Acorah Software Products - Accounts Production 16.1.200 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 04712246 Mr A Davies Mrs J Davies Mrs N J Treasure Mr P Treasure Mrs N J Treasure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04712246 2023-05-31 04712246 2024-05-31 04712246 2023-06-01 2024-05-31 04712246 frs-core:CurrentFinancialInstruments 2024-05-31 04712246 frs-core:Non-currentFinancialInstruments 2024-05-31 04712246 frs-core:NetGoodwill 2024-05-31 04712246 frs-core:NetGoodwill 2023-06-01 2024-05-31 04712246 frs-core:NetGoodwill 2023-05-31 04712246 frs-core:PlantMachinery 2024-05-31 04712246 frs-core:PlantMachinery 2023-06-01 2024-05-31 04712246 frs-core:PlantMachinery 2023-05-31 04712246 frs-core:ShareCapital 2024-05-31 04712246 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 04712246 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04712246 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 04712246 frs-bus:SmallEntities 2023-06-01 2024-05-31 04712246 frs-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 04712246 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 04712246 frs-bus:Director1 2023-06-01 2024-05-31 04712246 frs-bus:Director2 2023-06-01 2024-05-31 04712246 frs-bus:Director3 2023-06-01 2024-05-31 04712246 frs-bus:Director4 2023-06-01 2024-05-31 04712246 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 04712246 frs-countries:EnglandWales 2023-06-01 2024-05-31 04712246 2022-05-31 04712246 2023-05-31 04712246 2022-06-01 2023-05-31 04712246 frs-core:CurrentFinancialInstruments 2023-05-31 04712246 frs-core:Non-currentFinancialInstruments 2023-05-31 04712246 frs-core:ShareCapital 2023-05-31 04712246 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 04712246
Pearson And Daughters Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Robert Cole & Co
Chartered Certified Accountants
Office 2 Llynfi Enterprise Centre
Heol Ty Gwyn Industrial Estate
Maesteg
CF34 0BQ
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Pearson And Daughters Limited For The Year Ended 31 May 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Pearson And Daughters Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Pearson And Daughters Limited , as a body, in accordance with the terms of our engagement letter dated 17 March 2023. Our work has been undertaken solely to prepare for your approval the accounts of Pearson And Daughters Limited and state those matters that we have agreed to state to the directors of Pearson And Daughters Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pearson And Daughters Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Pearson And Daughters Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Pearson And Daughters Limited . You consider that Pearson And Daughters Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Pearson And Daughters Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
10 January 2025
Robert Cole & Co
Chartered Certified Accountants
Office 2 Llynfi Enterprise Centre
Heol Ty Gwyn Industrial Estate
Maesteg
CF34 0BQ
Page 1
Page 2
Balance Sheet
Registered number: 04712246
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,174 5,374
4,174 5,374
CURRENT ASSETS
Stocks 3,500 3,500
Debtors 6 150 150
Cash at bank and in hand 2,814 1,647
6,464 5,297
Creditors: Amounts Falling Due Within One Year 7 (8,179 ) (3,031 )
NET CURRENT ASSETS (LIABILITIES) (1,715 ) 2,266
TOTAL ASSETS LESS CURRENT LIABILITIES 2,459 7,640
Creditors: Amounts Falling Due After More Than One Year 8 - (3,847 )
NET ASSETS 2,459 3,793
CAPITAL AND RESERVES
Allotted, called up and fully paid share capital 100 100
Profit and Loss Account 2,359 3,693
SHAREHOLDERS' FUNDS 2,459 3,793
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Page 3
For the year ending 31 May 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs N J Treasure
Director
10 January 2025
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Pearson And Daughters Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04712246 . The registered office is Garthowen, 71a Neath Road, Maesteg, Mid Glamorgan, CF34 9PL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are presented in Sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern and the company ceased trading on 31 May 2024.
2.3. Significant judgements and estimations
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
No significant judgements have had to be made by the directors in preparing these financial statements other than with regard to going concern above.
2.4. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.5. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 25 years.
2.6. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% straight line
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2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.8. Financial Instruments
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
2.9. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 12)
12 12
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4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 30,800
As at 31 May 2024 30,800
Amortisation
As at 1 June 2023 25,426
Provided during the period 1,200
As at 31 May 2024 26,626
Net Book Value
As at 31 May 2024 4,174
As at 1 June 2023 5,374
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 June 2023 7,687
As at 31 May 2024 7,687
Depreciation
As at 1 June 2023 7,687
As at 31 May 2024 7,687
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 -
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 150 150
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 4,042 1,948
Other creditors 4,137 1,083
8,179 3,031
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 3,847
Page 7