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Company Registration No. 13293598 (England and Wales)
PEARSON BARKER REINSTATEMENT LTD Unaudited accounts for the year ended 31 March 2024
PEARSON BARKER REINSTATEMENT LTD Unaudited accounts Contents
Page
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PEARSON BARKER REINSTATEMENT LTD Company Information for the year ended 31 March 2024
Directors
Jake Pearson Craig Barker
Company Number
13293598 (England and Wales)
Registered Office
127 MOORLAND AVENUE LINCOLN LN6 7NH ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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PEARSON BARKER REINSTATEMENT LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
431,847 
184,463 
Current assets
Debtors
411,416 
311,354 
Cash at bank and in hand
209,381 
12,809 
620,797 
324,163 
Creditors: amounts falling due within one year
(440,083)
(289,467)
Net current assets
180,714 
34,696 
Total assets less current liabilities
612,561 
219,159 
Provisions for liabilities
Deferred tax
(98,169)
(35,048)
Other provisions
(75,000)
- 
(173,169)
(35,048)
Net assets
439,392 
184,111 
Capital and reserves
Called up share capital
1 
1 
Capital contribution reserve
- 
20,000 
Profit and loss account
439,391 
164,110 
Shareholders' funds
439,392 
184,111 
For the year ending 31 March 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by
Jake Pearson Director Company Registration No. 13293598
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PEARSON BARKER REINSTATEMENT LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
PEARSON BARKER REINSTATEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 13293598. The registered office is 127 MOORLAND AVENUE, LINCOLN, LN6 7NH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures & fittings
20% Reducing balance
Computer equipment
20% Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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PEARSON BARKER REINSTATEMENT LTD Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
37,165 
196,995 
175 
500 
234,835 
Additions
31,775 
331,390 
- 
- 
363,165 
At 31 March 2024
68,940 
528,385 
175 
500 
598,000 
Depreciation
At 1 April 2023
7,882 
42,339 
42 
109 
50,372 
Charge for the year
12,112 
103,564 
27 
78 
115,781 
At 31 March 2024
19,994 
145,903 
69 
187 
166,153 
Net book value
At 31 March 2024
48,946 
382,482 
106 
313 
431,847 
At 31 March 2023
29,283 
154,656 
133 
391 
184,463 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
27,442 
5,645 
Trade debtors
32,146 
23,634 
Other debtors
351,828 
225,915 
411,416 
255,194 
Amounts falling due after more than one year
Other debtors
- 
56,160 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
46,537 
33,763 
Taxes and social security
39,972 
14,335 
Loans from directors
871 
14,579 
Accruals
875 
875 
Deferred income
351,828 
225,915 
440,083 
289,467 
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PEARSON BARKER REINSTATEMENT LTD Notes to the Accounts for the year ended 31 March 2024
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
98,169 
35,048 
2024 
2023 
£ 
£ 
Provision at start of year
35,048 
1,251 
Charged to the profit and loss account
63,121 
33,797 
Provision at end of year
98,169 
35,048 
A deferred taxation reserve has been created due to accelerated capital allowances of some £98,169 This reserve will reverse in future periods and create a tax liability at the prevailing rate on the day.
8
Provisions for liabilities
£ 
At 1 April 2023
- 
Additional provisions made during the period
75,000 
At 31 March 2024
75,000 
A reserve has been created with regard to rectification work required under the customer contract.
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Capital contribution reserve
An adjustment to the capital contribution reserve has been processed as the business is being supported from the annual profit contributions.
11
Average number of employees
During the year the average number of employees was 7 (2023: 3).
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