2023-07-012024-03-312024-03-31false04773641J B PEARCE LIMITED2024-12-03falseiso4217:GBPxbrli:pure047736412023-07-01047736412024-03-31047736412023-07-012024-03-31047736412022-07-01047736412023-06-30047736412022-07-012023-06-3004773641bus:SmallEntities2023-07-012024-03-3104773641bus:AuditExempt-NoAccountantsReport2023-07-012024-03-3104773641bus:FullAccounts2023-07-012024-03-3104773641bus:PrivateLimitedCompanyLtd2023-07-012024-03-3104773641core:WithinOneYear2024-03-3104773641core:AfterOneYear2024-03-3104773641core:WithinOneYear2023-06-3004773641core:AfterOneYear2023-06-3004773641core:ShareCapital2024-03-3104773641core:SharePremium2024-03-3104773641core:RevaluationReserve2024-03-3104773641core:OtherReservesSubtotal2024-03-3104773641core:RetainedEarningsAccumulatedLosses2024-03-3104773641core:ShareCapital2023-06-3004773641core:SharePremium2023-06-3004773641core:RevaluationReserve2023-06-3004773641core:OtherReservesSubtotal2023-06-3004773641core:RetainedEarningsAccumulatedLosses2023-06-3004773641core:LandBuildings2024-03-3104773641core:PlantMachinery2024-03-3104773641core:Vehicles2024-03-3104773641core:FurnitureFittings2024-03-3104773641core:OfficeEquipment2024-03-3104773641core:NetGoodwill2024-03-3104773641core:IntangibleAssetsOtherThanGoodwill2024-03-3104773641core:ListedExchangeTraded2024-03-3104773641core:UnlistedNon-exchangeTraded2024-03-3104773641core:LandBuildings2023-06-3004773641core:PlantMachinery2023-06-3004773641core:Vehicles2023-06-3004773641core:FurnitureFittings2023-06-3004773641core:OfficeEquipment2023-06-3004773641core:NetGoodwill2023-06-3004773641core:IntangibleAssetsOtherThanGoodwill2023-06-3004773641core:ListedExchangeTraded2023-06-3004773641core:UnlistedNon-exchangeTraded2023-06-3004773641core:LandBuildings2023-07-012024-03-3104773641core:PlantMachinery2023-07-012024-03-3104773641core:Vehicles2023-07-012024-03-3104773641core:FurnitureFittings2023-07-012024-03-3104773641core:OfficeEquipment2023-07-012024-03-3104773641core:NetGoodwill2023-07-012024-03-3104773641core:IntangibleAssetsOtherThanGoodwill2023-07-012024-03-3104773641core:ListedExchangeTraded2023-07-012024-03-3104773641core:UnlistedNon-exchangeTraded2023-07-012024-03-3104773641core:MoreThanFiveYears2023-07-012024-03-3104773641core:Non-currentFinancialInstruments2024-03-3104773641core:Non-currentFinancialInstruments2023-06-3004773641dpl:CostSales2023-07-012024-03-3104773641dpl:DistributionCosts2023-07-012024-03-3104773641core:LandBuildings2023-07-012024-03-3104773641core:PlantMachinery2023-07-012024-03-3104773641core:Vehicles2023-07-012024-03-3104773641core:FurnitureFittings2023-07-012024-03-3104773641core:OfficeEquipment2023-07-012024-03-3104773641dpl:AdministrativeExpenses2023-07-012024-03-3104773641core:NetGoodwill2023-07-012024-03-3104773641core:IntangibleAssetsOtherThanGoodwill2023-07-012024-03-3104773641dpl:GroupUndertakings2023-07-012024-03-3104773641dpl:ParticipatingInterests2023-07-012024-03-3104773641dpl:GroupUndertakingscore:ListedExchangeTraded2023-07-012024-03-3104773641core:ListedExchangeTraded2023-07-012024-03-3104773641dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-07-012024-03-3104773641core:UnlistedNon-exchangeTraded2023-07-012024-03-3104773641dpl:CostSales2022-07-012023-06-3004773641dpl:DistributionCosts2022-07-012023-06-3004773641core:LandBuildings2022-07-012023-06-3004773641core:PlantMachinery2022-07-012023-06-3004773641core:Vehicles2022-07-012023-06-3004773641core:FurnitureFittings2022-07-012023-06-3004773641core:OfficeEquipment2022-07-012023-06-3004773641dpl:AdministrativeExpenses2022-07-012023-06-3004773641core:NetGoodwill2022-07-012023-06-3004773641core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3004773641dpl:GroupUndertakings2022-07-012023-06-3004773641dpl:ParticipatingInterests2022-07-012023-06-3004773641dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3004773641core:ListedExchangeTraded2022-07-012023-06-3004773641dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3004773641core:UnlistedNon-exchangeTraded2022-07-012023-06-3004773641core:NetGoodwill2024-03-3104773641core:IntangibleAssetsOtherThanGoodwill2024-03-3104773641core:LandBuildings2024-03-3104773641core:PlantMachinery2024-03-3104773641core:Vehicles2024-03-3104773641core:FurnitureFittings2024-03-3104773641core:OfficeEquipment2024-03-3104773641core:AfterOneYear2024-03-3104773641core:WithinOneYear2024-03-3104773641core:ListedExchangeTraded2024-03-3104773641core:UnlistedNon-exchangeTraded2024-03-3104773641core:ShareCapital2024-03-3104773641core:SharePremium2024-03-3104773641core:RevaluationReserve2024-03-3104773641core:OtherReservesSubtotal2024-03-3104773641core:RetainedEarningsAccumulatedLosses2024-03-3104773641core:NetGoodwill2023-06-3004773641core:IntangibleAssetsOtherThanGoodwill2023-06-3004773641core:LandBuildings2023-06-3004773641core:PlantMachinery2023-06-3004773641core:Vehicles2023-06-3004773641core:FurnitureFittings2023-06-3004773641core:OfficeEquipment2023-06-3004773641core:AfterOneYear2023-06-3004773641core:WithinOneYear2023-06-3004773641core:ListedExchangeTraded2023-06-3004773641core:UnlistedNon-exchangeTraded2023-06-3004773641core:ShareCapital2023-06-3004773641core:SharePremium2023-06-3004773641core:RevaluationReserve2023-06-3004773641core:OtherReservesSubtotal2023-06-3004773641core:RetainedEarningsAccumulatedLosses2023-06-3004773641core:NetGoodwill2022-07-0104773641core:IntangibleAssetsOtherThanGoodwill2022-07-0104773641core:LandBuildings2022-07-0104773641core:PlantMachinery2022-07-0104773641core:Vehicles2022-07-0104773641core:FurnitureFittings2022-07-0104773641core:OfficeEquipment2022-07-0104773641core:AfterOneYear2022-07-0104773641core:WithinOneYear2022-07-0104773641core:ListedExchangeTraded2022-07-0104773641core:UnlistedNon-exchangeTraded2022-07-0104773641core:ShareCapital2022-07-0104773641core:SharePremium2022-07-0104773641core:RevaluationReserve2022-07-0104773641core:OtherReservesSubtotal2022-07-0104773641core:RetainedEarningsAccumulatedLosses2022-07-0104773641core:AfterOneYear2023-07-012024-03-3104773641core:WithinOneYear2023-07-012024-03-3104773641core:Non-currentFinancialInstrumentscore:CostValuation2023-07-012024-03-3104773641core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-012024-03-3104773641core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-012024-03-3104773641core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-012024-03-3104773641core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-012024-03-3104773641core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-012024-03-3104773641core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-012024-03-3104773641core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-012024-03-3104773641core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-012024-03-3104773641core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3104773641core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3104773641core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3104773641core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3104773641core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3104773641core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3104773641core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3104773641core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3104773641core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3104773641core:Non-currentFinancialInstrumentscore:CostValuation2023-06-3004773641core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-3004773641core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-3004773641core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-3004773641core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-3004773641core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-3004773641core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-3004773641core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-3004773641core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-3004773641bus:Director12023-07-012024-03-3104773641core:OtherMiscellaneousReserve2023-06-3004773641core:OtherMiscellaneousReserve2024-03-31

