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PEARL AND GROOVE LIMITED

Registered Number
08507593
(England and Wales)

Unaudited Dormant Financial Statements for the Year ended
30 April 2024

PEARL AND GROOVE LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

WHITEFIELD, Serena Diana

Registered Address

Walters Cottage Freshfield Lane
Danehill
Haywards Heath
RH17 7HQ

Registered Number

08507593 (England and Wales)
PEARL AND GROOVE LIMITED
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets32,5002,500
Tangible assets432,30232,302
34,80234,802
Current assets
Debtors7,2377,237
Cash at bank and on hand45,74745,837
52,98453,074
Creditors amounts falling due within one year5(11,983)(11,983)
Net current assets (liabilities)41,00141,091
Total assets less current liabilities75,80375,893
Creditors amounts falling due after one year6(127,848)(127,938)
Net assets(52,045)(52,045)
Capital and reserves
Called up share capital1010
Share premium19,99819,998
Profit and loss account(72,053)(72,053)
Shareholders' funds(52,045)(52,045)
The financial statements were approved and authorised for issue by the Director on 29 January 2025, and are signed on its behalf by:
WHITEFIELD, Serena Diana
Director
Registered Company No. 08507593
PEARL AND GROOVE LIMITED
Notes to the Financial Statements
for the year ended 30 April 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.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortization. Intangible fixed assets amortization: 20% straight-line basis
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:

Reducing balance (%)
Plant and machinery20
Fixtures and fittings20
Office Equipment20
2.Average number of employees

20242023
Average number of employees during the year04
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 May 236,2506,250
At 30 April 246,2506,250
Amortisation and impairment
At 01 May 233,7503,750
At 30 April 243,7503,750
Net book value
At 30 April 242,5002,500
At 30 April 232,5002,500
4.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 May 2363,45613,38076,836
At 30 April 2463,45613,38076,836
Depreciation and impairment
At 01 May 2334,20110,33344,534
At 30 April 2434,20110,33344,534
Net book value
At 30 April 2429,2553,04732,302
At 30 April 2329,2553,04732,302
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security11,68311,683
Accrued liabilities and deferred income300300
Total11,98311,983
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.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts24,54124,541
Amounts owed to related parties83,30783,397
Other creditors20,00020,000
Total127,848127,938