Company Registration No. 13293598 (England and Wales)
PEARSON BARKER REINSTATEMENT LTD
Unaudited accounts
for the year ended 31 March 2025
PEARSON BARKER REINSTATEMENT LTD
Unaudited accounts
Contents
PEARSON BARKER REINSTATEMENT LTD
Company Information
for the year ended 31 March 2025
Directors
Jake Pearson
Craig Barker
Company Number
13293598 (England and Wales)
Registered Office
127 MOORLAND AVENUE
LINCOLN
LN6 7NH
ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
PEARSON BARKER REINSTATEMENT LTD
Statement of financial position
as at 31 March 2025
Tangible assets
770,741
431,847
Cash at bank and in hand
112,552
209,381
Creditors: amounts falling due within one year
(483,051)
(440,083)
Net current assets
305,634
180,714
Total assets less current liabilities
1,076,375
612,561
Creditors: amounts falling due after more than one year
(32,534)
-
Provisions for liabilities
Deferred tax
(184,323)
(98,169)
Other provisions
(100,000)
(75,000)
Net assets
759,518
439,392
Called up share capital
1
1
Profit and loss account
759,517
439,391
Shareholders' funds
759,518
439,392
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 21 July 2025 and were signed on its behalf by
Jake Pearson
Director
Company Registration No. 13293598
PEARSON BARKER REINSTATEMENT LTD
Notes to the Accounts
for the year ended 31 March 2025
PEARSON BARKER REINSTATEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 13293598. The registered office is 127 MOORLAND AVENUE, LINCOLN, LN6 7NH, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures & fittings
20% Reducing balance
Computer equipment
20% Reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
PEARSON BARKER REINSTATEMENT LTD
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
68,940
528,385
175
500
598,000
Additions
287,244
244,335
-
-
531,579
At 31 March 2025
356,184
772,720
175
500
1,129,579
At 1 April 2024
19,994
145,903
69
187
166,153
Charge for the year
67,238
125,363
21
63
192,685
At 31 March 2025
87,232
271,266
90
250
358,838
At 31 March 2025
268,952
501,454
85
250
770,741
At 31 March 2024
48,946
382,482
106
313
431,847
Amounts falling due within one year
Trade debtors
78,196
32,146
Other debtors
359,949
351,828
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
36,980
46,537
Taxes and social security
37,221
39,972
Loans from directors
1,906
871
Deferred income
359,949
351,828
7
Creditors: amounts falling due after more than one year
2025
2024
Taxes and social security
32,534
-
Corporation tax liability of some £32,534 relating to March 31st 2024 financial year end. Due to the lateness of HMRC returning overpaid taxes due under CIS (Construction Industry Scheme) this still remains outstanding as does the £350,949 of overpaid tax.
PEARSON BARKER REINSTATEMENT LTD
Notes to the Accounts
for the year ended 31 March 2025
8
Deferred taxation
2025
2024
Accelerated capital allowances
184,323
98,169
Provision at start of year
98,169
35,048
Charged to the profit and loss account
86,154
63,121
Provision at end of year
184,323
98,169
A deferred taxation reserve has been created of some £184,323 cumulative to date due to accelerated capital allowances.
This reserve will reverse in future periods and create a tax liability at the prevailing rate on the day.
9
Provisions for liabilities
£
Increase in existing provisions
25,000
A reserve has been created with regard to rectification work required under the customer contract.
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
11
Average number of employees
During the year the average number of employees was 7 (2024: 7).