Precision Products (Portsmouth) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03916238 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Precision Products (Portsmouth) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J L Armitage

R Weber

REGISTERED OFFICE:

Unit 2a Alexandria Park

1 Penner Road

Havant

Hampshire

PO9 1QY

REGISTERED NUMBER:

03916238 (England and Wales)

ACCOUNTANTS:

Dragon Argent Limited

C/O Dragon Argent Limited

3 More London Riverside

London

SE1 2RE

FIXED ASSETS

Tangible assets

4

678,900

698,044

Investments

5

1

678,901

698,045

CURRENT ASSETS

Stocks

268,794

214,248

Debtors

6

252,870

356,235

Cash at bank

162,510

91,598

684,174

662,081

CREDITORS

Amounts falling due within one year

7

182,531

193,240

NET CURRENT ASSETS

501,643

468,841

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,180,544

1,166,886

CREDITORS

Amounts falling due after more than one
year

8

(40,581

)

(52,969

)

PROVISIONS FOR LIABILITIES

(23,484

)

(28,642

)

NET ASSETS

1,116,479

1,085,275

CAPITAL AND RESERVES

Called up share capital

4

Retained earnings

1,116,475

1,085,271

1,116,479

1,085,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 22 September 2026 and were signed on its behalf by:

J L Armitage - Director

1.	STATUTORY INFORMATION

Precision Products (Portsmouth) Limited 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 17 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2025

588,156

462,998

1,051,154

Additions

2,255

2,384

4,639

At 31 December 2025

590,411

465,382

1,055,793

DEPRECIATION

At 1 January 2025

5,613

347,497

353,110

Charge for year

596

23,187

23,783

At 31 December 2025

6,209

370,684

376,893

NET BOOK VALUE

At 31 December 2025

584,202

94,698

678,900

At 31 December 2024

582,543

115,501

698,044

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

1

NET BOOK VALUE

At 31 December 2025

1

At 31 December 2024

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

250,133

350,870

Amounts owed by group undertakings

-

33

Other debtors

2,737

5,332

252,870

356,235

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Hire purchase contracts

12,388

Trade creditors

88,679

124,938

Amounts owed to group undertakings

29,572

-

Taxation and social security

50,275

47,464

Other creditors

1,617

8,450

182,531

193,240

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

31.12.24

£

Hire purchase contracts

40,581

52,969

A Hire Purchase Loan was advanced for £75,680, which is being repaid over 5 years from March 2024.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

H D Booth

Balance outstanding at start of year

274

240

Amounts advanced

-

34

Amounts repaid

(274

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

274