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 07056363 Mr Andrew Sale Mrs Catherine Sale true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07056363 2024-10-31 07056363 2025-10-31 07056363 2024-11-01 2025-10-31 07056363 frs-core:CurrentFinancialInstruments 2025-10-31 07056363 frs-core:BetweenOneFiveYears 2025-10-31 07056363 frs-core:ComputerEquipment 2025-10-31 07056363 frs-core:ComputerEquipment 2024-11-01 2025-10-31 07056363 frs-core:ComputerEquipment 2024-10-31 07056363 frs-core:MotorVehicles 2024-11-01 2025-10-31 07056363 frs-core:PlantMachinery 2025-10-31 07056363 frs-core:PlantMachinery 2024-11-01 2025-10-31 07056363 frs-core:PlantMachinery 2024-10-31 07056363 frs-core:WithinOneYear 2025-10-31 07056363 frs-core:ShareCapital 2025-10-31 07056363 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 07056363 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 07056363 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 07056363 frs-bus:SmallEntities 2024-11-01 2025-10-31 07056363 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 07056363 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 07056363 1 2024-11-01 2025-10-31 07056363 frs-bus:Director1 2024-11-01 2025-10-31 07056363 frs-bus:Director2 2024-11-01 2025-10-31 07056363 frs-countries:EnglandWales 2024-11-01 2025-10-31 07056363 2023-10-31 07056363 2024-10-31 07056363 2023-11-01 2024-10-31 07056363 frs-core:CurrentFinancialInstruments 2024-10-31 07056363 frs-core:BetweenOneFiveYears 2024-10-31 07056363 frs-core:WithinOneYear 2024-10-31 07056363 frs-core:ShareCapital 2024-10-31 07056363 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31
Registered number: 07056363
Global Precision Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2025
Global Precision Ltd
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—5

Page 1
Global Precision Ltd
Statement of Financial Position
As At 31 October 2025
Statement of Financial Position
Registered number: 07056363

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 7,693 |  | 8,440
|  |  | 7,693 |  | 8,440
CURRENT ASSETS
Stocks |  | 57,209 |  | 287,597 |
Debtors | 5 | 1,337,151 |  | 607,217 |
Cash at bank and in hand |  | 582,454 |  | 935,305 |
|  | 1,976,814 |  | 1,830,119 |
Creditors: Amounts Falling Due Within One Year | 6 | (851,411 ) |  | (858,566 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,125,403 |  | 971,553
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,133,096 |  | 979,993
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (1,259 ) |  | (1,067 )
NET ASSETS |  |  | 1,131,837 |  | 978,926
CAPITAL AND RESERVES
Called up share capital | 7 |  | 100 |  | 100
Income Statement |  |  | 1,131,737 |  | 978,826
SHAREHOLDERS' FUNDS |  |  | 1,131,837 |  | 978,926

Page 1
Page 2
Global Precision 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 5 form part of these financial statements.
Page 2
Page 3
Global Precision Ltd
Notes to the Financial Statements
For The Year Ended 31 October 2025
Notes to the Financial Statements
1. General Information
Global Precision Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07056363 . 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 assumption 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:

Plant & Machinery | 20% on reducing balance
Motor Vehicles | 25% on reducing balance
Computer Equipment | 33% Straight line method

2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
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.
Page 3
Page 4
Global Precision Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2024: 17)
17 17
4. Tangible Assets

| Plant & Machinery | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 November 2024 | 10,599 | - | 10,599
Additions | - | 1,250 | 1,250
As at 31 October 2025 | 10,599 | 1,250 | 11,849
Depreciation
As at 1 November 2024 | 2,159 | - | 2,159
Provided during the period | 1,688 | 309 | 1,997
As at 31 October 2025 | 3,847 | 309 | 4,156
Net Book Value
As at 31 October 2025 | 6,752 | 941 | 7,693
As at 1 November 2024 | 8,440 | - | 8,440

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 836,635 |  | 546,304
Amounts owed by group undertakings | 245,130 |  | 21,377
Other debtors | 171,112 |  | 39,536
| 1,252,877 |  | 607,217
Due after more than one year
Other debtors | 84,274 |  | -
| 1,337,151 |  | 607,217

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 662,622 |  | 647,068
Amounts owed to group undertakings | - |  | 38,030
Other creditors | 83,785 |  | 65,921
Taxation and social security | 105,004 |  | 107,547
| 851,411 |  | 858,566

7. Share Capital

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

Page 4
Page 5
Global Precision Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 75,000 |  | 56,250
Later than one year and not later than five years | 281,250 |  | -
| 356,250 |  | 56,250

9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
Director 1
At start of period - £0
Amounts advanced - £88,139
Amounts repaid - (£3,850)
At end of period - £84,289
The above loan is unsecured, interest free and repayable on demand.
10. Related Party Transactions
Debtors include the following amounts due from group companies:
Global Precision Asset Holdings Ltd : £18,952 (2024: £21,377)
Global Precision Holdings Ltd: £226,117 (2024: £0)
Creditors include the following amounts due to group companies:
Global Precision Holdings Ltd: £0 (2024: £38,030)
11. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Global Precision Holdings Limited (a company incorporated in England) by virtue of the fact it ownes 100% of the company's share capital.
Page 5