Precise Tax Limited
Company Number: 07913197
Period End: 31st May 2026
Key Facts
Net Assets
Current: £24,279
Previous: £8,351
Change: +15,928 (+190.7%)
Comment: Significant rise in net assets and liabilities.
Current Assets
Current: £45,242
Previous: £26,224
Change: +£19,018 (+72.5%)
Comment: Current assets increased significantly.
Cash
Current: Not reported
Previous: Not reported
Comment: Not reported
Creditors 1 Year
Current: £21,778
Previous: £18,463
Change: +£3,315 (+18%)
Comment: Short‑term creditors rose noticeably.
Net Current Assets Liabilities
Current: £23,464
Previous: £7,761
Change: +£15,703 (+202.3%)
Comment: Net current assets rose sharply, indicating a strong improvement in working capital.
Fixed Assets
Current: £815
Previous: £590
Change: +£225 (+38.1%)
Comment: Fixed assets increased significantly.
Turnover
Current: Not reported
Previous: Not reported
Comment: Turnover not reported for either period, which is common for micro‑entity and small business.
Employees
Current: 3
Previous: 3
Change: +0 (+0%)
Comment: No change in team size.
News Summary
Precise Tax Limited Sees Significant Rise in Net Assets
4th June 2026
Precise Tax Limited has reported a substantial increase in its net assets, with a rise of 190.7% to £24,279, indicating a notable improvement in the company's financial standing.
The company's current assets have also seen a significant boost, increasing by 72.5% to £45,242, which suggests a strong ability to meet short-term obligations and invest in growth opportunities.
Liabilities have risen, with short-term creditors increasing by 18% to £21,778, which may impact the company's liquidity and require careful management to maintain a stable financial position.
Operational performance is unclear due to the lack of reported turnover figures, which is not uncommon for micro-entities and small businesses, making it challenging to assess the company's revenue growth and profitability.
Notable gaps in the data include cash reserves and turnover, which are essential for a comprehensive understanding of the company's financial health and performance, highlighting the need for more detailed reporting to provide a complete picture.
The significant rise in net assets and current assets, combined with the increase in fixed assets, suggests a positive trend for Precise Tax Limited, implying a strong foundation for future growth and investment, although careful management of liabilities will be essential to maintaining stability and ensuring the company's continued success.