Precision Hire Group Ltd - Filleted accounts

Registered number

12833221

Precision Hire Group Ltd

Filleted Accounts

31 August 2025

Precision Hire Group Ltd
Registered number:		12833221
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,607,633			386,506

Current assets
Debtors	4	16,000			16,000
Cash at bank and in hand		17,251			124,846
		33,251			140,846

Creditors: amounts falling due within one year	5	(692,352)			(418,753)

Net current liabilities			(659,101)			(277,907)

Total assets less current liabilities			948,532			108,599

Creditors: amounts falling due after more than one year	6		(653,925)			(19,467)



Net assets			294,607			89,132

Capital and reserves
Called up share capital			100			100
Profit and loss account			294,507			89,032

Shareholders' funds			294,607			89,132

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr. Paul Patrick George Fletcher
Director
Approved by the board on 12 May 2026

Precision Hire Group Ltd
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2	Employees					2025		2024
Number							Number
	Average number of persons employed by the company					0		0

3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 September 2024	386,265		460		-		386,725
	Additions	1,071,989		150,000		25,500		1,247,489
	At 31 August 2025	1,458,254		150,460		25,500		1,634,214

	Depreciation
	At 1 September 2024	-		219		-		219
	Charge for the year	-		22,537		3,825		26,362
	At 31 August 2025	-		22,756		3,825		26,581

	Net book value
	At 31 August 2025	1,458,254		127,704		21,675		1,607,633
	At 31 August 2024	386,265		241		-		386,506


4	Debtors					2025		2024
£							£

	Other debtors					16,000		16,000


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Taxation and social security costs					38,093		26,278
	Other creditors					654,259		392,475
						692,352		418,753


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					-		19,467
	Obligations under finance lease and hire purchase contracts					23,914		-
	Other creditors					630,011		-
						653,925		19,467

7	Other information
	Precision Hire Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	35 Grafton Way
	LONDON
	W1T 5DB