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REGISTERED NUMBER: 14163066 (England and Wales)

















Pearson Advanced Engineering Ltd

Financial Statements for the Period 9 June 2022 to 30 June 2023






Pearson Advanced Engineering Ltd (Registered number: 14163066)






Contents of the Financial Statements
for the period 9 June 2022 to 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pearson Advanced Engineering Ltd

Company Information
for the period 9 June 2022 to 30 June 2023







DIRECTORS: Mr R D Pearson
Mrs J E Pearson





REGISTERED OFFICE: Enholmes Hall
Enholmes Lane
Patrington
East Yorkshire
HU12 0PR





REGISTERED NUMBER: 14163066 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

Pearson Advanced Engineering Ltd (Registered number: 14163066)

Balance Sheet
30 June 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 200

CURRENT ASSETS
Debtors 5 18,509
Cash at bank 55,002
73,511
CREDITORS
Amounts falling due within one year 6 41,187
NET CURRENT ASSETS 32,324
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,524

PROVISIONS FOR LIABILITIES 38
NET ASSETS 32,486

RESERVES
Retained earnings 32,486
SHAREHOLDERS' FUNDS 32,486

Pearson Advanced Engineering Ltd (Registered number: 14163066)

Balance Sheet - continued
30 June 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2023 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2024 and were signed on its behalf by:





Mr R D Pearson - Director


Pearson Advanced Engineering Ltd (Registered number: 14163066)

Notes to the Financial Statements
for the period 9 June 2022 to 30 June 2023

1. STATUTORY INFORMATION

Pearson Advanced Engineering Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

Pearson Advanced Engineering Ltd (Registered number: 14163066)

Notes to the Financial Statements - continued
for the period 9 June 2022 to 30 June 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 300
At 30 June 2023 300
DEPRECIATION
Charge for period 100
At 30 June 2023 100
NET BOOK VALUE
At 30 June 2023 200

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 15,252
Prepayments 3,257
18,509

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Tax 19,008
VAT 6,697
Directors' current accounts 14,844
Accruals 638
41,187