Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false2022-04-0149410 - Freight transport by road1214falsetrue 04109832 2022-04-01 2023-03-31 04109832 2021-04-01 2022-03-31 04109832 2023-03-31 04109832 2022-03-31 04109832 c:Director1 2022-04-01 2023-03-31 04109832 d:PlantMachinery 2023-03-31 04109832 d:PlantMachinery 2022-03-31 04109832 d:MotorVehicles 2023-03-31 04109832 d:MotorVehicles 2022-03-31 04109832 d:CurrentFinancialInstruments 2023-03-31 04109832 d:CurrentFinancialInstruments 2022-03-31 04109832 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04109832 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04109832 d:ShareCapital 2023-03-31 04109832 d:ShareCapital 2022-03-31 04109832 d:RetainedEarningsAccumulatedLosses 2023-03-31 04109832 d:RetainedEarningsAccumulatedLosses 2022-03-31 04109832 c:OrdinaryShareClass1 2022-04-01 2023-03-31 04109832 c:OrdinaryShareClass1 2023-03-31 04109832 c:OrdinaryShareClass1 2022-03-31 04109832 c:FRS102 2022-04-01 2023-03-31 04109832 c:Audited 2022-04-01 2023-03-31 04109832 c:FullAccounts 2022-04-01 2023-03-31 04109832 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04109832 c:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 04109832 d:EntityControlledByKeyManagementPersonnel1 2022-04-01 2023-03-31 04109832 d:EntityControlledByKeyManagementPersonnel1 2023-03-31 04109832 d:EntityControlledByKeyManagementPersonnel1 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure

Company Registration Number 04109832























D H PEARSON LIMITED





FINANCIAL STATEMENTS





 31 MARCH 2023

























img08fd.png

 
D H PEARSON LIMITED
REGISTERED NUMBER: 04109832

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Tangible fixed assets
 4 
-
-

  
-
-

Current assets
  

Debtors: amounts falling due within one year
 5 
4,424,157
4,378,426

Bank and cash balances
  
10,366
12,553

  
4,434,523
4,390,979

Creditors: amounts falling due within one year
 6 
(1,614,901)
(1,466,305)

Net current assets
  
 
 
2,819,622
 
 
2,924,674

Total assets less current liabilities
  
2,819,622
2,924,674

  

Net assets
  
2,819,622
2,924,674


Capital and reserves
  

Called up share capital 
 7 
1,000
1,000

Profit and loss account
  
2,818,622
2,923,674

  
2,819,622
2,924,674


The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
M J Ward
Director

Date: 22 December 2023

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
D H PEARSON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

D H Pearson Limited (the Company) 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.
The financial statements are prepared in sterling. The financial statements are for the year ended 31 March 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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.

 
2.2

Going concern

The financial statements are prepared on the going concern basis which assumes that the Company will continue to recharge costs to other Group companies. However the validity of the going concern basis is dependent upon the continued positive trade of the Group so it can be repaid for it's intercompany debtors. If the Company is unable to continue recharges, adjustments would be required to reduce the value of assets to their recoverable amounts, to provide any further liabilities that might arise and to analyse both fixed assets and long term liabilities as a current asset/liabilities. 
The Directors have assessed the performance and overall going concern status of the group and consider that the group will continue to be able to repay its debt for costs incurred within the company. The financial statements have been prepared on a going concern basis.

  
2.3

Related party exemption

The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
All transactions entered into with companies under common control were concluded under normal market conditions, therefore no further disclosure is necessary in accordance with FRS102 section 1A.

  
2.4

Turnover

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

  
2.5

Income recognition

Turnover is recognised when the recharge has been made to the Group companies.

Page 2

 
D H PEARSON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

  
2.6

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery   - 25% on cost
Motor vehicles   - 15% on cost
Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

  
2.7

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

  
2.8

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 year 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.

  
2.9

Pension costs and other post-retirement benefits

The Company operates a defined contribution pension scheme. Contributions payable to the Company's pension scheme are charged to profit or loss in the period to which they relate.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2022 - 14).

Page 3

 
D H PEARSON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 April 2022
90,181
648,126
738,307



At 31 March 2023

90,181
648,126
738,307



Depreciation


At 1 April 2022
90,181
648,126
738,307



At 31 March 2023

90,181
648,126
738,307



Net book value



At 31 March 2023
-
-
-



At 31 March 2022
-
-
-


5.


Debtors

2023
2022
£
£


Trade debtors
8,872
438

Amounts owed by group undertakings
4,249,701
4,365,982

Other debtors
42,031
4,722

Prepayments and accrued income
123,553
7,284

4,424,157
4,378,426


Amounts owed by group undertakings are interest free and repayable on demand.

Page 4

 
D H PEARSON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
114,113
77,645

Amounts owed to group undertakings
1,471,817
1,213,135

Other taxation and social security
10,652
13,634

Other creditors
3,381
2,232

Accruals and deferred income
14,938
159,659

1,614,901
1,466,305


Amounts owed to group undertakings are interest free and repayable on demand.


7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares shares of £1.00 each
1,000
1,000



8.


Contingent liabilities

The Company has an unlimited multilateral guarantee dated 05 April 2018 given by Bulk Logistics Group Ltd, J. & J. Ward Limited, D H Pearson Limited, Hare Bulk Haulage Limited and Horsley Bulk Transport Limited covering all of these companies banking facilities. No liability is expected to arise in relation to this guarantee as at the year end the group position was not overdrawn.


9.


Related party transactions

At the reporting date amounts of £8,872 (2022: £8,872) were owed from a Company under common control. The amounts are interest free and repayable on demand.


10.


Controlling party

The Company is a wholly owned subsidiary of Bulk Logistics Group Ltd, a company registered in England and Wales, for which group accounts are prepared. The registered office is: The Garage, Patrick Brompton, Bedale, North Yorkshire, DL8 9PT.
At the reporting date amounts of £1,501 (2022: £1,501) were due to a company under common control. The amounts are interest free and repayable on demand.


11.


Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2023 was unqualified.

The audit report was signed on 22 December 2023 by Steven Preston (Senior Statutory Auditor) on behalf of Armstrong Watson Audit Limited.

Page 5