J B PEARCE LIMITED

Registered Number
04773641
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2024

J B PEARCE LIMITED
Company Information
for the period from 1 July 2023 to 31 March 2024

Director

PEARCE, John Michael

Registered Address

34 Boulevard
Weston-Super-Mare
BS23 1NF

Registered Number

04773641 (England and Wales)
J B PEARCE LIMITED
Balance Sheet as at
31 March 2024

Notes

31 Mar 2024

30 Jun 2023

£

£

£

£

Fixed assets
Tangible assets3706,025726,435
Investment property4980,000980,000
1,686,0251,706,435
Current assets
Debtors43,72651,041
Cash at bank and on hand1,238,335949,195
1,282,0611,000,236
Creditors amounts falling due within one year5(662,228)(585,988)
Net current assets (liabilities)619,833414,248
Total assets less current liabilities2,305,8582,120,683
Provisions for liabilities(72,011)(96,727)
Net assets2,233,8472,023,956
Capital and reserves
Called up share capital670670
Profit and loss account2,233,1772,023,286
Shareholders' funds62,233,8472,023,956
The financial statements were approved and authorised for issue by the Director on 3 December 2024, and are signed on its behalf by:
PEARCE, John Michael
Director
Registered Company No. 04773641
J B PEARCE LIMITED
Notes to the Financial Statements
for the period ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises the fair value of the consideration received or receivable for the provision of services and rental accommodation in the ordinary course of the company’s activities.
Revenue from sale of goods
The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Freehold property:2% on cost (includes land of £650,000 which is not depreciated) Improvements to property: 10% on cost
Investment property
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 01 July 23727,0716,13145,9407,436786,578
Disposals(12,280)--(1,910)(14,190)
At 31 March 24714,7916,13145,9405,526772,388
Depreciation and impairment
At 01 July 2322,2654,51329,2664,09960,143
Charge for year4,2381823,1263157,861
On disposals(274)--(1,367)(1,641)
At 31 March 2426,2294,69532,3923,04766,363
Net book value
At 31 March 24688,5621,43613,5482,479706,025
At 30 June 23704,8061,61816,6743,337726,435
4.Investment property

£
Fair value at 01 July 23980,000
At 31 March 24980,000
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,4873,129
Taxation and social security208,754139,438
Finance lease and HP contracts18,02520,157
Other creditors424,755417,019
Accrued liabilities and deferred income9,2076,245
Total662,228585,988
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Fair value reserve

£
Fair value reserve at 01 July 23286,339
At 31 March 24286,339