Company registration number 13724798 (England and Wales)
PEARCE FLOORING & SUPPLIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
30-31 St. James Place
Mangotsfield
Bristol
United Kingdom
BS16 9JB
PEARCE FLOORING & SUPPLIES LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 5
PEARCE FLOORING & SUPPLIES LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr R M Pearce
Mr M J Pearce
Mrs A Pearce
Mr B Pearce
Company number
13724798
Registered office
Unit 1A
Cooper Road
Thornbury
Bristol
South Gloucestershire
BS35 3UP
Accountants
TC Group
30-31 St. James Place
Mangotsfield
Bristol
United Kingdom
BS16 9JB
PEARCE FLOORING & SUPPLIES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 2 -
31 March 2024
30 November 2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
22,082
31,209
Current assets
Debtors
4
30,000
3,807
Cash at bank and in hand
8,663
3,833
38,663
7,640
Creditors: amounts falling due within one year
5
(41,378)
(45,105)
Net current liabilities
(2,715)
(37,465)
Net assets/(liabilities)
19,367
(6,256)
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
19,167
(6,456)
Total equity
19,367
(6,256)
PEARCE FLOORING & SUPPLIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 3 -

For the financial year ended 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 September 2024 and are signed on its behalf by:
Mr R M Pearce
Director
Company registration number 13724798 (England and Wales)
PEARCE FLOORING & SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
1
Accounting policies
Company information

Pearce Flooring & Supplies Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1A, Cooper Road, Thornbury, Bristol, South Gloucestershire, BS35 3UP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
Reducing balance at 25%
Motor vehicles
Reducing balance at 25%
1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2022
Number
Number
Total
-
0
-
0
PEARCE FLOORING & SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022
36,026
Additions
1,915
At 31 March 2024
37,941
Depreciation and impairment
At 1 December 2022
4,817
Depreciation charged in the year
11,042
At 31 March 2024
15,859
Carrying amount
At 31 March 2024
22,082
At 30 November 2022
31,209
4
Debtors
2024
2022
Amounts falling due within one year:
£
£
Other debtors
30,000
3,807
5
Creditors: amounts falling due within one year
2024
2022
£
£
Other creditors
41,378
45,105
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