Company Registration No. 11533720 (England and Wales)
PEARSON WEALTH MANAGEMENT LTD
Unaudited accounts
for the year ended 31 July 2023
PEARSON WEALTH MANAGEMENT LTD
Unaudited accounts
Contents
PEARSON WEALTH MANAGEMENT LTD
Company Information
for the year ended 31 July 2023
Directors
Adrian John Keith
Suzanne Pyne
Company Number
11533720 (England and Wales)
Registered Office
11 JUDITH AVENUE
KNODISHALL
SAXMUNDHAM
SUFFOLK
IP17 1UY
UNITED KINGDOM
Accountants
MBS Accountancy Services Ltd
Garden House, 11 Judith Avenue
Knodishall
SAXMUNDHAM
Suffolk
IP17 1UY
PEARSON WEALTH MANAGEMENT LTD
Accountants' report
Accountants' report to the board of directors of PEARSON WEALTH MANAGEMENT LTD (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 July 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 July 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
MBS Accountancy Services Ltd
Garden House, 11 Judith Avenue
Knodishall
SAXMUNDHAM
Suffolk
IP17 1UY
6 October 2023
PEARSON WEALTH MANAGEMENT LTD
Statement of financial position
as at 31 July 2023
Tangible assets
20,535
54,093
Cash at bank and in hand
32,651
55,231
Creditors: amounts falling due within one year
(112,621)
(120,669)
Net current assets
132,845
155,273
Total assets less current liabilities
153,380
209,366
Provisions for liabilities
Net assets
153,380
205,970
Called up share capital
2
2
Profit and loss account
153,378
205,968
Shareholders' funds
153,380
205,970
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by
Suzanne Pyne
Director
Company Registration No. 11533720
PEARSON WEALTH MANAGEMENT LTD
Notes to the Accounts
for the year ended 31 July 2023
PEARSON WEALTH MANAGEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 11533720. The registered office is 11 JUDITH AVENUE, KNODISHALL, SAXMUNDHAM, SUFFOLK, IP17 1UY, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
129,478
2,109
59,314
190,901
At 31 July 2023
129,478
2,109
59,314
190,901
At 1 August 2022
97,110
2,108
37,590
136,808
Charge for the year
32,369
-
1,189
33,558
At 31 July 2023
129,479
2,108
38,779
170,366
At 31 July 2023
(1)
1
20,535
20,535
At 31 July 2022
32,368
1
21,724
54,093
PEARSON WEALTH MANAGEMENT LTD
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Amounts due from group undertakings etc.
204,315
215,100
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
28,210
38,333
Amounts owed to group undertakings and other participating interests
35,745
-
Taxes and social security
45,174
76,103
Loans from directors
920
920
Bohannan Holdings Ltd
Tuddenham Hall Estate Office
Tuddenham Hall
Tuddenham
IPSWICH IP6 9DD
8
Average number of employees
During the year the average number of employees was 17 (2022: 18).