440 
3,440 

4