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PEARCE AND CLATWORTHY LIMITED

Registered Number
11268451
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

PEARCE AND CLATWORTHY LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

CLATWORTHY, Dean
PEARCE, Mark William

Registered Address

Greenwood Accountancy 5-7 Pellew Arcade
Teign Street
Teignmouth
TQ14 8EB

Registered Number

11268451 (England and Wales)
PEARCE AND CLATWORTHY LIMITED
Statement of Financial Position
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Intangible assets323,00023,000
Tangible assets410,31313,750
33,31336,750
Current assets
Debtors5700385
Cash at bank and on hand13,13211,919
13,83212,304
Creditors amounts falling due within one year6(26,450)(27,410)
Net current assets (liabilities)(12,618)(15,106)
Total assets less current liabilities20,69521,644
Creditors amounts falling due after one year7(2,573)(4,557)
Net assets18,12217,087
Capital and reserves
Called up share capital100100
Profit and loss account18,02216,987
Shareholders' funds18,12217,087
The financial statements were approved and authorised for issue by the Board of Directors on 25 July 2025, and are signed on its behalf by:
CLATWORTHY, Dean
Director
PEARCE, Mark William
Director

Registered Company No. 11268451
PEARCE AND CLATWORTHY LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

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.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
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
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Vehicles25
2.Average number of employees

20252024
Average number of employees during the year22
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 2423,00023,000
At 31 March 2523,00023,000
Net book value
At 31 March 2523,00023,000
At 31 March 2423,00023,000
4.Tangible fixed assets

Vehicles

Total

££
Cost or valuation
At 01 April 2444,50344,503
At 31 March 2544,50344,503
Depreciation and impairment
At 01 April 2430,75330,753
Charge for year3,4373,437
At 31 March 2534,19034,190
Net book value
At 31 March 2510,31310,313
At 31 March 2413,75013,750
5.Debtors: amounts due within one year

2025

2024

££
Other debtors700385
Total700385
6.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables10,8852,800
Taxation and social security13,01814,409
Other creditors1,6629,359
Accrued liabilities and deferred income885842
Total26,45027,410
7.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts2,5734,557
Total2,5734,557