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Company Registration No. 02112939 (England and Wales)
Pearce & Co. (Chertsey) Limited Unaudited accounts for the year ended 31 March 2025
Pearce & Co. (Chertsey) Limited Unaudited accounts Contents
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Pearce & Co. (Chertsey) Limited Company Information for the year ended 31 March 2025
Directors
S J Hall R Jamieson G R Parry
Company Number
02112939 (England and Wales)
Registered Office
64 Guildford Street Chertsey Surrey KT16 9BD
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Pearce & Co. (Chertsey) Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
225,000 
275,000 
Tangible assets
96,746 
122,835 
321,746 
397,835 
Current assets
Debtors
32,152 
52,364 
Cash at bank and in hand
306,959 
282,256 
339,111 
334,620 
Creditors: amounts falling due within one year
(210,723)
(169,585)
Net current assets
128,388 
165,035 
Total assets less current liabilities
450,134 
562,870 
Creditors: amounts falling due after more than one year
(73,923)
(92,306)
Net assets
376,211 
470,564 
Capital and reserves
Called up share capital
111 
111 
Share premium
24,989 
24,989 
Profit and loss account
351,111 
445,464 
Shareholders' funds
376,211 
470,564 
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by
R Jamieson Director Company Registration No. 02112939
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Pearce & Co. (Chertsey) Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Pearce & Co. (Chertsey) Limited is a private company, limited by shares, registered in England and Wales, registration number 02112939. The registered office is 64 Guildford Street, Chertsey, Surrey, KT16 9BD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services: Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: - the amount of revenue can be measured reliably; - it is probable that the Company will receive the consideration due under the contract; - the stage of completion of the contract at the end of the reporting period can be measured reliably; and - the costs incurred and the costs to complete the contract can be measured reliably.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is amortised over its estimated useful life of 10 years.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
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Pearce & Co. (Chertsey) Limited Notes to the Accounts for the year ended 31 March 2025
Operating leases: the Company as lessee
Rentals paid under operating leases are charged to the statement of comprehensive income on a straight line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
Pension costs
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 contribution have been paid the Company has no further payment obligations. The contributions are recognised as an expense in the statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
Interest income
Interest income is recognised in the statement of comprehensive income using the effective interest method.
Government grants
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the directors have made the following judgements: Determine whether there are indicators of impairment of the company's intangible and tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. Determine whether leases are entered into by the company as a lessee are operating or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis. Other key sources of estimation uncertainty: Tangible fixed assets (note 5) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
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Pearce & Co. (Chertsey) Limited Notes to the Accounts for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2024
500,000 
At 31 March 2025
500,000 
Amortisation
At 1 April 2024
225,000 
Charge for the year
50,000 
At 31 March 2025
275,000 
Net book value
At 31 March 2025
225,000 
At 31 March 2024
275,000 
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2024
112,512 
4,089 
56,284 
172,885 
Additions
- 
1,275 
5,119 
6,394 
Disposals
- 
- 
(2,514)
(2,514)
At 31 March 2025
112,512 
5,364 
58,889 
176,765 
Depreciation
At 1 April 2024
24,004 
534 
25,512 
50,050 
Charge for the year
22,126 
998 
8,837 
31,961 
On disposals
- 
- 
(1,992)
(1,992)
At 31 March 2025
46,130 
1,532 
32,357 
80,019 
Net book value
At 31 March 2025
66,382 
3,832 
26,532 
96,746 
At 31 March 2024
88,508 
3,555 
30,772 
122,835 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,176 
38,570 
Accrued income and prepayments
14,976 
13,794 
32,152 
52,364 
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Pearce & Co. (Chertsey) Limited Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
10,483 
10,298 
VAT
43,514 
40,804 
Obligations under finance leases and hire purchase contracts
8,739 
8,821 
Trade creditors
3,289 
2,990 
Taxes and social security
130,112 
87,954 
Other creditors
929 
1,082 
Accruals
13,657 
17,636 
210,723 
169,585 
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
4,353 
14,700 
Obligations under finance leases and hire purchase contracts
69,570 
77,606 
73,923 
92,306 
9
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
111 Ordinary shares of £1 each
111 
111 
10
Operating lease commitments
2025 
2024 
£ 
£ 
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
- 
6,250 
11
Average number of employees
During the year the average number of employees was 8 (2024: 8).
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