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Registered number: 05923806
Presco UK Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Norsta Group Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05923806
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 212,033 226,151
Tangible Assets 5 176,222 206,382
388,255 432,533
CURRENT ASSETS
Stocks 6 619,443 665,622
Debtors 7 1,588,504 902,385
Cash at bank and in hand 132,047 521,099
2,339,994 2,089,106
Creditors: Amounts Falling Due Within One Year 8 (659,560 ) (571,593 )
NET CURRENT ASSETS (LIABILITIES) 1,680,434 1,517,513
TOTAL ASSETS LESS CURRENT LIABILITIES 2,068,689 1,950,046
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,218 ) (18,560 )
NET ASSETS 2,054,471 1,931,486
CAPITAL AND RESERVES
Called up share capital 9 601,000 601,000
Capital redemption reserve 200,000 200,000
Profit and Loss Account 1,253,471 1,130,486
SHAREHOLDERS' FUNDS 2,054,471 1,931,486
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For the year ending 31 December 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 Profit and Loss Account.
On behalf of the board
Mr M Painter
Director
2 September 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Presco UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05923806 . The registered office is Pry Farm, The Pry, Swindon, SN5 4JP.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisitions of businesses in 2021, 2024 and 2025. It is amortised to profit and loss account over its estimated economic life of ten years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are initially measured at cost.  After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Customer lists are being amortised over their estimated useful life of ten years.
Website costs are being amortised evenly over their estimated useful life of three years.
2.5. 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 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on reducing balance
2.6. 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.
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2.7. 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 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 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
The average number of employees during the year was 10 (2024: 16)
10 16
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 January 2025 255,000 74,280 329,280
Additions 12,000 1,710 13,710
As at 31 December 2025 267,000 75,990 342,990
Amortisation
As at 1 January 2025 43,625 59,504 103,129
Provided during the period 26,000 1,828 27,828
As at 31 December 2025 69,625 61,332 130,957
Net Book Value
As at 31 December 2025 197,375 14,658 212,033
As at 1 January 2025 211,375 14,776 226,151
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2025 59,245 233,750 209,134 502,129
Additions 9,316 25,995 8,397 43,708
Disposals - (33,503 ) (12,446 ) (45,949 )
As at 31 December 2025 68,561 226,242 205,085 499,888
Depreciation
As at 1 January 2025 23,089 110,277 162,381 295,747
Provided during the period 10,702 34,290 15,182 60,174
Disposals - (23,848 ) (8,407 ) (32,255 )
As at 31 December 2025 33,791 120,719 169,156 323,666
Net Book Value
As at 31 December 2025 34,770 105,523 35,929 176,222
As at 1 January 2025 36,156 123,473 46,753 206,382
6. Stocks
2025 2024
£ £
Stock 619,443 665,622
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 382,013 392,046
Amounts owed by group undertakings 1,191,482 500,000
Other debtors 15,009 10,339
1,588,504 902,385
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 113,247 108,915
Other creditors 145,775 88,119
Taxation and social security 400,538 374,559
659,560 571,593
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 601,000 601,000
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10. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Pry Farm Ltd .
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