Acorah Software Products - Accounts Production 19.2.450 false true 31 August 2024 1 September 2023 false 1 September 2024 31 August 2025 31 August 2025 06684246 Mr GARY GOLLOP iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06684246 2024-08-31 06684246 2025-08-31 06684246 2024-09-01 2025-08-31 06684246 frs-core:CurrentFinancialInstruments 2025-08-31 06684246 frs-core:ComputerEquipment 2025-08-31 06684246 frs-core:ComputerEquipment 2024-09-01 2025-08-31 06684246 frs-core:ComputerEquipment 2024-08-31 06684246 frs-core:MotorVehicles 2025-08-31 06684246 frs-core:MotorVehicles 2024-09-01 2025-08-31 06684246 frs-core:MotorVehicles 2024-08-31 06684246 frs-core:PlantMachinery 2025-08-31 06684246 frs-core:PlantMachinery 2024-09-01 2025-08-31 06684246 frs-core:PlantMachinery 2024-08-31 06684246 frs-core:ShareCapital 2025-08-31 06684246 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 06684246 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 06684246 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 06684246 frs-bus:SmallEntities 2024-09-01 2025-08-31 06684246 frs-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 06684246 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 06684246 frs-bus:Director1 2024-09-01 2025-08-31 06684246 frs-countries:EnglandWales 2024-09-01 2025-08-31 06684246 2023-08-31 06684246 2024-08-31 06684246 2023-09-01 2024-08-31 06684246 frs-core:CurrentFinancialInstruments 2024-08-31 06684246 frs-core:ShareCapital 2024-08-31 06684246 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31
Registered number: 06684246
PRECISION ELECTRICAL LTD
Unaudited Financial Statements
For The Year Ended 31 August 2025
Proaccounts UK
Unit M302, 89 Bickersteth Road
Tooting
LONDON
SW17 9SH
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 06684246
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 2,103
- 2,103
CURRENT ASSETS
Stocks 5 116 102
Debtors 6 13,451 8,364
Cash at bank and in hand 7,138 10,567
20,705 19,033
Creditors: Amounts Falling Due Within One Year 7 (19,922 ) (21,078 )
NET CURRENT ASSETS (LIABILITIES) 783 (2,045 )
TOTAL ASSETS LESS CURRENT LIABILITIES 783 58
NET ASSETS 783 58
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 782 57
SHAREHOLDERS' FUNDS 783 58
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 member has 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.
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 GARY GOLLOP
Director
27/05/2026
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
PRECISION ELECTRICAL LTD is a private company, limited by shares, incorporated in England & Wales, registered number 06684246 . The registered office is Unit M302, Trident Business Centre, 89 Bickersteth Road, London, SW17 9SH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 20% straight line
Motor Vehicles 20% straight line
Computer Equipment 20% straight line
2.4. 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.
2.5. 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 year 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 1 1
Sales, marketing and distribution 1 1
2 2
Page 2
Page 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2024 6,000 9,695 821 16,516
As at 31 August 2025 6,000 9,695 821 16,516
Depreciation
As at 1 September 2024 6,000 7,756 657 14,413
Provided during the period - 1,939 164 2,103
As at 31 August 2025 6,000 9,695 821 16,516
Net Book Value
As at 31 August 2025 - - - -
As at 1 September 2024 - 1,939 164 2,103
5. Stocks
2025 2024
£ £
Stock 116 102
6. Debtors
2025 2024
£ £
Due within one year
Other taxes and social security 13,451 8,364
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,143 6,475
Corporation tax 752 758
Other creditors 18,027 13,845
19,922 21,078
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
9. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid - 1,500
Page 3