Precision Group Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 13650578 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

Precision Group Services Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr N J O'Hern

Mr W J Butcher

REGISTERED OFFICE:

15 Newland

Lincoln

Lincolnshire

LN1 1XG

REGISTERED NUMBER:

13650578 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Precision Group Services Limited for the year ended 30 September 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Precision Group Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Precision Group Services Limited and state those matters that we have agreed to state to the Board of Directors of Precision Group Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Precision Group Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Precision Group Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Precision Group Services Limited. You consider that Precision Group Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Precision Group Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

19 March 2026

FIXED ASSETS

Tangible assets

4

57,546

42,345

Investments

5

200

-

57,746

42,345

CURRENT ASSETS

Stocks

49,199

90,000

Debtors

6

85,032

42,721

Cash at bank

44,090

9,046

178,321

141,767

CREDITORS

Amounts falling due within one year

7

208,652

110,407

NET CURRENT (LIABILITIES)/ASSETS

(30,331

)

31,360

TOTAL ASSETS LESS CURRENT
LIABILITIES

27,415

73,705

CREDITORS

Amounts falling due after more than one
year

8

(78,672

)

(12,301

)

PROVISIONS FOR LIABILITIES

-

(10,586

)

NET (LIABILITIES)/ASSETS

(51,257

)

50,818

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(51,357

)

50,718

SHAREHOLDERS' FUNDS

(51,257

)

50,818

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 19 March 2026 and were signed on its behalf by:

Mr N J O'Hern - Director

Mr W J Butcher - Director

1.	STATUTORY INFORMATION

Precision Group Services 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.

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.

Despite the fact the company has net liabilities amounting to £51,257, the Directors are happy that the business is a viable going concern entity and would provide support if required.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 October 2024

5,805

61,225

1,980

69,010

Additions

469

41,997

-

42,466

Disposals

-

(4,990

)

-

(4,990

)

At 30 September 2025

6,274

98,232

1,980

106,486

DEPRECIATION

At 1 October 2024

2,416

22,928

1,321

26,665

Charge for year

964

25,806

495

27,265

Eliminated on disposal

-

(4,990

)

-

(4,990

)

At 30 September 2025

3,380

43,744

1,816

48,940

NET BOOK VALUE

At 30 September 2025

2,894

54,488

164

57,546

At 30 September 2024

3,389

38,297

659

42,345

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

200

At 30 September 2025

200

NET BOOK VALUE

At 30 September 2025

200

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

59,437

32,898

Other debtors

25,595

9,823

85,032

42,721

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

30,234

-

Hire purchase contracts

14,554

6,813

Trade creditors

75,061

76,252

Amounts owed to group undertakings

200

-

Taxation and social security

3,448

21,091

Other creditors

85,155

6,251

208,652

110,407

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

43,525

-

Hire purchase contracts

35,147

12,301

78,672

12,301

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2025 and 30 September 2024:

2025

2024

£

Mr N J O'Hern

Balance outstanding at start of year

(2,750

)

(7,352

)

Amounts advanced

27,941

24,394

Amounts repaid

(54,312

)

(19,792

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(29,121

)

(2,750

)

Mr W J Butcher

Balance outstanding at start of year

(1,097

)

(7,029

)

Amounts advanced

27,924

25,579

Amounts repaid

(27,312

)

(19,647

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(485

)

(1,097

)