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REGISTERED NUMBER: 00857839 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

PEARLAND POWER CONTRACTING LIMITED

PEARLAND POWER CONTRACTING LIMITED (REGISTERED NUMBER: 00857839)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PEARLAND POWER CONTRACTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: J E Hunter





REGISTERED OFFICE: 61 Station Road
Sudbury
Suffolk
CO10 2SP





REGISTERED NUMBER: 00857839 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

PEARLAND POWER CONTRACTING LIMITED (REGISTERED NUMBER: 00857839)

BALANCE SHEET
31 JULY 2024

31.7.23 31.7.24
£    £    Notes £    £   
FIXED ASSETS
175,030 Tangible assets 4 181,486

CURRENT ASSETS
18,063 Stocks 21,393
15,812 Cash at bank 15,608
33,875 37,001
CREDITORS
3,668 Amounts falling due within one year 5 7,542
30,207 NET CURRENT ASSETS 29,459
205,237 TOTAL ASSETS LESS CURRENT
LIABILITIES

210,945

26,787 PROVISIONS FOR LIABILITIES 26,985
178,450 NET ASSETS 183,960

CAPITAL AND RESERVES
1,500 Called up share capital 1,500
143,864 Revaluation reserve 6 143,864
24,300 Capital redemption reserve 24,300
8,786 Retained earnings 14,296
178,450 SHAREHOLDERS' FUNDS 183,960

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PEARLAND POWER CONTRACTING LIMITED (REGISTERED NUMBER: 00857839)

BALANCE SHEET - continued
31 JULY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 October 2024 and were signed by:





J E Hunter - Director


PEARLAND POWER CONTRACTING LIMITED (REGISTERED NUMBER: 00857839)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Pearland Power Contracting Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance
Tools and equipment - 10% on reducing balance

Freehold property is not depreciated as its carrying value within the balance sheet is considered its current market value.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Turnover
Turnover represents the value of rental income invoiced and received during the year.

PEARLAND POWER CONTRACTING LIMITED (REGISTERED NUMBER: 00857839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
Totals property machinery
£    £    £   
COST OR VALUATION
At 1 August 2023 184,834 180,370 3,704
Additions 6,600 - -
At 31 July 2024 191,434 180,370 3,704
DEPRECIATION
At 1 August 2023 9,804 5,370 3,693
Charge for year 144 - 4
At 31 July 2024 9,948 5,370 3,697
NET BOOK VALUE
At 31 July 2024 181,486 175,000 7
At 31 July 2023 175,030 175,000 11

PEARLAND POWER CONTRACTING LIMITED (REGISTERED NUMBER: 00857839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS - continued

Tools and Motor Computer
equipment vehicles equipment
£    £    £   
COST OR VALUATION
At 1 August 2023 760 - -
Additions - 6,000 600
At 31 July 2024 760 6,000 600
DEPRECIATION
At 1 August 2023 741 - -
Charge for year 2 125 13
At 31 July 2024 743 125 13
NET BOOK VALUE
At 31 July 2024 17 5,875 587
At 31 July 2023 19 - -

Cost or valuation at 31 July 2024 is represented by:

Freehold Plant and
Totals property machinery
£    £    £   
Valuation in 2017 105,645 105,645 -
Valuation in 2020 10,000 10,000 -
Valuation in 2021 30,000 30,000 -
Valuation in 2023 25,000 25,000 -
Cost 20,789 9,725 3,704
191,434 180,370 3,704

Tools and Motor Computer
equipment vehicles equipment
£    £    £   




Cost 760 6,000 600
760 6,000 600

Freehold property was valued on an open market basis on 31 July 2024 by the director .

PEARLAND POWER CONTRACTING LIMITED (REGISTERED NUMBER: 00857839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Taxation and social security - 1,529
Other creditors 7,542 2,139
7,542 3,668

6. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 143,864

Included within reserves is a revaluation reserve, which has been created through the process of revaluing the freehold property to its open market value each year. The reserve is also adjusted each year for any deferred tax movements.

In accordance with FRS102, this reserve is a 'non-distributable reserve, and is separately disclosed on the balance sheet.