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Pearl Mai Ltd
Registered Number:14093877
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2024
Pearl Mai Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
14093877
As at 31 May 2024
Pearl Mai Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
743
991
2
743
991
Current assets
Inventories
-
16,656
3
16,085
Cash and cash equivalents
4,636
21,292
16,085
Trade and other payables: amounts falling due within one year
(5,928)
(5,474)
4
10,157
15,818
Net current assets
Total assets less current liabilities
16,561
11,148
(141)
(188)
Provisions for liabilities
16,420
Net assets
10,960
Capital and reserves
Called up share capital
1
1
Retained earnings
16,419
10,959
16,420
10,960
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Miss Maisie Ross-Jessop Director
These financial statements were approved and authorised for issue by the Board on 20 February 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 May 2024
Pearl Mai Ltd
Notes to the Financial Statements
Statutory Information
Pearl Mai Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
14093877.
Registered address:
104 Ardgowan Road
London
SE6 1UU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act
2006. The financial statements have been prepared under the historical costs convention as modified by the revaluation
of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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5
For the year ended 31 May 2024
Pearl Mai Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Plant and
Machinery
£
Cost or valuation
At 01 June 2023
1,322
At 31 May 2024
1,322
Provision for depreciation and impairment
At 01 June 2023
331
Charge for year
248
At 31 May 2024
579
At 31 May 2024
Net book value
743
At 31 May 2023
991
3. Inventories
2023
2024
£
£
Stocks
16,656
-
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
3,674
4,728
Other creditors
1,800
1,200
5,474
5,928
5. Average number of persons employed
During the year the average number of employees was 1 (2023 : 2)
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