IRIS Accounts Production v25.1.0.734 04259037 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false false true false Ordinary 'C' 1.00000 Ordinary 'D' 1.00000 Ordinary 'E' 1.00000 Ordinary 'A' 1.00000 Ordinary 'B' 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042590372023-08-31042590372024-08-31042590372023-09-012024-08-31042590372022-08-31042590372022-09-012023-08-31042590372023-08-3104259037ns15:EnglandWales2023-09-012024-08-3104259037ns14:PoundSterling2023-09-012024-08-3104259037ns10:Director12023-09-012024-08-3104259037ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3104259037ns10:SmallEntities2023-09-012024-08-3104259037ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3104259037ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3104259037ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3104259037ns10:FullAccounts2023-09-012024-08-310425903712023-09-012024-08-3104259037ns10:OrdinaryShareClass32023-09-012024-08-3104259037ns10:OrdinaryShareClass42023-09-012024-08-3104259037ns10:OrdinaryShareClass52023-09-012024-08-3104259037ns10:OrdinaryShareClass12023-09-012024-08-3104259037ns10:OrdinaryShareClass22023-09-012024-08-3104259037ns10:Director32023-09-012024-08-3104259037ns10:Director42023-09-012024-08-3104259037ns10:Director52023-09-012024-08-3104259037ns10:Director62023-09-012024-08-3104259037ns10:CompanySecretary12023-09-012024-08-3104259037ns10:RegisteredOffice2023-09-012024-08-3104259037ns5:CurrentFinancialInstruments2024-08-3104259037ns5:CurrentFinancialInstruments2023-08-3104259037ns5:ShareCapital2024-08-3104259037ns5:ShareCapital2023-08-3104259037ns5:RetainedEarningsAccumulatedLosses2024-08-3104259037ns5:RetainedEarningsAccumulatedLosses2023-08-3104259037ns5:NetGoodwill2023-09-012024-08-3104259037ns5:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3104259037ns5:PlantMachinery2023-09-012024-08-3104259037ns5:MotorVehicles2023-09-012024-08-3104259037ns5:ComputerEquipment2023-09-012024-08-3104259037ns5:NetGoodwill2023-08-3104259037ns5:NetGoodwill2024-08-3104259037ns5:NetGoodwill2023-08-3104259037ns5:LeaseholdImprovements2023-08-3104259037ns5:PlantMachinery2023-08-3104259037ns5:MotorVehicles2023-08-3104259037ns5:ComputerEquipment2023-08-3104259037ns5:LeaseholdImprovements2023-09-012024-08-3104259037ns5:LeaseholdImprovements2024-08-3104259037ns5:PlantMachinery2024-08-3104259037ns5:MotorVehicles2024-08-3104259037ns5:ComputerEquipment2024-08-3104259037ns5:LeaseholdImprovements2023-08-3104259037ns5:PlantMachinery2023-08-3104259037ns5:MotorVehicles2023-08-3104259037ns5:ComputerEquipment2023-08-3104259037ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3104259037ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3104259037ns5:DeferredTaxation2023-08-3104259037ns5:DeferredTaxation2023-09-012024-08-3104259037ns5:DeferredTaxation2024-08-3104259037ns10:OrdinaryShareClass32024-08-3104259037ns10:OrdinaryShareClass42024-08-3104259037ns10:OrdinaryShareClass52024-08-3104259037ns10:OrdinaryShareClass12024-08-3104259037ns10:OrdinaryShareClass22024-08-3104259037ns10:Director22023-09-012024-08-3104259037ns10:Director222023-08-3104259037ns10:Director222022-08-3104259037ns10:Director222023-09-012024-08-3104259037ns10:Director222022-09-012023-08-3104259037ns10:Director222024-08-3104259037ns10:Director222023-08-31042590371ns10:Director12023-08-31042590371ns10:Director12022-08-31042590371ns10:Director12023-09-012024-08-31042590371ns10:Director12022-09-012023-08-31042590371ns10:Director12024-08-31042590371ns10:Director12023-08-31042590374ns10:Director42023-08-31042590374ns10:Director42022-08-31042590374ns10:Director42023-09-012024-08-31042590374ns10:Director42022-09-012023-08-31042590374ns10:Director42024-08-31042590374ns10:Director42023-08-3104259037ns10:Director552023-08-3104259037ns10:Director552022-08-3104259037ns10:Director552023-09-012024-08-3104259037ns10:Director552022-09-012023-08-3104259037ns10:Director552024-08-3104259037ns10:Director552023-08-31042590376ns10:Director62023-08-31042590376ns10:Director62022-08-31042590376ns10:Director62023-09-012024-08-31042590376ns10:Director62022-09-012023-08-31042590376ns10:Director62024-08-31042590376ns10:Director62023-08-31042590373ns10:Director32023-08-31042590373ns10:Director32022-08-31042590373ns10:Director32023-09-012024-08-31042590373ns10:Director32022-09-012023-08-31042590373ns10:Director32024-08-31042590373ns10:Director32023-08-31
REGISTERED NUMBER: 04259037 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

