Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 10129047 Mr Paul Pearson Mrs Geraldine Pearson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10129047 2022-07-31 10129047 2023-07-31 10129047 2022-08-01 2023-07-31 10129047 frs-core:FurnitureFittings 2022-08-01 2023-07-31 10129047 frs-core:NetGoodwill 2022-08-01 2023-07-31 10129047 frs-core:PlantMachinery 2022-08-01 2023-07-31 10129047 frs-core:ShareCapital 2023-07-31 10129047 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10129047 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10129047 frs-bus:AbridgedAccounts 2022-08-01 2023-07-31 10129047 frs-bus:SmallEntities 2022-08-01 2023-07-31 10129047 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 10129047 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10129047 frs-bus:Director1 2022-08-01 2023-07-31 10129047 frs-bus:Director1 2022-07-31 10129047 frs-bus:Director1 2023-07-31 10129047 frs-bus:Director2 2022-08-01 2023-07-31 10129047 frs-bus:Director2 2022-07-31 10129047 frs-bus:Director2 2023-07-31 10129047 frs-countries:EnglandWales 2022-08-01 2023-07-31 10129047 2021-07-31 10129047 2022-07-31 10129047 2021-08-01 2022-07-31 10129047 frs-core:ShareCapital 2022-07-31 10129047 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 10129047
Pearson Garages Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2023
PPR Associates Ltd
77/77a High Street
South Normanton
Alfreton
Derbyshire
DE55 2BP
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 10129047
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 270,000 270,000
Tangible Assets 5 35,722 42,212
305,722 312,212
CURRENT ASSETS
Stocks 62,563 47,285
Debtors 174,939 73,178
Cash at bank and in hand 922,228 574,228
1,159,730 694,691
Creditors: Amounts Falling Due Within One Year (629,021 ) (454,136 )
NET CURRENT ASSETS (LIABILITIES) 530,709 240,555
TOTAL ASSETS LESS CURRENT LIABILITIES 836,431 552,767
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,787 ) (8,020 )
NET ASSETS 829,644 544,747
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 829,544 544,647
SHAREHOLDERS' FUNDS 829,644 544,747
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 July 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Paul Pearson
Director
16th April 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Pearson Garages Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10129047 . The registered office is 10 Welford Road, Kingsthorpe, Northampton, Northamptonshire, NN2 8AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of nil years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 15% reducing balance
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2022: 15)
15 15
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4. Intangible Assets
Total
£
Cost
As at 1 August 2022 270,000
As at 31 July 2023 270,000
Net Book Value
As at 31 July 2023 270,000
As at 1 August 2022 270,000
5. Tangible Assets
Total
£
Cost
As at 1 August 2022 68,473
Additions 3,988
As at 31 July 2023 72,461
Depreciation
As at 1 August 2022 26,261
Provided during the period 10,478
As at 31 July 2023 36,739
Net Book Value
As at 31 July 2023 35,722
As at 1 August 2022 42,212
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2022 Amounts advanced Amounts repaid Amounts written off As at 31 July 2023
£ £ £ £ £
Mr Paul Pearson - 46,802 - - 46,802
Mrs Geraldine Pearson - 46,801 - - 46,801
The above loan is unsecured, interest free and repayable on demand.
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