Pearce & Sons (Melton) Limited 31/05/2025 iXBRL

Company registration number: 4369346

Pearce & Sons (Melton) Limited

Unaudited filleted financial statements

31 May 2025

Coulter & Co.

Chartered Certified Accountants

Pearce & Sons (Melton) Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Pearce & Sons (Melton) Limited

Directors and other information


	Directors	T K Doubleday
		A J Smith
		N Urwick Davies


	Company number	4369346


	Registered office	9-10 Cheapside
		Melton Mowbray
		Leicestershire
		LE13 0TP


	Business address	29 Sherrard Street
		Melton Mowbray
		Leicestershire
		LE13 1XH


	Accountants	Coulter & Co.
		Pera Business Park
		M03 Tower Building
		Nottingham Road
		Melton Mowbray
		LE13 0PB

Pearce & Sons (Melton) Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Pearce & Sons (Melton) Limited

Year ended 31 May 2025

As described on the Statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 May 2025, as set out on pages 3 to 8.

You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Coulter & Co.

Chartered Certified Accountants

Pera Business Park

M03 Tower Building

Nottingham Road

Melton Mowbray

LE13 0PB

8 September 2025

Pearce & Sons (Melton) Limited

Statement of financial position

31 May 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	2		2
Tangible assets	6	56,644		68,053
		_______		_______
			56,646		68,055

Current assets
Stocks		1,276,676		1,246,206
Debtors	7	55,302		51,660
Investments	8	4,800		4,800
Cash at bank and in hand		10,811		19,832
		_______		_______
		1,347,589		1,322,498
Creditors: amounts falling due
within one year	9	( 410,246)		( 389,150)
		_______		_______
Net current assets			937,343		933,348
			_______		_______
Total assets less current liabilities			993,989		1,001,403

Creditors: amounts falling due
after more than one year	10		( 13,528)		( 33,797)
			_______		_______
Net assets			980,461		967,606
			_______		_______

Capital and reserves
Called up share capital			80,001		80,001
Profit and loss account			900,460		887,605
			_______		_______
Shareholders funds			980,461		967,606
			_______		_______

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 08 September 2025 , and are signed on behalf of the board by:

T K Doubleday

Director

Company registration number: 4369346

Pearce & Sons (Melton) Limited

Notes to the financial statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is 9-10 Cheapside, Melton Mowbray, Leicestershire, LE13 0TP.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 11 (2024: 11 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 June 2024 and 31 May 2025	2	2
	_______	_______
Amortisation
At 1 June 2024 and 31 May 2025	-	-
	_______	_______
Carrying amount
At 31 May 2025	2	2
	_______	_______
At 31 May 2024	2	2
	_______	_______

6. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 June 2024 and 31 May 2025	292,043	37,490	329,533
	_______	_______	_______
Depreciation
At 1 June 2024	247,984	13,497	261,481
Charge for the year	6,609	4,799	11,408
	_______	_______	_______
At 31 May 2025	254,593	18,296	272,889
	_______	_______	_______
Carrying amount
At 31 May 2025	37,450	19,194	56,644
	_______	_______	_______
At 31 May 2024	44,059	23,993	68,052
	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Other debtors	55,302	51,660
	_______	_______

8. Investments

	2025	2024
	£	£
Other investments	4,800	4,800
	_______	_______

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	116,231	136,366
Corporation tax	25,604	17,350
Social security and other taxes	36,802	23,902
Other creditors	231,609	211,532
	_______	_______
	410,246	389,150
	_______	_______

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	-	15,453
Other creditors	13,528	18,344
	_______	_______
	13,528	33,797
	_______	_______