IRIS Accounts Production v24.2.0.383 12472511 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh124725112023-03-31124725112024-03-31124725112023-04-012024-03-31124725112022-03-31124725112022-04-012023-03-31124725112023-03-3112472511ns15:EnglandWales2023-04-012024-03-3112472511ns14:PoundSterling2023-04-012024-03-3112472511ns10:Director12023-04-012024-03-3112472511ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3112472511ns10:SmallEntities2023-04-012024-03-3112472511ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3112472511ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3112472511ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3112472511ns10:FullAccounts2023-04-012024-03-3112472511ns10:RegisteredOffice2023-04-012024-03-3112472511ns5:CurrentFinancialInstruments2024-03-3112472511ns5:CurrentFinancialInstruments2023-03-3112472511ns5:Non-currentFinancialInstruments2024-03-3112472511ns5:Non-currentFinancialInstruments2023-03-3112472511ns5:ShareCapital2024-03-3112472511ns5:ShareCapital2023-03-3112472511ns5:RetainedEarningsAccumulatedLosses2024-03-3112472511ns5:RetainedEarningsAccumulatedLosses2023-03-3112472511ns5:PlantMachinery2023-04-012024-03-3112472511ns5:PlantMachinery2023-03-3112472511ns5:PlantMachinery2024-03-3112472511ns5:PlantMachinery2023-03-3112472511ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3112472511ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31124725111ns10:Director12023-03-31124725111ns10:Director12022-03-31124725111ns10:Director12023-04-012024-03-31124725111ns10:Director12022-04-012023-03-31124725111ns10:Director12024-03-31124725111ns10:Director12023-03-31
REGISTERED NUMBER: 12472511 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

L Pearce Home Improvements Ltd

L Pearce Home Improvements Ltd (Registered number: 12472511)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L Pearce Home Improvements Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: L Pearce





REGISTERED OFFICE: Hallmark House
Conway Road
Mochdre
Colwyn Bay
Conwy
LL28 5HN





REGISTERED NUMBER: 12472511 (England and Wales)





ACCOUNTANTS: J V Banks
Chartered Accountants
Banks House
Paradise Street
Rhyl
Denbighshire
LL18 3LW

L Pearce Home Improvements Ltd (Registered number: 12472511)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,322 65,406

CURRENT ASSETS
Stocks 12,622 16,040
Debtors 5 124,471 93,641
Cash at bank 15,888 41,157
152,981 150,838
CREDITORS
Amounts falling due within one year 6 174,099 157,439
NET CURRENT LIABILITIES (21,118 ) (6,601 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,204

58,805

CREDITORS
Amounts falling due after more than one
year

7

74,311

89,799
NET LIABILITIES (33,107 ) (30,994 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (33,207 ) (31,094 )
(33,107 ) (30,994 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

L Pearce Home Improvements Ltd (Registered number: 12472511)

Balance Sheet - continued
31 March 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 18 December 2024 and were signed by:





L Pearce - Director


L Pearce Home Improvements Ltd (Registered number: 12472511)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

L Pearce Home Improvements Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

L Pearce Home Improvements Ltd (Registered number: 12472511)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 99,360
Additions 17,691
At 31 March 2024 117,051
DEPRECIATION
At 1 April 2023 33,954
Charge for year 20,775
At 31 March 2024 54,729
NET BOOK VALUE
At 31 March 2024 62,322
At 31 March 2023 65,406

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 51,860 76,648
Other debtors 72,611 16,993
124,471 93,641

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,300 5,300
Hire purchase contracts 9,870 9,870
Payments on account 3,750 3,750
Trade creditors 129,700 115,693
Taxation and social security 22,294 17,853
Other creditors 3,185 4,973
174,099 157,439

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 32,526 37,863
Hire purchase contracts 41,785 51,655
Other creditors - 281
74,311 89,799

L Pearce Home Improvements Ltd (Registered number: 12472511)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,326 16,663

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
L Pearce
Balance outstanding at start of year 12,063 6,415
Amounts advanced 48,359 5,648
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 60,422 12,063