xbrli:pureiso4217:DKK429929332022-01-192023-03-31429929332022-01-192023-03-311429929332022-01-192023-03-311429929332022-01-192023-03-31429929332022-01-192023-03-31fsa:RetainedEarningsMember429929332022-01-192023-03-31fsa:RetainedEarningsMember429929332023-03-31429929332023-03-31fsa:ContributedCapitalMember429929332023-03-31fsa:RetainedEarningsMember429929332022-01-192023-03-31fsa:ContributedCapitalMember429929332022-01-192023-03-31fsa:OtherShorttermPayablesMember2023-06-292023-06-29true33963556Aalborg900026, 4. salØstre HavnepromenadeDeloitte Statsautoriseret RevisionspartnerselskabAalborgSvenstrup J9230Regnskabsklasse BAndre erklæringer uden sikkerhed2023-03-312022-01-19<br /><br />13LansenPrecision Services ApS42992933339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapportThe Executive Board has today considered and approved the annual report of Precision Services ApS for the financial year 19.01.2022 - 31.03.2023. The annual report is presented in accordance with the Danish Financial Statements Act.In my opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.03.2023 and of the results of its operations for the financial year 19.01.2022 - 31.03.2023.I believe that the management commentary contains a fair review of the affairs and conditions referred to therein.I consider the preconditions for not auditing the financial statements for the financial year 19.01.2022 - 31.03.2023 to be complied with.I recommend to the Annual General Meeting that the financial statements for the next financial year not be audited.I recommend the annual report for adoption at the Annual General Meeting.SvenstrupJeppe MüllerTo Management of Precision Services ApSWe have compiled the financial statements of Precision Services ApS for the financial year 19.01.2022 - 31.03.2023 based on the Entity’s bookkeeping records and other information Management has provided. ​ ​These financial statements comprise the income statement, balance sheet, statement of changes in equity, notes and a summary of significant accounting policies. ​ ​We performed this compilation engagement in accordance with ISRS 4410, Compilation Engagements. ​ ​We have applied our expertise in accounting and financial reporting to assist Management in the preparation ​and presentation of these financial statements in accordance with the Danish Financial Statements Act. We have complied with relevant provisions of the Danish Public Accountants Act and the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code), including principles of integrity, objectivity, professional competence and due care. These financial statements and the accuracy and completeness of the information used to compile the financial ​statements are Management’s responsibility. Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy ​or completeness of the disclosures Management provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion about whether the financial statements ​have been prepared in accordance with the Danish Financial Statements Act. AalborgRené Winther Pedersenmne34173State Authorised Public AccountantPrimary activitiesThe primary acitivity of the company is to perform services to products sold in the Precision Global Group.Description of material changes in activities and financesThe annual result shows a profit of 14 t.DKK. The management considers the annual result satisfactory when taking the Company's establishment phase into consideration. Events after the balance sheet dateNo events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.85853981297645563265671899653061369013690136906179146179141315063106463106440000136905369040000136904561375306115931577374577374631064400000400001 Staff costs2022/23 DKKWages and salaries723,368Pension costs84,306Other social security costs5,302812,976Average number of full-time employees112 Other financial expenses2022/23 DKKFinancial expenses from group enterprises23,788Exchange rate adjustments10Other financial expenses2,76926,567<br />2022/23 DKKFinancial expenses from group enterprises23,788Exchange rate adjustments10Other financial expenses2,76926,5673 Tax on profit/loss for the year2022/23 DKKCurrent tax5,3065,3064 Other payables2022/23 DKKVAT and duties39,812Wages and salaries, personal income taxes, social security costs, etc. payable76,119115,9315 Contingent liabilitiesThe Entity participates in a Danish joint taxation arrangement where Precision Global ApS serves as the administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity is therefore liable for income taxes etc for the jointly taxed entities, and for obligations, if any, relating to the withholding of tax on interest, royalties and dividend for the jointly taxed entities. The jointly taxed entities' total known net liability under the joint taxation arrangement is disclosed in the administration company's financial statements.6 Group relationsName and registered office of the Parent preparing consolidated financial statements for the smallest group: Precision Global ApS, AalborgThis annual report has been presented in accordance with the provisions of the Danish Financial Statements Act governing reporting class B enterprises with addition of a few provisions for reporting class C.Non-comparabilityThis financial report is the Company's first, which is the reason why the period is 14,5 months and no comparative figures.Recognition and measurementAssets are recognised in the balance sheet when it is probable as a result of a prior event that future economic benefits will flow to the Entity, and the value of the asset can be measured reliably. Liabilities are recognised in the balance sheet when the Entity has a legal or constructive obligation as a result of a prior event, and it is probable that future economic benefits will flow out of the Entity, and the value of the liability can be measured reliably. On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial recognition is effected as described below for each financial statement item. Anticipated risks and losses that arise before the time of presentation of the annual report and that confirm or invalidate affairs and conditions existing at the balance sheet date are considered at recognition and measurement. Income is recognised in the income statement when earned, whereas costs are recognised by the amounts attributable to this financial year.Gross profit or lossGross profit or loss comprises revenue and external expenses.RevenueRevenue from the sale of services is recognised in the income statement when delivery is made to the buyer. Revenue is recognised net of VAT, duties and sales discounts and is measured at fair value of the consideration fixed.Other operating incomeOther operating income comprises income of a secondary nature as viewed in relation to the Entity’s primary activities.Other external expensesOther external expenses include expenses relating to the Entity’s ordinary activities, including expenses for premises, stationery and office supplies, marketing costs, etc. This item also includes writedowns of receivables recognised in current assets.Staff costsStaff costs comprise salaries and wages, and social security contributions, pension contributions, etc . for entity staff.Other financial expensesOther financial expenses comprise interest expenses, including interest expenses on payables to group enterprises, net capital or exchange losses on securities, payables and transactions in foreign currencies, and tax surcharge under the Danish Tax Prepayment Scheme etc.Tax on profit/loss for the yearTax for the year, which consists of current tax for the year and changes in deferred tax, is recognised in the income statement by the portion attributable to the profit for the year and recognised directly in equity by the portion attributable to entries directly in equity.ReceivablesReceivables are measured at amortised cost, usually equalling nominal value less writedowns for bad and doubtful debts.CashCash comprises bank deposits.Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.Joint taxation contributions payable or receivableCurrent joint taxation contributions receivable or joint taxation contributions payable are recognised in the balance sheet, calculated as tax computed on the taxable income of the year, which has been adjusted for prepaid tax. For tax losses, joint taxation contributions receivable are only recognised if such losses are expected to be used under the joint taxation arrangement.2023-06-29Jeppe Müller