REGISTERED NUMBER: 04805351 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Precision Devices International Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N A Barnes

M A Barnes

A J Barnes

M A Oldroyd

SECRETARY:

M A Barnes

REGISTERED OFFICE:

Unit 4

Ripley Close

Normanton

WF6 1TB

REGISTERED NUMBER:

04805351 (England and Wales)

ACCOUNTANTS:

Lindley Adams Limited Chartered Accountants

28 Prescott Street

Halifax

West Yorkshire

HX1 2LG

FIXED ASSETS

Intangible assets

4

4,809

5,323

Tangible assets

5

112,257

129,442

117,066

134,765

CURRENT ASSETS

Stocks

271,253

221,606

Debtors

6

603,248

466,854

Cash at bank and in hand

85,558

142,309

960,059

830,769

CREDITORS

Amounts falling due within one year

7

613,034

543,458

NET CURRENT ASSETS

347,025

287,311

TOTAL ASSETS LESS CURRENT LIABILITIES

464,091

422,076

CREDITORS

Amounts falling due after more than one year

8

(85,184

)

-

PROVISIONS FOR LIABILITIES

(27,940

)

(24,479

)

NET ASSETS

350,967

397,597

CAPITAL AND RESERVES

Called up share capital

1,307

1,307

Retained earnings

349,660

396,290

SHAREHOLDERS' FUNDS

350,967

397,597

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 29 October 2025 and were signed on its behalf by:

M A Barnes - Director

1.	STATUTORY INFORMATION

Precision Devices International 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Intangible assets

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and equipment

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

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 13 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

32,414

Additions

86

At 31 March 2025

32,500

AMORTISATION

At 1 April 2024

27,091

Charge for year

600

At 31 March 2025

27,691

NET BOOK VALUE

At 31 March 2025

4,809

At 31 March 2024

5,323

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

equipment

equipment

Totals

£

£

£

£

COST

At 1 April 2024

296,876

33,264

8,144

338,284

Additions

800

702

2,082

3,584

Transfer to ownership

(1,641

)

-

1,641

-

At 31 March 2025

296,035

33,966

11,867

341,868

DEPRECIATION

At 1 April 2024

181,757

19,295

7,790

208,842

Charge for year

17,854

2,113

802

20,769

At 31 March 2025

199,611

21,408

8,592

229,611

NET BOOK VALUE

At 31 March 2025

96,424

12,558

3,275

112,257

At 31 March 2024

115,119

13,969

354

129,442

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

77,911

59,474

Other debtors

525,337

407,380

603,248

466,854

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

16,888

-

Trade creditors

190,805

209,075

Taxation and social security

163,797

174,120

Other creditors

241,544

160,263

613,034

543,458

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

85,184

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

14,829

-

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.25

31.3.24

£

£

M A Oldroyd

Balance outstanding at start of year

(2,454

)

3,103

Amounts advanced

34,236

10,410

Amounts repaid

(33,654

)

(15,967

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,872

)

(2,454

)