IRIS Accounts Production v24.3.2.46 04749507 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false Ordinary 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047495072023-07-31047495072024-07-31047495072023-08-012024-07-31047495072022-07-31047495072022-08-012023-07-31047495072023-07-3104749507ns15:EnglandWales2023-08-012024-07-3104749507ns14:PoundSterling2023-08-012024-07-3104749507ns10:Director12023-08-012024-07-3104749507ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3104749507ns10:SmallEntities2023-08-012024-07-3104749507ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3104749507ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3104749507ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3104749507ns10:FullAccounts2023-08-012024-07-3104749507ns10:OrdinaryShareClass12023-08-012024-07-3104749507ns10:Director22023-08-012024-07-3104749507ns10:CompanySecretary12023-08-012024-07-3104749507ns10:RegisteredOffice2023-08-012024-07-3104749507ns5:CurrentFinancialInstruments2024-07-3104749507ns5:CurrentFinancialInstruments2023-07-3104749507ns5:ShareCapital2024-07-3104749507ns5:ShareCapital2023-07-3104749507ns5:RetainedEarningsAccumulatedLosses2024-07-3104749507ns5:RetainedEarningsAccumulatedLosses2023-07-3104749507ns5:LongLeaseholdAssetsns5:LandBuildings2023-08-012024-07-3104749507ns5:PlantMachinery2023-08-012024-07-3104749507ns5:FurnitureFittings2023-08-012024-07-3104749507ns5:MotorVehicles2023-08-012024-07-3104749507ns5:LongLeaseholdAssetsns5:LandBuildings2023-07-3104749507ns5:PlantMachinery2023-07-3104749507ns5:FurnitureFittings2023-07-3104749507ns5:MotorVehicles2023-07-3104749507ns5:LongLeaseholdAssetsns5:LandBuildings2024-07-3104749507ns5:PlantMachinery2024-07-3104749507ns5:FurnitureFittings2024-07-3104749507ns5:MotorVehicles2024-07-3104749507ns5:LongLeaseholdAssetsns5:LandBuildings2023-07-3104749507ns5:PlantMachinery2023-07-3104749507ns5:FurnitureFittings2023-07-3104749507ns5:MotorVehicles2023-07-3104749507ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3104749507ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3104749507ns10:OrdinaryShareClass12024-07-31
REGISTERED NUMBER: 04749507 (England and Wales)





















PEARSONS ENGINEERING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






PEARSONS ENGINEERING LIMITED (REGISTERED NUMBER: 04749507)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


PEARSONS ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: G W Pearson
Mrs T Pearson





SECRETARY: Mrs T Pearson





REGISTERED OFFICE: 22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ





REGISTERED NUMBER: 04749507 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

PEARSONS ENGINEERING LIMITED (REGISTERED NUMBER: 04749507)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,724 45,632

CURRENT ASSETS
Stocks 1,542,808 1,466,746
Debtors 5 123,012 139,594
Cash at bank 34,717 77,860
1,700,537 1,684,200
CREDITORS
Amounts falling due within one year 6 457,597 453,876
NET CURRENT ASSETS 1,242,940 1,230,324
TOTAL ASSETS LESS CURRENT LIABILITIES 1,276,664 1,275,956

PROVISIONS FOR LIABILITIES 7,107 10,691
NET ASSETS 1,269,557 1,265,265

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 1,269,457 1,265,165
SHAREHOLDERS' FUNDS 1,269,557 1,265,265

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 directors acknowledge their 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.

PEARSONS ENGINEERING LIMITED (REGISTERED NUMBER: 04749507)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2024 and were signed on its behalf by:





G W Pearson - Director


PEARSONS ENGINEERING LIMITED (REGISTERED NUMBER: 04749507)

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


1. STATUTORY INFORMATION

Pearsons Engineering 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.

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

Revenue is recognised upon completion of the projects undertaken.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold Improvements - Straight line over 10 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


PEARSONS ENGINEERING LIMITED (REGISTERED NUMBER: 04749507)

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


2. ACCOUNTING POLICIES - continued
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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Motor
Improvements machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2023
and 31 July 2024 183,434 200,370 10,727 147,880 542,411
DEPRECIATION
At 1 August 2023 182,776 170,378 7,741 135,884 496,779
Charge for year 552 7,498 859 2,999 11,908
At 31 July 2024 183,328 177,876 8,600 138,883 508,687
NET BOOK VALUE
At 31 July 2024 106 22,494 2,127 8,997 33,724
At 31 July 2023 658 29,992 2,986 11,996 45,632

PEARSONS ENGINEERING LIMITED (REGISTERED NUMBER: 04749507)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 96,474 83,349
Tax 17,401 47,534
Prepayments 9,137 8,711
123,012 139,594

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 223,913 210,248
Social security and other taxes 5,018 8,880
VAT 5,792 20,884
Other creditors 13,505 5,660
Directors' current accounts 201,687 198,925
Accrued expenses 7,682 9,279
457,597 453,876

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100