Company Registration No. 12437598 (England and Wales)
Pearson Holding (Hull) Limited
Unaudited accounts
for the year ended 30 June 2024
Pearson Holding (Hull) Limited
Unaudited accounts
Contents
Pearson Holding (Hull) Limited
Company Information
for the year ended 30 June 2024
Directors
Mr E F Pearson
Mr O W Pearson
Company Number
12437598 (England and Wales)
Registered Office
Brooklands House
58 Springfield Way
Anlaby
East Yorkshire
HU10 6RJ
England
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Pearson Holding (Hull) Limited
Statement of financial position
as at 30 June 2024
Inventories
310,000
334,692
Cash at bank and in hand
5,485
167
Creditors: amounts falling due within one year
(465,487)
(472,054)
Net current assets
23,693
30,058
Total assets less current liabilities
23,693
30,058
Creditors: amounts falling due after more than one year
(11,639)
(18,118)
Called up share capital
100
100
Profit and loss account
11,954
11,840
Shareholders' funds
12,054
11,940
For the year ending 30 June 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by
Mr E F Pearson
Director
Company Registration No. 12437598
Pearson Holding (Hull) Limited
Notes to the Accounts
for the year ended 30 June 2024
Pearson Holding (Hull) Limited is a private company, limited by shares, registered in England and Wales, registration number 12437598. The registered office is Brooklands House, 58 Springfield Way, Anlaby, East Yorkshire, HU10 6RJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Amounts falling due within one year
Amounts due from group undertakings etc.
173,695
167,253
Pearson Holding (Hull) Limited
Notes to the Accounts
for the year ended 30 June 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,479
6,479
Loans from directors
459,008
452,566
6
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
At 30th June 2023 Grayson Developments (Hull) limited owed Pearson Holding (Hull) Limited £145,471 (2022 £172,800)
At 30th June 2023 Pearson Holding (Hull) Limited owed Wardolls Limited £21,783 (2022 £5,699)
This sum is repayable on demand and interest free
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).