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REGISTERED NUMBER: 06231186 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Pearsons Engineering Services Limited

Pearsons Engineering Services Limited (Registered number: 06231186)






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


Pearsons Engineering Services Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr N Pearson
Mrs C Pearson





SECRETARY: Mrs C Pearson





REGISTERED OFFICE: Wincanton House
Wincanton Close
Derby
Derbyshire
DE24 8NB





REGISTERED NUMBER: 06231186 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Pearsons Engineering Services Limited (Registered number: 06231186)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 389,195 291,260

CURRENT ASSETS
Stocks 128,823 85,300
Debtors 5 737,580 769,885
Cash at bank 815,920 1,048,090
1,682,323 1,903,275
CREDITORS
Amounts falling due within one year 6 312,366 356,688
NET CURRENT ASSETS 1,369,957 1,546,587
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,759,152

1,837,847

PROVISIONS FOR LIABILITIES 73,947 55,339
NET ASSETS 1,685,205 1,782,508

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,685,203 1,782,506
1,685,205 1,782,508

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.

Pearsons Engineering Services Limited (Registered number: 06231186)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





Mr N Pearson - Director


Pearsons Engineering Services Limited (Registered number: 06231186)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Pearsons Engineering 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.

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 represents net invoiced sales of goods and services, excluding value added tax, including, where applicable, relevant costs and overheads plus attributable profit to date recoverable on contracts. Turnover from the sale of goods is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the agreed upon payment will be received. In relation to services, turnover is recognised in the year in which the services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stock and work in progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for slow and obsolete items.

Cost represents the invoiced cost of materials on a first in first out basis.

Net realisable value is based on the estimated selling price less further costs expected to be incurred upon completion.

Amounts recoverable on contracts are valued at anticipated net sales value of work done after provision for contingencies and anticipated future losses on contracts.

Deferred tax
Deferred tax is recognised in respect of all material timing differences.

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.

Operating lease commitments
Rentals paid under operating leases are charged to the profit and loss account as incurred.

3. EMPLOYEES AND DIRECTORS

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

Pearsons Engineering Services Limited (Registered number: 06231186)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
Equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 452,609 10,722 251,038 34,475 748,844
Additions 36,331 - 135,360 1,427 173,118
Disposals - - (31,579 ) (26,748 ) (58,327 )
At 31 August 2024 488,940 10,722 354,819 9,154 863,635
DEPRECIATION
At 1 September 2023 255,005 6,651 164,521 31,407 457,584
Charge for year 30,704 610 36,856 2,386 70,556
Eliminated on disposal - - (26,942 ) (26,758 ) (53,700 )
At 31 August 2024 285,709 7,261 174,435 7,035 474,440
NET BOOK VALUE
At 31 August 2024 203,231 3,461 180,384 2,119 389,195
At 31 August 2023 197,604 4,071 86,517 3,068 291,260

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 563,338 607,264
Amounts recoverable on contracts 11,635 -
Other debtors 5,550 2,200
Directors' loan account 90,955 96,041
Prepayments and accrued income 33,688 31,966
705,166 737,471

Amounts falling due after more than one year:
Tax 32,414 32,414

Aggregate amounts 737,580 769,885

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 111,223 109,050
Tax 94,643 128,294
Social security and other taxes 90,259 102,194
Other creditors 2,939 2,909
Commercial card 4,953 5,168
Accrued expenses 8,349 9,073
312,366 356,688

Pearsons Engineering Services Limited (Registered number: 06231186)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. LEASING AGREEMENTS
The minimum lease payments on non-cancellable operating leases committed to be paid are £159,083 (2023 - £200,583).

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Interest has been charged at the official rate of interest prescribed by HM Revenue and Customs and the balance is repayable on demand.