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REGISTERED NUMBER: 10010939 (England and Wales)















DR TIM PEARCE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025






DR TIM PEARCE LTD (REGISTERED NUMBER: 10010939)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DR TIM PEARCE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: Dr T Pearce
Mrs M Pearce





SECRETARY: Mrs M Pearce





REGISTERED OFFICE: Clarke Nicklin House Brooks Drive
Cheadle Royal Business Park
Cheadle
Stockport
SK8 3TD





REGISTERED NUMBER: 10010939 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

DR TIM PEARCE LTD (REGISTERED NUMBER: 10010939)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 226 7,892

CURRENT ASSETS
Debtors 5 944 1,416
Cash at bank 4,268 1,200
5,212 2,616
CREDITORS
Amounts falling due within one year 6 12,630 23,295
NET CURRENT LIABILITIES (7,418 ) (20,679 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,192

)

(12,787

)

CREDITORS
Amounts falling due after more than one
year

7

296

1,452
NET LIABILITIES (7,488 ) (14,239 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (7,588 ) (14,339 )
SHAREHOLDERS' FUNDS (7,488 ) (14,239 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

DR TIM PEARCE LTD (REGISTERED NUMBER: 10010939)

BALANCE SHEET - continued
28 FEBRUARY 2025


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 23 June 2025 and were signed on its behalf by:





Dr T Pearce - Director


DR TIM PEARCE LTD (REGISTERED NUMBER: 10010939)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025


1. STATUTORY INFORMATION

Dr Tim Pearce Ltd 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.

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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

DR TIM PEARCE LTD (REGISTERED NUMBER: 10010939)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 March 2024 2,088 75,830 77,918
Disposals - (75,830 ) (75,830 )
At 28 February 2025 2,088 - 2,088
DEPRECIATION
At 1 March 2024 1,787 68,239 70,026
Charge for year 75 - 75
Eliminated on disposal - (68,239 ) (68,239 )
At 28 February 2025 1,862 - 1,862
NET BOOK VALUE
At 28 February 2025 226 - 226
At 29 February 2024 301 7,591 7,892

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 944 1,416

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 1,254 1,284
Taxation and social security 218 218
Other creditors 11,158 21,793
12,630 23,295

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 296 1,452

DR TIM PEARCE LTD (REGISTERED NUMBER: 10010939)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr T Pearce.