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Pearson Poultry and Farming Limited

Registered Number
04312540
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

Pearson Poultry and Farming Limited
Company Information
for the year from 1 November 2023 to 31 October 2024

Directors

PEARSON, Craig
PEARSON, Steven

Registered Address

Brunswick House
Harbour Business Park
Maryport
CA15 8BF

Place of Business

Abbotts Farm

Blackdyke

Silloth

Wigton

CA7 4PL


Registered Number

04312540 (England and Wales)
Pearson Poultry and Farming Limited
Statement of Financial Position
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets390,000110,000
Tangible assets4745,195786,257
835,195896,257
Current assets
Stocks55,8805,880
Debtors6262,987138,224
Cash at bank and on hand241,815176,567
510,682320,671
Creditors amounts falling due within one year7(169,537)(69,148)
Net current assets (liabilities)341,145251,523
Total assets less current liabilities1,176,3401,147,780
Provisions for liabilities8(39,765)(48,547)
Net assets1,136,5751,099,233
Capital and reserves
Called up share capital1,1001,100
Profit and loss account1,135,4751,098,133
Shareholders' funds1,136,5751,099,233
The financial statements were approved and authorised for issue by the Board of Directors on 24 July 2025, and are signed on its behalf by:
PEARSON, Steven
Director
Registered Company No. 04312540
Pearson Poultry and Farming Limited
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Interest income
Interest income is recognised using the effective interest rate method.
Dividend income
Dividend income is recognised when the right to receive payment is established.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease. Where the company is a lessor, rental income from operating leases is credited to the Income Statement on a straight-line basis over the lease term.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-50
Plant and machinery10-
Vehicles20-
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year22
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 November 23110,000110,000
Revaluations(20,000)(20,000)
At 31 October 2490,00090,000
Net book value
At 31 October 2490,00090,000
At 31 October 23110,000110,000
4.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Total

££££
Cost or valuation
At 01 November 23883,9221,153,9867,0002,044,908
Additions-14,500-14,500
Disposals-(12,300)-(12,300)
At 31 October 24883,9221,156,1867,0002,047,108
Depreciation and impairment
At 01 November 23353,175902,9562,5201,258,651
Charge for year-43,59589644,491
On disposals-(1,229)-(1,229)
At 31 October 24353,175945,3223,4161,301,913
Net book value
At 31 October 24530,747210,8643,584745,195
At 31 October 23530,747251,0304,480786,257
5.Stocks

2024

2023

££
Raw materials and consumables5,8805,880
Total5,8805,880
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables132,198-
Other debtors127,809133,851
Prepayments and accrued income2,9804,373
Total262,987138,224
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables112,69123,088
Taxation and social security50,334-
Other creditors2,61142,160
Accrued liabilities and deferred income3,9013,900
Total169,53769,148
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)39,76548,547
Total39,76548,547