Pearsons Capital Projects Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06678108

Pearsons Capital Projects Limited

Unaudited financial statements

30 April 2025

Pearsons Capital Projects Limited

Statement of financial position

30 April 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5	470,791	484,702
Investments	6	2	–
		---------	---------
		470,793	484,702

Current assets

Stocks		4,509,410	4,602,577
Debtors	7	538,429	541,823
Cash at bank and in hand		18,008	28,948
		-----------	-----------
		5,065,847	5,173,348

Creditors: Amounts falling due within one year	8	( 262,125)		( 480,346)
		-----------		-----------
Net current assets			4,803,722		4,693,002
			-----------		-----------
Total assets less current liabilities			5,274,515		5,177,704

Creditors: Amounts falling due after more than one year	9		( 3,426,750)		( 3,490,950)

Provisions

Taxation including deferred tax	( 6,759)	( 7,843)
	-----------	-----------
Net assets	1,841,006	1,678,911
	-----------	-----------

Capital and reserves

Called up share capital	4	2
Profit and loss account	1,841,002	1,678,909
	-----------	-----------
Shareholders funds	1,841,006	1,678,911
	-----------	-----------

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.

For the year ending 30 April 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 .

Pearsons Capital Projects Limited

Statement of financial position (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 2 December 2025 , and are signed on behalf of the board by:

J C Pearson

Director

Company registration number: 06678108

Pearsons Capital Projects Limited

Notes to the financial statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Limes, 32 Bridge Street, Thetford, Norfolk, IP24 3AG.

2. Statement of compliance

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

Revenue recognition

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. Rental income is recognised on an accruals basis.

Income tax

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

Tangible assets

Tangible assets are initially recorded at cost, and 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.

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:

Freehold property	-	2% straight line
Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance and 33% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

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 stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

4. Employee numbers

The average number of employees during the year was 7 (2024: 7 ).

5. Tangible assets

	Freehold property	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 May 2024	503,700	57,090	23,155	583,945
Additions	–	4,576	–	4,576
	---------	-------	-------	---------
At 30 April 2025	503,700	61,666	23,155	588,521
	---------	-------	-------	---------
Depreciation
At 1 May 2024	50,370	26,315	22,558	99,243
Charge for the year	10,074	8,266	147	18,487
	---------	-------	-------	---------
At 30 April 2025	60,444	34,581	22,705	117,730
	---------	-------	-------	---------
Carrying amount
At 30 April 2025	443,256	27,085	450	470,791
	---------	-------	-------	---------
At 30 April 2024	453,330	30,775	597	484,702
	---------	-------	-------	---------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 May 2024	–
Additions	2
	----
At 30 April 2025	2
	----
Impairment
At 1 May 2024 and 30 April 2025	–
	----

Carrying amount
At 30 April 2025	2
	----
At 30 April 2024	–
	----

7. Debtors

	2025	2024
	£	£
Trade debtors	8,714	11,449
Other debtors	529,715	530,374
	---------	---------
	538,429	541,823
	---------	---------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	64,200	64,200
Trade creditors	11,707	14,176
Social security and other taxes	33,847	22,952
Other creditors	152,371	379,018
	---------	---------
	262,125	480,346
	---------	---------

The bank overdraft and loans of £64,200 (2024: £64,200) is secured by the company. Included in other creditors is an amount of £nil (2024: £15,115) which is secured by the assets concerned.

9. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,926,750	1,990,950
Other creditors	1,500,000	1,500,000
	-----------	-----------
	3,426,750	3,490,950
	-----------	-----------

The bank loan of £1,926,750 (2024: £1,990,90) is secured by the company.