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REGISTERED NUMBER: 09764747 (England and Wales)















Financial Statements For The Period 30 October 2022 to 28 October 2023

for

Pearl Site Services Limited

Pearl Site Services Limited (Registered number: 09764747)






Contents of the Financial Statements
For The Period 30 October 2022 to 28 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pearl Site Services Limited

Company Information
For The Period 30 October 2022 to 28 October 2023







DIRECTORS: L Hynes
R Davies





REGISTERED OFFICE: 1 Pearl Way
Liverpool
Merseyside
L6 5ND





REGISTERED NUMBER: 09764747 (England and Wales)






Pearl Site Services Limited (Registered number: 09764747)

Balance Sheet
28 October 2023

28.10.23 29.10.22
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 537 671

CURRENT ASSETS
Debtors 5 151,099 158,730
Cash at bank and in hand 5 63,479
151,104 222,209
CREDITORS
Amounts falling due within one year 6 102,500 199,481
NET CURRENT ASSETS 48,604 22,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,141

23,399

CREDITORS
Amounts falling due after more than one year 7 (13,066 ) (23,066 )

PROVISIONS FOR LIABILITIES (102 ) (127 )
NET ASSETS 35,973 206

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 35,873 106
35,973 206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 October 2023 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.

Pearl Site Services Limited (Registered number: 09764747)

Balance Sheet - continued
28 October 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by:





L Hynes - Director


Pearl Site Services Limited (Registered number: 09764747)

Notes to the Financial Statements
For The Period 30 October 2022 to 28 October 2023

1. STATUTORY INFORMATION

Pearl Site Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

As with most businesses we have been impacted by Covid-19. This has had an impact on our operations, customers and staff. We have utilised the grants and benefits available from the Government and are taking all the steps we can to protect the future of our business. Although the total impact is still uncertain the director believes that it is appropriate to prepare the accounts on a going concern basis.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 20% on reducing balance

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Pearl Site Services Limited (Registered number: 09764747)

Notes to the Financial Statements - continued
For The Period 30 October 2022 to 28 October 2023

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 period 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 period was 25 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 October 2022
and 28 October 2023 3,200
DEPRECIATION
At 30 October 2022 2,529
Charge for period 134
At 28 October 2023 2,663
NET BOOK VALUE
At 28 October 2023 537
At 29 October 2022 671

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.10.23 29.10.22
£    £   
Trade debtors 4,618 46,250
Other debtors 146,481 112,480
151,099 158,730

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.10.23 29.10.22
£    £   
Bank loans and overdrafts 10,000 10,000
Taxation and social security 91,175 185,081
Other creditors 1,325 4,400
102,500 199,481

Pearl Site Services Limited (Registered number: 09764747)

Notes to the Financial Statements - continued
For The Period 30 October 2022 to 28 October 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.10.23 29.10.22
£    £   
Bank loans 13,066 23,066

8. TRANSACTIONS WITH DIRECTORS

During the year the director, L Hynes, operated an account to which transactions of a private nature were charged. At the balance sheet date, included in other debtors, is £170,332 (2022 - £44,781) which is owed to the company by the director. Interest has been charged on the loan at a rate of 2%.

During the year the director, R Davies, operated an account to which transactions of a private nature were charged. At the balance sheet date, included in other debtors, is £40,709 (2022 - £39.862) which is owed to the company by the director. Interest has been charged on the loan at a rate of 2%.