REGISTERED NUMBER: 16436259 (England and Wales)

Unaudited Financial Statements

for the Period 7th May 2025 to 31st May 2026

for

Precision Glazing Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J J Nicholls

Mrs C L Nicholls

Mrs S L Payne

Mr J C Payne

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

South Glos

BS32 4JY

REGISTERED NUMBER:

16436259 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

8,945

CURRENT ASSETS

Debtors

5

20,318

Cash at bank

12,358

32,676

CREDITORS

Amounts falling due within one year

6

28,967

NET CURRENT ASSETS

3,709

TOTAL ASSETS LESS CURRENT LIABILITIES

12,654

PROVISIONS FOR LIABILITIES

1,764

NET ASSETS

10,890

CAPITAL AND RESERVES

Called up share capital

9

4

Retained earnings

10,886

SHAREHOLDERS' FUNDS

10,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st May 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st May 2026 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 15th July 2026 and were signed on its behalf by:

Mr J J Nicholls - Director

1.	STATUTORY INFORMATION

Precision Glazing Services 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.

The financial statements are presented in sterling (£), which is the functional currency of the company.

Critical accounting judgements and key sources of estimation uncertainty

The directors consider that there are no critical judgements or key sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover represents amounts receivable for glazing services provided during the period, net of VAT. Revenue is recognised as the service is performed, based on the stage of completion or when the service has been completed, depending on the nature of the engagement.

Any amounts received in advance of work performed are recognised as deferred income within creditors.

All turnover is derived from customers based in the United Kingdom.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% on cost

Taxation

Taxation for the period 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 period 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 period was 2 .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

Additions

11,667

292

11,959

At 31st May 2026

11,667

292

11,959

DEPRECIATION

Charge for period

2,917

97

3,014

At 31st May 2026

2,917

97

3,014

NET BOOK VALUE

At 31st May 2026

8,750

195

8,945

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

19,422

VAT

718

Prepayments

178

20,318

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Tax

11,732

Directors' current accounts

14,679

Accruals and deferred income

1,716

Accrued expenses

840

28,967

7.	SECURED DEBTS

The Company had no secured liabilities at the balance sheet date.

8.	FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments'.

Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method, less any impairment.

Basic financial liabilities

Short-term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

4

Ordinary

£1

4

10.	CONTINGENT LIABILITIES

The Company had no contingent liabilities at the balance sheet date.

11.	RELATED PARTY DISCLOSURES

At the balance sheet date, the Company owed £14,679 to the directors. The balance is unsecured, interest-free and repayable on demand.

12.	POST BALANCE SHEET EVENTS

There have been no events after the balance sheet date affecting the Company since the financial period.

13.	CASH & CASH EQUIVALENTS

Cash comprises cash in hand and demand deposits. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value.

Cash and cash equivalents consist solely of balances held in the Company's bank current account. The Company does not hold any short-term investments and does not operate an overdraft facility.

14.	OPERATING LEASES

The Company had no material commitments under non-cancellable operating leases at the balance sheet date.

15.	GOING CONCERN

The financial statements have been prepared on a going concern basis. The directors have considered the Company's financial position and are satisfied that it has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.