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REGISTERED NUMBER: 08740170 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

SARAH PEARSE LTD

SARAH PEARSE LTD (REGISTERED NUMBER: 08740170)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SARAH PEARSE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mrs S V Arnold



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 08740170 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: HSBC
4 Strand
Torquay
Devon
TQ1 2AB

SARAH PEARSE LTD (REGISTERED NUMBER: 08740170)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,362 11,609

CURRENT ASSETS
Debtors 5 79,882 55,845
Cash at bank 380,497 857,912
460,379 913,757
CREDITORS
Amounts falling due within one year 6 117,411 324,126
NET CURRENT ASSETS 342,968 589,631
TOTAL ASSETS LESS CURRENT LIABILITIES 352,330 601,240

PROVISIONS FOR LIABILITIES 2,481 2,206
NET ASSETS 349,849 599,034

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 349,847 599,032
SHAREHOLDERS' FUNDS 349,849 599,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

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




Mrs S V Arnold - Director


SARAH PEARSE LTD (REGISTERED NUMBER: 08740170)

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


1. STATUTORY INFORMATION

Sarah Pearse 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.
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

SARAH PEARSE LTD (REGISTERED NUMBER: 08740170)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2022 14,407 1,702 16,109
Additions - 1,091 1,091
At 31 October 2023 14,407 2,793 17,200
DEPRECIATION
At 1 November 2022 3,602 898 4,500
Charge for year 2,701 637 3,338
At 31 October 2023 6,303 1,535 7,838
NET BOOK VALUE
At 31 October 2023 8,104 1,258 9,362
At 31 October 2022 10,805 804 11,609

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 79,837 55,845
Other debtors 45 -
79,882 55,845

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 14,478 10,052
Tax 90,441 115,975
VAT 8,774 10,195
Directors' current accounts 398 185,037
Accrued expenses 3,320 2,867
117,411 324,126

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Mrs S V Arnold
Balance outstanding at start of year (185,037 ) (19,261 )
Amounts advanced 762,357 128,797
Amounts repaid (577,718 ) (294,573 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (398 ) (185,037 )

SARAH PEARSE LTD (REGISTERED NUMBER: 08740170)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

Loans are interest free, unsecured and repayable and demand.

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £558,000 (2022 - £275,000) were paid to the director .