REGISTERED NUMBER: 05287500 (England and Wales)

Financial Statements for the Year Ended 30 November 2024

for

Pierra Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M I Norris

Mr J L Rospo

SECRETARIES:

Mrs M M Norris

Mrs A J Rospo

REGISTERED OFFICE:

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

REGISTERED NUMBER:

05287500 (England and Wales)

ACCOUNTANTS:

Bennett Kirkhope Smith

Chartered Certified Accountants

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

42,844

47,983

42,844

47,983

CURRENT ASSETS

Stocks

6

189,441

134,846

Debtors

7

800,427

806,647

Investments

8

1,530

1,530

Cash at bank

1,086,008

161,458

2,077,406

1,104,481

CREDITORS

Amounts falling due within one year

9

1,025,606

524,078

NET CURRENT ASSETS

1,051,800

580,403

TOTAL ASSETS LESS CURRENT LIABILITIES

1,094,644

628,386

CREDITORS

Amounts falling due after more than one year

10

(6,943

)

(17,355

)

PROVISIONS FOR LIABILITIES

11

(12,268

)

(13,553

)

NET ASSETS

1,075,433

597,478

CAPITAL AND RESERVES

Called up share capital

12

112

112

Retained earnings

1,075,321

597,366

SHAREHOLDERS' FUNDS

1,075,433

597,478

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

Mr J L Rospo - Director

Mr M I Norris - Director

1.	STATUTORY INFORMATION

Pierra Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of long term contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007 has been fully amortised over its estimated useful economic life.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value, except in respect of long term contracts where work in progress is recognised based on valuations of the percentage of work completed, on each contract at the year end.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Retentions

Retentions are shown within debtors and are calculated as a percentage of the long term contract valuations at the year end.

Investments

Current asset investments are stated at fair value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2023

and 30 November 2024

70,000

AMORTISATION

At 1 December 2023

and 30 November 2024

70,000

NET BOOK VALUE

At 30 November 2024

-

At 30 November 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 December 2023

83,390

5,479

18,331

107,200

Additions

1,761

-

2,786

4,547

At 30 November 2024

85,151

5,479

21,117

111,747

DEPRECIATION

At 1 December 2023

39,176

3,999

16,042

59,217

Charge for year

6,875

222

2,589

9,686

At 30 November 2024

46,051

4,221

18,631

68,903

NET BOOK VALUE

At 30 November 2024

39,100

1,258

2,486

42,844

At 30 November 2023

44,214

1,480

2,289

47,983

6.

STOCKS

30.11.24

30.11.23

£

£

Work-in-progress

189,441

134,846

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Trade debtors

545,009

339,695

Amounts owed by group undertakings

-

251,520

Retentions

222,726

173,028

Other debtors

125

125

Prepayments

32,567

42,279

800,427

806,647

8.	CURRENT ASSET INVESTMENTS

30.11.24

30.11.23

£

£

Unlisted investments

1,530

1,530

In the opinion of the directors, the fair value of the unlisted investments is not materially different to its original cost.

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans and overdrafts

10,334

9,960

Trade creditors

159,361

180,456

Amounts owed to group undertakings

82,769

-

Corporation tax

367,257

29,360

Social security and other taxes

32,349

35,876

VAT

271,620

100,978

Credit card

4,885

2,518

Accrued expenses

97,031

164,930

1,025,606

524,078

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans due between one and two years

6,943

10,332

Bank loans due between two and five years

-

7,023

6,943

17,355

11.	PROVISIONS FOR LIABILITIES

30.11.24

30.11.23

£

£

Deferred tax

12,268

13,553

Deferred

tax

£

Balance at 1 December 2023

13,553

Credit to Income Statement during year

(1,285

)

Balance at 30 November 2024

12,268

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.24

30.11.23

value:

£

£

100

A Ordinary

£1

100

100

6

B Ordinary

£1

6

6

6

C Ordinary

£1

6

6

112

112

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Pierra Group Ltd.