REGISTERED NUMBER: 03157700 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

PREECE & COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr MW Preece

Mrs C Preece

Mr S Preece

REGISTERED OFFICE:

Granville Hall

Granville Road

Leicester

Leicestershire

LE1 7RU

REGISTERED NUMBER:

03157700 (England and Wales)

FIXED ASSETS

Tangible assets

4

37,395

47,538

Investments

5

17,080

17,080

54,475

64,618

CURRENT ASSETS

Stocks

2,170

1,667

Debtors

6

218,580

199,855

Cash at bank

42,954

49,400

263,704

250,922

CREDITORS

Amounts falling due within one year

7

190,048

178,858

NET CURRENT ASSETS

73,656

72,064

TOTAL ASSETS LESS CURRENT LIABILITIES

128,131

136,682

CREDITORS

Amounts falling due after more than one year

8

-

(10,555

)

PROVISIONS FOR LIABILITIES

(8,427

)

(10,642

)

NET ASSETS

119,704

115,485

CAPITAL AND RESERVES

Called up share capital

114,101

114,101

Retained earnings

5,603

1,384

SHAREHOLDERS' FUNDS

119,704

115,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2026 and were signed on its behalf by:

Mr MW Preece - Director

1.	STATUTORY INFORMATION

Preece & Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Revenue comprises the fair value of the sale of services, excluding value added tax. The company provides services to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on completion of services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is computed on a first in first out basis.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 September 2024

20,482

37,839

251,923

310,244

Additions

724

539

-

1,263

At 31 August 2025

21,206

38,378

251,923

311,507

DEPRECIATION

At 1 September 2024

16,222

36,082

210,402

262,706

Charge for year

702

324

10,380

11,406

At 31 August 2025

16,924

36,406

220,782

274,112

NET BOOK VALUE

At 31 August 2025

4,282

1,972

31,141

37,395

At 31 August 2024

4,260

1,757

41,521

47,538

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 September 2024

and 31 August 2025

46,790

DEPRECIATION

At 1 September 2024

25,455

Charge for year

5,334

At 31 August 2025

30,789

NET BOOK VALUE

At 31 August 2025

16,001

At 31 August 2024

21,335

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Brought forward

17,080

17,080

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

148,977

147,821

Other debtors

69,603

52,034

218,580

199,855

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,167

10,000

Hire purchase contracts

2,222

6,245

Trade creditors

14,193

21,338

Taxation

36,173

22,395

Paye/Ni payable

7,534

7,705

VAT

32,608

35,089

Other creditors

3,260

2,453

Directors' current accounts

31,030

-

Accruals and deferred income

53,861

73,633

190,048

178,858

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

8,333

Hire purchase contracts

-

2,222

-

10,555

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

9,167

18,333

Hire purchase contracts

2,222

8,467

11,389

26,800

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

2025

2024

£

£

Mr MW Preece

Balance outstanding at start of year

29,555

38,459

Amounts repaid

(60,585

)

(8,904

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(31,030

)

29,555