PEARTREE LOGISTICS LIMITED

Company Registration Number:
10897448 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 1 September 2022

End date: 31 August 2023

PEARTREE LOGISTICS LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

PEARTREE LOGISTICS LIMITED

Directors' report period ended 31 August 2023

The directors present their report with the financial statements of the company for the period ended 31 August 2023

Directors

The directors shown below have held office during the whole of the period from
1 September 2022 to 31 August 2023

Mr G Breen
Mr A J Brady


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 August 2024

And signed on behalf of the board by:
Name: Mr G Breen
Status: Director

PEARTREE LOGISTICS LIMITED

Profit And Loss Account

for the Period Ended 31 August 2023

2023 2022


£

£
Turnover: 2,142,248 2,098,318
Cost of sales: ( 1,421,069 ) ( 1,498,767 )
Gross profit(or loss): 721,179 599,551
Administrative expenses: ( 709,521 ) ( 433,617 )
Operating profit(or loss): 11,658 165,934
Interest payable and similar charges: ( 18,584 ) ( 4,119 )
Profit(or loss) before tax: (6,926) 161,815
Tax: 17,347 ( 25,447 )
Profit(or loss) for the financial year: 10,421 136,368

PEARTREE LOGISTICS LIMITED

Balance sheet

As at 31 August 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 194,580 102,727
Total fixed assets: 194,580 102,727
Current assets
Debtors: 4 530,183 414,529
Cash at bank and in hand: 70,237 37,128
Total current assets: 600,420 451,657
Creditors: amounts falling due within one year: 5 ( 578,321 ) ( 292,328 )
Net current assets (liabilities): 22,099 159,329
Total assets less current liabilities: 216,679 262,056
Creditors: amounts falling due after more than one year: 6 ( 145,609 ) ( 58,621 )
Total net assets (liabilities): 71,070 203,435
Capital and reserves
Called up share capital: 102 102
Profit and loss account: 70,968 203,333
Total Shareholders' funds: 71,070 203,435

The notes form part of these financial statements

PEARTREE LOGISTICS LIMITED

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 29 August 2024
and signed on behalf of the board by:

Name: Mr G Breen
Status: Director

The notes form part of these financial statements

PEARTREE LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

    Other accounting policies

    Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash generating unit to which the asset belongs. The cash generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units. Finance leases and hire purchase contracts Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability. 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. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

PEARTREE LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 18 18

PEARTREE LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2022 150,053 0 7,317 157,370
Additions 132,600 4,177 3,720 140,497
Disposals
Revaluations
Transfers
At 31 August 2023 282,653 4,177 11,037 297,867
Depreciation
At 1 September 2022 52,028 0 2,615 54,643
Charge for year 46,125 835 1,684 48,644
On disposals
Other adjustments
At 31 August 2023 98,153 835 4,299 103,287
Net book value
At 31 August 2023 184,500 3,342 6,738 194,580
At 31 August 2022 98,025 0 4,702 102,727

PEARTREE LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Debtors

2023 2022
£ £
Trade debtors 342,614 373,072
Other debtors 187,569 41,457
Total 530,183 414,529

PEARTREE LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 17,167 8,000
Trade creditors 493,325 233,015
Taxation and social security 23,714 31,230
Other creditors 44,115 20,083
Total 578,321 292,328

PEARTREE LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 52,958 22,000
Other creditors 92,651 36,621
Total 145,609 58,621