Company Registration No. 09826106 (England and Wales)
Pearson Nurseries Limited
Unaudited accounts
for the year ended 31 October 2023
Pearson Nurseries Limited
Unaudited accounts
Contents
Pearson Nurseries Limited
Statement of financial position
as at 31 October 2023
Intangible assets
219,375
235,625
Tangible assets
890,290
890,290
Cash at bank and in hand
168,061
138,890
Creditors: amounts falling due within one year
(370,779)
(379,776)
Net current liabilities
(197,964)
(237,253)
Total assets less current liabilities
911,701
888,662
Creditors: amounts falling due after more than one year
(565,921)
(579,380)
Net assets
345,780
309,282
Called up share capital
100
100
Profit and loss account
345,680
309,182
Shareholders' funds
345,780
309,282
For the year ending 31 October 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 director acknowledges her 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 and authorised for issue on 26 September 2024 and were signed on its behalf by
Daniela Severino
Director
Company Registration No. 09826106
Pearson Nurseries Limited
Notes to the Accounts
for the year ended 31 October 2023
Pearson Nurseries Limited is a private company, limited by shares, registered in England and Wales, registration number 09826106. The registered office is 69 CHARLTON ROAD, LONDON, SE3 8TH, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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% Straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
4
Intangible fixed assets
Other
At 1 November 2022
325,000
At 31 October 2023
325,000
Charge for the year
16,250
At 31 October 2023
105,625
At 31 October 2023
219,375
At 31 October 2022
235,625
Pearson Nurseries Limited
Notes to the Accounts
for the year ended 31 October 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 November 2022
890,290
24,870
915,160
At 31 October 2023
890,290
24,870
915,160
At 1 November 2022
-
24,870
24,870
At 31 October 2023
-
24,870
24,870
At 31 October 2023
890,290
-
890,290
At 31 October 2022
890,290
-
890,290
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
14,449
15,497
Taxes and social security
13,240
20,127
Loans from directors
331,077
336,118
Deferred income
10,792
7,401
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Creditors: amounts falling due after more than one year
2023
2022
Bank loans
565,921
579,380
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Average number of employees
During the year the average number of employees was 14 (2022: 14).