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Company Registration No. 15727560 (England and Wales)
Precedence Tech Ltd Filleted Accounts for the year ended 31 May 2025
Precedence Tech Ltd Filleted Accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Precedence Tech Ltd Company Information for the year ended 31 May 2025
Director
Tanveer Mohamed
Company Number
15727560 (England and Wales)
Registered Office
Hawthorne House 17a Hawthorne Drive Leicester LE5 6DL England
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Precedence Tech Ltd Statement of financial position as at 31 May 2025
2025
Notes
£
Current assets
Cash at bank and in hand
1
Net current assets
1
Net assets
1
Capital and reserves
Called up share capital
4
1
Shareholders' funds
1
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 19 May 2026 and were signed on its behalf by
Tanveer Mohamed Director Company Registration No. 15727560
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Precedence Tech Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Precedence Tech Ltd is a private company, limited by shares, registered in England and Wales, registration number 15727560. The registered office is Hawthorne House, 17a Hawthorne Drive, Leicester, LE5 6DL, 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 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.
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.
4
Share capital
2025
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
Shares issued during the period:
1 Ordinary shares of £1 each
1
5
Average number of employees
During the year the average number of employees was 0.
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