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REGISTERED NUMBER: 03789884 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

PEARSON GARDEN SUPPLIES LIMITED

PEARSON GARDEN SUPPLIES LIMITED (REGISTERED NUMBER: 03789884)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PEARSON GARDEN SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Keith John Pearson
Jeanette Pearson





REGISTERED OFFICE: Loxley Nurseries
Long Lane
Loxley
Sheffield
South Yorkshire
S6 6RL





REGISTERED NUMBER: 03789884 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
16 Omega Business Village
Thurston Road
Northallerton
North Yorkshire
DL6 2NJ

PEARSON GARDEN SUPPLIES LIMITED (REGISTERED NUMBER: 03789884)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 359,929 338,607
359,929 338,607

CURRENT ASSETS
Stocks 33,250 103,000
Debtors 5 4,953 4,462
Cash at bank and in hand 1,203,992 1,005,743
1,242,195 1,113,205
CREDITORS
Amounts falling due within one year 6 137,903 77,860
NET CURRENT ASSETS 1,104,292 1,035,345
TOTAL ASSETS LESS CURRENT LIABILITIES 1,464,221 1,373,952

PROVISIONS FOR LIABILITIES 52,257 50,700
NET ASSETS 1,411,964 1,323,252

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 1,411,864 1,323,152
1,411,964 1,323,252

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

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

PEARSON GARDEN SUPPLIES LIMITED (REGISTERED NUMBER: 03789884)

BALANCE SHEET - continued
31 OCTOBER 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 Profit and Loss Account has not been delivered.

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




Keith John Pearson - Director



Jeanette Pearson - Director


PEARSON GARDEN SUPPLIES LIMITED (REGISTERED NUMBER: 03789884)

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

1. 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 has been amortised evenly over its estimated useful life of 10 years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer Equipment - 20% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

INCOME RECOGNITION
Income is recognised when goods have been delivered to customers such that the risks and rewards
of ownership have transferred to them.

PEARSON GARDEN SUPPLIES LIMITED (REGISTERED NUMBER: 03789884)

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

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 16 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 22,000
AMORTISATION
At 1 November 2023
and 31 October 2024 22,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 265,347 536,537 117,831 13,072 932,787
Additions 18,659 - 37,500 2,573 58,732
Disposals - - (14,250 ) - (14,250 )
At 31 October 2024 284,006 536,537 141,081 15,645 977,269
DEPRECIATION
At 1 November 2023 44,764 461,680 75,944 11,792 594,180
Charge for year 4,638 14,971 15,493 518 35,620
Eliminated on disposal - - (12,460 ) - (12,460 )
At 31 October 2024 49,402 476,651 78,977 12,310 617,340
NET BOOK VALUE
At 31 October 2024 234,604 59,886 62,104 3,335 359,929
At 31 October 2023 220,583 74,857 41,887 1,280 338,607

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by related party - 247
Other debtors 4,953 4,215
4,953 4,462

PEARSON GARDEN SUPPLIES LIMITED (REGISTERED NUMBER: 03789884)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 39,065 44,400
Other creditors 98,838 33,460
137,903 77,860

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year to 31 October 2024, the company made advances to the directors totalling £121,713 (2023: £124,488). These were interest free and repayable on demand.
The company received repayments totalling £188,208 (2023: £116,708).

8. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the company in an independently administered fund. The pension cost
represents contributions payable by the company to the fund and amounted to £2,116 (2023:
£3,361).
Contributions totalling £nil (2023: £nil) were payable to the fund at the year end and are included
in creditors.

9. OTHER DISCLOSURES

National Westminster Bank PLC holds a fixed charge for the benefit of all covenants and rights concerning the property and plant machinery fixtures fittings furniture equipment implements and utensils the goodwill of any business carried on at the property and the proceeds of any insurance affecting the property or assets.