Acorah Software Products - Accounts Production 19.2.450 false true true 31 October 2024 1 November 2023 false 1 November 2024 31 October 2025 31 October 2025 11550790 Mr Andrew Sale Mrs Catherine Sale Global Precision Holdings Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11550790 2024-10-31 11550790 2025-10-31 11550790 2024-11-01 2025-10-31 11550790 frs-core:CurrentFinancialInstruments 2025-10-31 11550790 frs-core:Non-currentFinancialInstruments 2025-10-31 11550790 frs-core:ComputerEquipment 2025-10-31 11550790 frs-core:ComputerEquipment 2024-11-01 2025-10-31 11550790 frs-core:ComputerEquipment 2024-10-31 11550790 frs-core:FurnitureFittings 2025-10-31 11550790 frs-core:FurnitureFittings 2024-11-01 2025-10-31 11550790 frs-core:FurnitureFittings 2024-10-31 11550790 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-10-31 11550790 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-01 2025-10-31 11550790 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 11550790 frs-core:MotorVehicles 2025-10-31 11550790 frs-core:MotorVehicles 2024-11-01 2025-10-31 11550790 frs-core:MotorVehicles 2024-10-31 11550790 frs-core:PlantMachinery 2025-10-31 11550790 frs-core:PlantMachinery 2024-11-01 2025-10-31 11550790 frs-core:PlantMachinery 2024-10-31 11550790 frs-core:WithinOneYear 2025-10-31 11550790 frs-core:ShareCapital 2025-10-31 11550790 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 11550790 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 11550790 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 11550790 frs-bus:SmallEntities 2024-11-01 2025-10-31 11550790 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 11550790 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 11550790 1 2024-11-01 2025-10-31 11550790 frs-bus:Director1 2024-11-01 2025-10-31 11550790 frs-bus:Director2 2024-11-01 2025-10-31 11550790 frs-countries:EnglandWales 2024-11-01 2025-10-31 11550790 2023-10-31 11550790 2024-10-31 11550790 2023-11-01 2024-10-31 11550790 frs-core:CurrentFinancialInstruments 2024-10-31 11550790 frs-core:Non-currentFinancialInstruments 2024-10-31 11550790 frs-core:BetweenOneFiveYears 2024-10-31 11550790 frs-core:WithinOneYear 2024-10-31 11550790 frs-core:ShareCapital 2024-10-31 11550790 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31
Registered number: 11550790
Global Precision Asset Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2025
Global Precision Asset Holdings Ltd
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—6

Page 1
Global Precision Asset Holdings Ltd
Statement of Financial Position
As At 31 October 2025
Statement of Financial Position
Registered number: 11550790

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,855,646 |  | 1,957,329
|  |  | 1,855,646 |  | 1,957,329
CURRENT ASSETS
Debtors | 5 | 2,000 |  | 830 |
Cash at bank and in hand |  | 22,666 |  | 18,464 |
|  | 24,666 |  | 19,294 |
Creditors: Amounts Falling Due Within One Year | 6 | (1,228,844 ) |  | (1,252,636 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (1,204,178 ) |  | (1,233,342 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 651,468 |  | 723,987
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (496,653 ) |  | (553,675 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (129,524 ) |  | (105,406 )
NET ASSETS |  |  | 25,291 |  | 64,906
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100 |  | 100
Income Statement |  |  | 25,191 |  | 64,806
SHAREHOLDERS' FUNDS |  |  | 25,291 |  | 64,906

Page 1
Page 2
Global Precision Asset Holdings Ltd
Statement of Financial Position (continued)
As At 31 October 2025
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Income Statement.
On behalf of the board

Mr Andrew Sale Director
9 July 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Global Precision Asset Holdings Ltd
Notes to the Financial Statements
For The Year Ended 31 October 2025
Notes to the Financial Statements
1. General Information
Global Precision Asset Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11550790 . The registered office is Unit 3, River View, Haworth, Keighley, BD22 8SB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern asumption is appropriate the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:

Freehold | 2% on Straight line
Plant & Machinery | 10% on Reducing balance
Motor Vehicles | 25% on Reducing balance
Fixtures & Fittings | 15% on Reducing balance
Computer Equipment | 33% on Straight line

2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.
2.6. 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.
...CONTINUED
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Global Precision Asset Holdings Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
2.6. Taxation - continued
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.
2.7. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings
| £ | £ | £ | £
Cost
As at 1 November 2024 | 1,331,700 | 872,101 | 15,150 | 138,850
Additions | 3,270 | 8,093 | - | -
Disposals | - | (13,799 ) | - | -
As at 31 October 2025 | 1,334,970 | 866,395 | 15,150 | 138,850
Depreciation
As at 1 November 2024 | 107,651 | 242,402 | 6,979 | 43,440
Provided during the period | 26,645 | 62,563 | 2,043 | 14,312
Disposals | - | (6,316 ) | - | -
As at 31 October 2025 | 134,296 | 298,649 | 9,022 | 57,752
Net Book Value
As at 31 October 2025 | 1,200,674 | 567,746 | 6,128 | 81,098
As at 1 November 2024 | 1,224,049 | 629,699 | 8,171 | 95,410

| Computer Equipment | Total
--- | --- | ---
| £ | £
Cost
As at 1 November 2024 | 10,820 | 2,368,621
Additions | - | 11,363
Disposals | (3,172 ) | (16,971 )
As at 31 October 2025 | 7,648 | 2,363,013

...CONTINUED
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Page 5
Global Precision Asset Holdings Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025

Depreciation
As at 1 November 2024 | 10,820 | 411,292
Provided during the period | - | 105,563
Disposals | (3,172 ) | (9,488 )
As at 31 October 2025 | 7,648 | 507,367
Net Book Value
As at 31 October 2025 | - | 1,855,646
As at 1 November 2024 | - | 1,957,329

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Amounts owed by group undertakings | 2,000 |  | -
Other debtors | - |  | 830
| 2,000 |  | 830

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 13,446 |  | 56,515
Bank loans and overdrafts | 47,175 |  | 46,039
Amounts owed to group undertakings | 1,141,001 |  | 1,143,426
Other creditors | 3,487 |  | 3,488
Taxation and social security | 23,735 |  | 3,168
| 1,228,844 |  | 1,252,636

7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | - |  | 14,137
Bank loans | 481,584 |  | 520,992
Other creditors | 15,069 |  | 18,546
| 496,653 |  | 553,675

8. Secured Creditors
Of the creditors the following amounts are secured.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 13,446 |  | 70,755
Bank loans and overdrafts | 528,759 |  | 567,031

Page 5
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Global Precision Asset Holdings Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
9. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 13,446 |  | 56,515
Later than one year and not later than five years | - |  | 14,137
| 13,446 |  | 70,652
| 13,446 |  | 70,652

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

11. Related Party Transactions
Creditors include the following amounts due to group companies:
Global Precision Holdings Ltd : £1,122,049 (2024: £1,122,049)
Global Precision Ltd : £18,952 (2024: £21,376)
Debtors include the following amounts due to group companies:
Global Precision UK Ltd : £2,000 (2024: £nil)
12. Ultimate Controlling Party
The company's ultimate controlling party is Global Precision Holdings Ltd by virtue of his ownership of 100% of the issued share capital in the company.
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