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REGISTERED NUMBER: 03819230 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2022 TO 30 MARCH 2023

FOR

JAMES R PEARCE DEVELOPMENTS LIMITED

JAMES R PEARCE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03819230)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 30 MARCH 2023










Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 4

Report of the Accountants 6

JAMES R PEARCE DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 SEPTEMBER 2022 TO 30 MARCH 2023







DIRECTOR: Mr J R Pearce





REGISTERED OFFICE: 584 Wellsway
Bath
Somerset
BA2 2UE





REGISTERED NUMBER: 03819230 (England and Wales)





ACCOUNTANTS: JSH Accountancy Limited
584 Wellsway
Bath
Somerset
BA2 2UE

JAMES R PEARCE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03819230)

REPORT OF THE DIRECTOR
FOR THE PERIOD 1 SEPTEMBER 2022 TO 30 MARCH 2023


The director presents his report with the financial statements of the company for the period 1 September 2022 to 30 March 2023.

DIRECTOR
Mr J R Pearce held office during the whole of the period from 1 September 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr J R Pearce - Director


31 January 2024

JAMES R PEARCE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03819230)

BALANCE SHEET
30 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 503,623 503,562

CURRENT ASSETS
Stocks 1,033,738 1,117,738
Debtors 5 741,693 619,065
Cash at bank 336,706 309,567
2,112,137 2,046,370
CREDITORS
Amounts falling due within one year 6 (632,984 ) (602,370 )
NET CURRENT ASSETS 1,479,153 1,444,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,982,776

1,947,562

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,982,676 1,947,462
SHAREHOLDERS' FUNDS 1,982,776 1,947,562

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2024 and were signed by:



Mr J R Pearce - Director


JAMES R PEARCE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03819230)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 30 MARCH 2023


1. STATUTORY INFORMATION

James R Pearce Developments Limited 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.
Plant and machinery - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

JAMES R PEARCE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03819230)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 30 MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 501,784 52,324 26,296 2,818 583,222
Additions - - - 374 374
At 30 March 2023 501,784 52,324 26,296 3,192 583,596
DEPRECIATION
At 1 September 2022 - 51,595 26,296 1,769 79,660
Charge for period - 106 - 207 313
At 30 March 2023 - 51,701 26,296 1,976 79,973
NET BOOK VALUE
At 30 March 2023 501,784 623 - 1,216 503,623
At 31 August 2022 501,784 729 - 1,049 503,562

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 741,693 619,065

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,223 222
Trade creditors 5,502 9,190
Tax 54,760 45,602
Social security and other taxes 176 -
VAT 3,760 945
Directors' current accounts 536,317 532,749
Accruals and deferred income 31,246 13,662
632,984 602,370

JAMES R PEARCE DEVELOPMENTS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
JAMES R PEARCE DEVELOPMENTS LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 30 March 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






JSH Accountancy Limited
584 Wellsway
Bath
Somerset
BA2 2UE


Date: .............................................