B.G. PEARCE LIMITED

B.G. PEARCE LIMITED (REGISTERED NUMBER: 04259037)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B.G. PEARCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mrs H Pearce
Mr T Pearce
Mr P Pearce
Mrs A J Pearce
Mrs P Pearce





SECRETARY: Mr T Pearce





REGISTERED OFFICE: Woodlands
Cheriton Bishop
Exeter
Devon
EX6 6HH





REGISTERED NUMBER: 04259037 (England and Wales)





ACCOUNTANTS: Pugsley Revill
18 High West Street
Dorchester
Dorset
DT1 1UW

B.G. PEARCE LIMITED (REGISTERED NUMBER: 04259037)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,137,165 2,230,114
3,137,165 2,230,114

CURRENT ASSETS
Stocks 86,480 1,475
Debtors 6 607,393 688,667
Cash at bank and in hand 52,350 221,793
746,223 911,935
CREDITORS
Amounts falling due within one year 7 387,983 159,724
NET CURRENT ASSETS 358,240 752,211
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,495,405

2,982,325

PROVISIONS FOR LIABILITIES 8 589,829 440,458
NET ASSETS 2,905,576 2,541,867

CAPITAL AND RESERVES
Called up share capital 9 3,224 3,224
Retained earnings 2,902,352 2,538,643
SHAREHOLDERS' FUNDS 2,905,576 2,541,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

B.G. PEARCE LIMITED (REGISTERED NUMBER: 04259037)

BALANCE SHEET - continued
31 AUGUST 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





Mrs H Pearce - Director


B.G. PEARCE LIMITED (REGISTERED NUMBER: 04259037)

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

1. STATUTORY INFORMATION

B.G. Pearce 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Fixtures , fittings and equipment - 25% on reducing balance

Stocks
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 items. Cost includes all direct costs and an appropriate
proportion of fixed and variable overheads and in the case of work in progress a proportion of attributable
profit.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


B.G. PEARCE LIMITED (REGISTERED NUMBER: 04259037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 260,000
AMORTISATION
At 1 September 2023
and 31 August 2024 260,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

B.G. PEARCE LIMITED (REGISTERED NUMBER: 04259037)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Improvements , fittings
to Plant and Motor and
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 161,044 871,855 1,934,265 170,960 3,138,124
Additions - 741,933 1,815,837 3,389 2,561,159
Disposals - (227,600 ) (1,115,527 ) - (1,343,127 )
At 31 August 2024 161,044 1,386,188 2,634,575 174,349 4,356,156
DEPRECIATION
At 1 September 2023 - 296,818 469,466 141,726 908,010
Charge for year - 177,040 377,501 8,156 562,697
Eliminated on disposal - (67,850 ) (183,866 ) - (251,716 )
At 31 August 2024 - 406,008 663,101 149,882 1,218,991
NET BOOK VALUE
At 31 August 2024 161,044 980,180 1,971,474 24,467 3,137,165
At 31 August 2023 161,044 575,037 1,464,799 29,234 2,230,114

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 546,073 532,974
Other debtors - 2,502
Directors' current accounts - 147,858
Corporation tax 20,002 -
VAT 35,158 -
Prepayments 6,160 5,333
607,393 688,667

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 305,952 109,092
Corporation tax - 20,002
VAT - 8,002
Other creditors 19,644 18,721
Directors' current accounts 58,285 -
Accrued expenses 4,102 3,907
387,983 159,724

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 589,829 440,458

B.G. PEARCE LIMITED (REGISTERED NUMBER: 04259037)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2023 440,458
Provided during year 149,371
Balance at 31 August 2024 589,829

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 'C' £1 1 1
1 Ordinary 'D' £1 1 1
1 Ordinary 'E' £1 1 1
1 Ordinary 'F' £1 1 1
4 4

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
1,200 Share capital 1 £1 1,200 1,200
1,020 Share capital 2 £1 1,020 1,020
1,000 Share capital 7 £1 1,000 1,000
3,220 3,220

Ordinary 'B' to 'G' shares are non voting shares.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Mr B G Pearce
Balance outstanding at start of year 24,643 -
Amounts advanced 5,422 58,523
Amounts repaid (30,065 ) (33,880 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 24,643

B.G. PEARCE LIMITED (REGISTERED NUMBER: 04259037)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs H Pearce
Balance outstanding at start of year 24,643 -
Amounts advanced 5,422 58,523
Amounts repaid (30,065 ) (33,880 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 24,643

Mr P Pearce
Balance outstanding at start of year 24,643 -
Amounts advanced 5,422 58,523
Amounts repaid (30,065 ) (33,880 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 24,643

Mrs A J Pearce
Balance outstanding at start of year 24,643 -
Amounts advanced 5,422 58,523
Amounts repaid (30,065 ) (33,880 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 24,643

Mrs P Pearce
Balance outstanding at start of year 24,643 -
Amounts advanced 5,422 58,523
Amounts repaid (30,065 ) (33,880 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 24,643

Mr T Pearce
Balance outstanding at start of year 24,643 -
Amounts advanced 5,422 58,523
Amounts repaid (30,065 ) (33,880 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 24,643

Interest has been charged on the directors' loan accounts at the official rates of 2.00% and 2.25%