Precision Europe Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 07967336

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		122,364		146,333

			122,364		146,333
CURRENT ASSETS
Stocks	5	43,941		37,090
Debtors	6	109,071		105,606
Cash at bank and in hand		446,416		317,847

		599,428		460,543
Creditors: Amounts Falling Due Within One Year	7	(137,364 )		(109,666 )

NET CURRENT ASSETS (LIABILITIES)			462,064		350,877

TOTAL ASSETS LESS CURRENT LIABILITIES			584,428		497,210

Creditors: Amounts Falling Due After More Than One Year	8		(50,400 )		(50,400 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(15,001 )		(17,361 )

NET ASSETS			519,027		429,449

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			518,927		429,349

SHAREHOLDERS' FUNDS			519,027		429,449

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Precision Europe Limited

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit and Loss Account.

On behalf of the board

Mrs K E Christy

Director

30th July 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Precision Europe Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07967336 . The registered office is 155 Wellingborough Road, Rushden, Northamptonshire, NN10 9TB.

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. 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.

2.3. 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	10% on reducing balance
Motor Vehicles	20% on reducing balance
Fixtures & Fittings	10% on reducing balance
Computer Equipment	20% on reducing balance

2.4. 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 profit and loss account 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 profit and loss account as incurred.

2.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

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Precision Europe Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.7. Taxation

The taxation expense represents the sum of the corporation tax currently payable and any deferred tax.

The corporation tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years 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 in respect of all timing differences that have originated but not reversed at 28 February 2026.

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.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, excluding directors, during the year was: 8 (2025: 8)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 March 2025	64,399	90,489	9,236	22,498	186,622
Additions	1,042	-	-	-	1,042

As at 28 February 2026	65,441	90,489	9,236	22,498	187,664

Depreciation
As at 1 March 2025	17,316	9,394	2,837	10,742	40,289
Provided during the period	4,813	17,149	686	2,363	25,011

As at 28 February 2026	22,129	26,543	3,523	13,105	65,300

Net Book Value
As at 28 February 2026	43,312	63,946	5,713	9,393	122,364

As at 1 March 2025	47,083	81,095	6,399	11,756	146,333

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2026	2025
	£	£
Motor Vehicles	-	59,032

5. Stocks

	2026	2025
	£	£
Stock	43,941	37,090

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Precision Europe Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	101,665	98,353
Other debtors	7,406	7,253

	109,071	105,606

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	26,103	23,844
Other creditors	6,883	8,994
Taxation and social security	104,378	76,828

	137,364	109,666

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

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	50,400	50,400

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	-
Later than one year and not later than five years	50,400	50,400

	50,400	50,400

	50,400	50,400

10. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
75 Ordinary A shares of £ 1.00 each	75	75
25 Ordinary B shares of £ 1.00 each	25	25

	100	100

During the year, the company reclassified its share capital. The previous structure of:

60 Ordinary A shares and 40 Ordinary B shares

was reclassified to:

75 Ordinary A shares and 25 Ordinary B shares

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Precision Europe Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	20,004	20,004
Later than one year and not later than five years	20,016	40,016

	40,020	60,020

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