REGISTERED NUMBER: 11082096 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

Precision Builders Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A W Gillespie

REGISTERED OFFICE:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

GL3 3RS

REGISTERED NUMBER:

11082096 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

BANKERS:

National Westminster Bank Plc

21 Eastgate Street

Gloucester

GL1 1NH

FIXED ASSETS

Tangible assets

4

83,501

81,014

CURRENT ASSETS

Stocks

126,598

345,814

Debtors

5

317,192

110,689

Cash at bank

66,449

45,599

510,239

502,102

CREDITORS

Amounts falling due within one year

6

460,693

525,592

NET CURRENT ASSETS/(LIABILITIES)

49,546

(23,490

)

TOTAL ASSETS LESS CURRENT LIABILITIES

133,047

57,524

CREDITORS

Amounts falling due after more than one year

7

(18,824

)

(19,329

)

PROVISIONS FOR LIABILITIES

(18,034

)

(16,891

)

NET ASSETS

96,189

21,304

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

96,089

21,204

SHAREHOLDERS' FUNDS

96,189

21,304

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 8 June 2026 and were signed by:

A W Gillespie - Director

1.	STATUTORY INFORMATION

Precision Builders Ltd 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

Cost

At 1 December 2024

153,738

15,531

169,269

Additions

42,283

2,202

44,485

Disposals

(19,995

)

(1,361

)

(21,356

)

At 30 November 2025

176,026

16,372

192,398

Depreciation

At 1 December 2024

79,167

9,088

88,255

Charge for year

26,461

3,503

29,964

Eliminated on disposal

(8,982

)

(340

)

(9,322

)

At 30 November 2025

96,646

12,251

108,897

Net book value

At 30 November 2025

79,380

4,121

83,501

At 30 November 2024

74,571

6,443

81,014

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

Plant and

Computer

machinery

equipment

Totals

£

£

£

Cost

At 1 December 2024

73,633

1,083

74,716

Additions

38,925

1,356

40,281

At 30 November 2025

112,558

2,439

114,997

Depreciation

At 1 December 2024

36,275

90

36,365

Charge for year

19,071

813

19,884

At 30 November 2025

55,346

903

56,249

Net book value

At 30 November 2025

57,212

1,536

58,748

At 30 November 2024

37,358

993

38,351

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Trade debtors

193,633

17,423

Amounts owed by group undertakings

8,540

8,012

Other debtors

115,019

85,254

317,192

110,689

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Bank loans and overdrafts

5,000

10,000

Hire purchase contracts

22,415

16,440

Trade creditors

213,941

241,815

Taxation and social security

199,599

171,456

Other creditors

19,738

85,881

460,693

525,592

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/11/25

30/11/24

£

£

Bank loans

-

5,000

Hire purchase contracts

18,824

14,329

18,824

19,329

8.	RELATED PARTY DISCLOSURES

Precision Green Energy Solutions Ltd

A company controlled by the director A W Gillespie

Included in other debtors is a loan to Precision Green Energy Solutions Ltd of £110,542 (2024 - £84,181). The loan is interest free and has no fixed repayment terms.

Precision Property Holdings Ltd

The parent company controlled by the director A W Gillespie

Included in other debtors is a loan to Precision Property Holdings Ltd of £8,540 (2024 - £8,012). The loan is interest free and has no fixed repayment terms.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Precision Property Holdings Ltd.

The company is controlled by Precision Property Holdings Ltd, a company controlled by the Director A W Gillespie. Precision Property Holdings Ltd, which shares the same registered office as Precision Builders Ltd, has taken the option under Section 399(2A) of the Companies Act 2006 not to prepare consolidated financial statements.