Precision Rifle Services Limited

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: SC196657

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		101,900		91,620

			101,900		91,620
CURRENT ASSETS
Stocks	6	386,558		347,124
Debtors	7	127,037		102,988
Cash at bank and in hand		2,807		9,902

		516,402		460,014
Creditors: Amounts Falling Due Within One Year	8	(140,336 )		(118,856 )

NET CURRENT ASSETS (LIABILITIES)			376,066		341,158

TOTAL ASSETS LESS CURRENT LIABILITIES			477,966		432,778

Creditors: Amounts Falling Due After More Than One Year	9		(18,049 )		(8,133 )

NET ASSETS			459,917		424,645

CAPITAL AND RESERVES
Called up share capital	11		160,608		160,608
Profit and Loss Account			299,309		264,037

SHAREHOLDERS' FUNDS			459,917		424,645

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Precision Rifle Services Limited

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr C A Ferguson

Director

27th April 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Precision Rifle Services Limited is a private company, limited by shares, incorporated in Scotland, registered number SC196657 . The registered office is Logie Cottaage, Ballindalloch, Banffshire, AB37 9BA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business in 1999 and the fair value of the separable net assets. It has been amortised to the profit and loss account over its estimated economic life of 20 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% RB
Motor Vehicles	25% RB
Fixtures & Fittings	20% RB
Computer Equipment	20% SL

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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Precision Rifle Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: )

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 September 2024	75,058

As at 31 August 2025	75,058

Amortisation
As at 1 September 2024	75,058

As at 31 August 2025	75,058

Net Book Value
As at 31 August 2025	-

As at 1 September 2024	-

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 September 2024	6,644	212,341	-	-
Additions	-	-	49,875	9,788
Disposals	-	(16,337 )	-	-
Transfers	-	(127,088 )	-	91,718

As at 31 August 2025	6,644	68,916	49,875	101,506

Depreciation
As at 1 September 2024	6,644	120,721	-	-
Provided during the period	-	22,503	12,468	7,512
Disposals	-	(11,886 )	-	-
Transfers	-	(85,896 )	-	63,936

As at 31 August 2025	6,644	45,442	12,468	71,448

Net Book Value
As at 31 August 2025	-	23,474	37,407	30,058

As at 1 September 2024	-	91,620	-	-


	Computer Equipment	Total
	£	£
Cost
As at 1 September 2024	-	218,985
Additions	291	59,954

...CONTINUED

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Precision Rifle Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Disposals	-	(16,337 )
Transfers	35,370	-

As at 31 August 2025	35,661	262,602

Depreciation
As at 1 September 2024	-	127,365
Provided during the period	2,740	45,223
Disposals	-	(11,886 )
Transfers	21,960	-

As at 31 August 2025	24,700	160,702

Net Book Value
As at 31 August 2025	10,961	101,900

As at 1 September 2024	-	91,620

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	37,407	-

	37,407	-

6. Stocks

	2025	2024
	£	£
Stock	385,358	347,124
Work in progress	1,200	-

	386,558	347,124

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	127,037	82,540
Other debtors	-	39,730
Corporation tax recoverable assets	-	(2,306 )

	127,037	119,964
Due after more than one year
Deferred tax current asset	-	(16,976 )

	-	(16,976 )

	127,037	102,988

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Precision Rifle Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	8,719	-
Trade creditors	62,980	24,921
Bank loans and overdrafts	7,863	10,000
Other loans	17,217	-
Corporation tax	4,427	-
Other taxes and social security	1,781	10,809
VAT	6,100	-
Sundry creditors	-	17,798
Accruals and deferred income	465	-
Directors' loan accounts	29,000	55,328
Credit card liabilities	1,784	-

	140,336	118,856

Included in Other creditors is a loan from the Director. The loan is granted free of interest and is repayable when the company has the funds to do so.

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	18,049	-
Bank loans	-	8,133

	18,049	8,133

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	8,719	-
Later than one year and not later than five years	18,049	-

	26,768	-

	26,768	-

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	160,608	160,608

12. Related Party Transactions

Mr Ferguson has an entitlement to claim 4% of turnover from inception as additional wages. The cumulative total which could be claimed at 31 August 2025 is £454,728 however the company does not have the funds available to meet any such claim. The purpose of this note is simply to record the existence of the arrangement.

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