15 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 370,000 37,000 37,000 74,000 296,000 333,000 xbrli:pure xbrli:shares iso4217:GBP 04548050 2023-10-01 2024-09-30 04548050 2024-09-30 04548050 2023-09-30 04548050 2022-10-01 2023-09-30 04548050 2023-09-30 04548050 2022-09-30 04548050 core:PlantMachinery 2023-10-01 2024-09-30 04548050 core:FurnitureFittings 2023-10-01 2024-09-30 04548050 core:MotorVehicles 2023-10-01 2024-09-30 04548050 core:NetGoodwill 2023-10-01 2024-09-30 04548050 bus:Director1 2023-10-01 2024-09-30 04548050 core:NetGoodwill 2023-09-30 04548050 core:NetGoodwill 2024-09-30 04548050 core:PlantMachinery 2023-09-30 04548050 core:FurnitureFittings 2023-09-30 04548050 core:MotorVehicles 2023-09-30 04548050 core:PlantMachinery 2024-09-30 04548050 core:FurnitureFittings 2024-09-30 04548050 core:MotorVehicles 2024-09-30 04548050 core:WithinOneYear 2024-09-30 04548050 core:WithinOneYear 2023-09-30 04548050 core:ShareCapital 2024-09-30 04548050 core:ShareCapital 2023-09-30 04548050 core:RetainedEarningsAccumulatedLosses 2024-09-30 04548050 core:RetainedEarningsAccumulatedLosses 2023-09-30 04548050 core:BetweenOneFiveYears 2024-09-30 04548050 core:BetweenOneFiveYears 2023-09-30 04548050 core:MoreThanFiveYears 2024-09-30 04548050 core:MoreThanFiveYears 2023-09-30 04548050 core:NetGoodwill 2023-09-30 04548050 core:PlantMachinery 2023-09-30 04548050 core:FurnitureFittings 2023-09-30 04548050 core:MotorVehicles 2023-09-30 04548050 bus:SmallEntities 2023-10-01 2024-09-30 04548050 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04548050 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04548050 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04548050 bus:FullAccounts 2023-10-01 2024-09-30 04548050 core:ComputerEquipment 2023-10-01 2024-09-30 04548050 core:ComputerEquipment 2024-09-30
COMPANY REGISTRATION NUMBER: 04548050
Peirson Services Limited
Unaudited financial statements
30 September 2024
Peirson Services Limited
Statement of financial position
30 September 2024
2024
2023
Note
£
£
£
£
Fixed assets
Intangible assets
5
296,000
333,000
Tangible assets
6
144,308
140,767
---------
---------
440,308
473,767
Current assets
Stocks
18,233
3,500
Debtors
7
97,569
57,799
Cash at bank and in hand
1,282,979
1,141,287
-----------
-----------
1,398,781
1,202,586
Creditors: Amounts falling due within one year
8
( 228,438)
( 214,702)
-----------
-----------
Net current assets
1,170,343
987,884
-----------
-----------
Total assets less current liabilities
1,610,651
1,461,651
Provisions
Taxation including deferred tax
( 35,068)
( 33,961)
-----------
-----------
Net assets
1,575,583
1,427,690
-----------
-----------
Capital and reserves
Called up share capital
1,002
1,000
Profit and loss account
1,574,581
1,426,690
-----------
-----------
Shareholders funds
1,575,583
1,427,690
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Peirson Services Limited
Statement of financial position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 26 June 2025 , and are signed on behalf of the board by:
Mr J Q Peirson
Director
Company registration number: 04548050
Peirson Services Limited
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 The Elms, St. Faiths Road, Norwich, Norfolk, NR67BP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
No significant judgements, estimations and uncertainties have arisen in the preparation of the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.
Income tax
Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
Goodwill is measured at cost less accumulated amortisation. It is amortised on a straight-line basis over its estimated useful life.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
Written off over ten years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
15% reducing balance
Motor vehicles
-
15% reducing balance
Computer equipment
-
33% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of employees during the year was 15 (2023: 18 ).
5. Intangible assets
Goodwill
£
Cost
At 1 October 2023 and 30 September 2024
370,000
---------
Amortisation
At 1 October 2023
37,000
Charge for the year
37,000
---------
At 30 September 2024
74,000
---------
Carrying amount
At 30 September 2024
296,000
---------
At 30 September 2023
333,000
---------
6. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 October 2023
242,416
35,516
69,988
347,920
Additions
12,720
14,864
27,584
---------
-------
-------
-------
---------
At 30 September 2024
255,136
35,516
69,988
14,864
375,504
---------
-------
-------
-------
---------
Depreciation
At 1 October 2023
182,816
5,327
19,010
207,153
Charge for the year
9,417
4,528
7,646
2,452
24,043
---------
-------
-------
-------
---------
At 30 September 2024
192,233
9,855
26,656
2,452
231,196
---------
-------
-------
-------
---------
Carrying amount
At 30 September 2024
62,903
25,661
43,332
12,412
144,308
---------
-------
-------
-------
---------
At 30 September 2023
59,600
30,189
50,978
140,767
---------
-------
-------
-------
---------
7. Debtors
2024
2023
£
£
Trade debtors
90,119
35,920
Other debtors
7,450
21,879
-------
-------
97,569
57,799
-------
-------
8. Creditors: Amounts falling due within one year
2024
2023
£
£
Trade creditors
10,132
9,767
Social security and other taxes
71,611
33,049
Other creditors
146,695
171,886
---------
---------
228,438
214,702
---------
---------
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
27,000
27,000
Later than 1 year and not later than 5 years
108,000
108,000
Later than 5 years
54,000
81,000
---------
---------
189,000
216,000
---------
---------