Precise Publishing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02890110 (England and Wales)

PRECISE PUBLISHING LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD

1ST FEBRUARY 2019 TO 31ST MARCH 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K S Powis

Mrs J D Powis

SECRETARY:

Mrs J D Powis

REGISTERED OFFICE:

The Old Vicarage

Colley Gate

Halesowen

West Midlands

B63 2BU

REGISTERED NUMBER:

02890110 (England and Wales)

ACCOUNTANTS:

Ashtons Accountants

152 Halesowen Road

Old Hill

Cradley Heath

West Midlands

B64 5LP

FIXED ASSETS

Tangible assets

4

207,522

207,522

CURRENT ASSETS

Cash at bank

519

908

CREDITORS

Amounts falling due within one year

5

67,097

69,396

NET CURRENT LIABILITIES

(66,578

)

(68,488

)

TOTAL ASSETS LESS CURRENT LIABILITIES

140,944

139,034

CAPITAL AND RESERVES

Called up share capital

7

7

Retained earnings

140,937

139,027

SHAREHOLDERS' FUNDS

140,944

139,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2020 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 21st December 2020 and were signed on its behalf by:

K S Powis - Director

1.	STATUTORY INFORMATION

Precise Publishing 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.

Tangible fixed assets

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

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st February 2019

and 31st March 2020

207,521

2,386

209,907

DEPRECIATION

At 1st February 2019

and 31st March 2020

-

2,385

2,385

NET BOOK VALUE

At 31st March 2020

207,521

1

207,522

At 31st January 2019

207,521

1

207,522

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

1

-

Directors' current accounts

66,421

68,711

Accrued expenses

675

685

67,097

69,396