Pearl Uk M & It Services Limited 06768812 true 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is that of web design Digita Accounts Production Advanced 6.30.9574.0 true Dr Nasrullah Khilji 06768812 2022-06-01 2023-05-31 06768812 2023-05-31 06768812 bus:OrdinaryShareClass1 2023-05-31 06768812 core:RetainedEarningsAccumulatedLosses 2023-05-31 06768812 core:ShareCapital 2023-05-31 06768812 core:CurrentFinancialInstruments 2023-05-31 06768812 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 06768812 core:FurnitureFittingsToolsEquipment 2023-05-31 06768812 bus:FRS102 2022-06-01 2023-05-31 06768812 bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 06768812 bus:FullAccounts 2022-06-01 2023-05-31 06768812 bus:RegisteredOffice 2022-06-01 2023-05-31 06768812 bus:Director1 2022-06-01 2023-05-31 06768812 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 06768812 bus:EntityNoLongerTradingButTradedInPast 2022-06-01 2023-05-31 06768812 bus:Consolidated 2022-06-01 2023-05-31 06768812 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 06768812 core:FurnitureFittings 2022-06-01 2023-05-31 06768812 countries:England 2022-06-01 2023-05-31 06768812 2022-05-31 06768812 core:FurnitureFittingsToolsEquipment 2022-05-31 06768812 2022-05-31 06768812 bus:OrdinaryShareClass1 2022-05-31 06768812 core:RetainedEarningsAccumulatedLosses 2022-05-31 06768812 core:ShareCapital 2022-05-31 06768812 core:CurrentFinancialInstruments 2022-05-31 06768812 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 06768812 core:FurnitureFittingsToolsEquipment 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06768812

Pearl Uk M & It Services Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

 

Pearl Uk M & It Services Limited

Profit and Loss Account for the Year Ended 31 May 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Pearl Uk M & It Services Limited

(Registration number: 06768812)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

105

105

Creditors: Amounts falling due within one year

4

(53,975)

(53,975)

Net liabilities

 

(53,870)

(53,870)

Capital and reserves

 

Called up share capital

5

1

1

Retained earnings

(53,871)

(53,871)

Shareholders' deficit

 

(53,870)

(53,870)

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 8 August 2023
 

.........................................
Dr Nasrullah Khilji
Director

   
     
 

Pearl Uk M & It Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Mill
Pury Hill Business Park
Alderton Road
Towcester
Northants
NN12 7LS
United Kingdom

These financial statements were authorised for issue by the director on 8 August 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & fittings

20% reducing balance

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Pearl Uk M & It Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Pearl Uk M & It Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2022

500

500

At 31 May 2023

500

500

Depreciation

At 1 June 2022

395

395

At 31 May 2023

395

395

Carrying amount

At 31 May 2023

105

105

At 31 May 2022

105

105

4

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

6

2

2

Trade creditors

 

594

594

Amounts due to related parties

52,945

52,945

Social security and other taxes

 

141

141

Other payables

 

(1)

(1)

Accruals

 

294

294

 

53,975

53,975

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

         
 

Pearl Uk M & It Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

6

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank overdrafts

2

2