PFAIRHURST LTD


Directors	Paul Fairhurst
	Erica Fairhurst


Registered Address	Walker House
	Market Place
	Somerton
	TA11 7LZ


Registered Number	10210458 (England and Wales)

Balance Sheet as at
31 May 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		19,866		14,522
			19,866		14,522
Current assets
Stocks	5	2,749		-
Debtors		4,800		420
Cash at bank and on hand		18,745		5,610
		26,294		6,030
Creditors amounts falling due within one year	6	(28,296)		(10,843)
Net current assets (liabilities)			(2,002)		(4,813)
Total assets less current liabilities			17,864		9,709
Net assets			17,864		9,709
Capital and reserves
Called up share capital			3		3
Profit and loss account			17,861		9,706
Shareholders' funds			17,864		9,709

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 29 August 2025, and are signed on its behalf by:

Paul Fairhurst
Director
Registered Company No. 10210458

PFAIRHURST LTD

Notes to the Financial Statements
for the year ended 31 May 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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Going concern
	Under the going concern basis of accounting, the financial statements are prepared on the assumption that the entity is a going concern and will continue its operations for the foreseeable future.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Has been fully amortised

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	25	-
Fixtures and fittings	25	-
Vehicles	25	-
Office Equipment	-	3

	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 profit and loss account.

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 profit and loss account.

	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).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 June 24	62,385	62,385
At 31 May 25	62,385	62,385
Amortisation and impairment
At 01 June 24	62,385	62,385
At 31 May 25	62,385	62,385
Net book value
At 31 May 25	-	-
At 31 May 24	-	-

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 June 24	2,502	22,995	340	6,488	32,325
Additions	-	25,500	-	-	25,500
Disposals	-	(22,995)	-	-	(22,995)
At 31 May 25	2,502	25,500	340	6,488	34,830
Depreciation and impairment
At 01 June 24	1,657	10,061	196	5,889	17,803
Charge for year	211	6,375	37	599	7,222
On disposals	-	(10,061)	-	-	(10,061)
At 31 May 25	1,868	6,375	233	6,488	14,964
Net book value
At 31 May 25	634	19,125	107	-	19,866
At 31 May 24	845	12,934	144	599	14,522

5.	Stocks

	2025	2024
	£	£
Work in progress	2,749	-
Total	2,749	-

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	120
Bank borrowings and overdrafts	1,106	1,200
Amounts owed to related parties	4,003	472
Taxation and social security	22,141	8,073
Accrued liabilities and deferred income	1,046	978
Total	28,296	10,843


	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.