Company registration number:
SC354853
Precision Subsea Electronics Ltd
Unaudited filleted financial statements
31 March 2026
Precision Subsea Electronics Ltd
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Precision Subsea Electronics Ltd
Directors and other information
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Director |
Mr Steven Davis |
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Company number |
SC354853 |
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Registered office |
Unit 3, Old Tweedmill |
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Soroba Road |
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Oban |
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PA34 4HQ |
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Business address |
Unit 3, Old Tweedmill |
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Soroba Road |
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Oban |
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PA34 4HQ |
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Accountants |
Simmers & Co |
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Albany Chambers |
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Albany Street |
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Oban |
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PA34 4AL |
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Precision Subsea Electronics Ltd
Report to the director on the preparation of the
unaudited statutory financial statements of Precision Subsea Electronics Ltd
Year ended 31 March 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Precision Subsea Electronics Ltd for the year ended 31 March 2026 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the director of Precision Subsea Electronics Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Precision Subsea Electronics Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Precision Subsea Electronics Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Precision Subsea Electronics Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Precision Subsea Electronics Ltd. You consider that Precision Subsea Electronics Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Precision Subsea Electronics Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Simmers & Co
Chartered Accountants
Albany Chambers
Albany Street
Oban
PA34 4AL
6 October 2026
Precision Subsea Electronics Ltd
Statement of financial position
31 March 2026
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2026 |
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2025 |
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£ |
£ |
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£ |
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Fixed assets |
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34,979 |
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23,698 |
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_______ |
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Current assets |
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114,274 |
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36,364 |
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Prepayments and accrued income |
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2,512 |
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1,555 |
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_______ |
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_______ |
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116,786 |
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37,919 |
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Creditors: amounts falling due within one year |
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(
55,788) |
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(
33,185) |
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_______ |
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_______ |
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Net current assets |
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60,998 |
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4,734 |
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Total assets less current liabilities |
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95,977 |
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28,432 |
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Accruals and deferred income |
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(
1,617) |
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(
1,366) |
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Net assets |
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94,360 |
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27,066 |
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Capital and reserves |
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94,360 |
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27,066 |
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Notes to the financial statements
Precision Subsea Electronics Ltd
Year ended 31 March 2026
1.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2025:
1
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For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
06 October 2026
, and are signed on behalf of the board by:
Mr Steven Davis
Director
Company registration number:
SC354853
The company is a private company limited by shares, registered in Scotland.