REGISTERED NUMBER: 04452871 (England and Wales)

C.G. PEARCE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs E L Pearce

REGISTERED OFFICE:

45 High Street

Haverfordwest

Pembrokeshire

SA61 2BP

REGISTERED NUMBER:

04452871 (England and Wales)

ACCOUNTANTS:

Bevan Buckland LLP

Chartered Accountants

45 High Street

Haverfordwest

Pembrokeshire

SA61 2BP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

22,037

27,160

22,037

27,160

CURRENT ASSETS

Debtors

6

75,483

93,669

Cash at bank

18,372

3

93,855

93,672

CREDITORS

Amounts falling due within one year

7

89,601

99,194

NET CURRENT ASSETS/(LIABILITIES)

4,254

(5,522

)

TOTAL ASSETS LESS CURRENT LIABILITIES

26,291

21,638

CREDITORS

Amounts falling due after more than one year

8

(21,922

)

(33,041

)

PROVISIONS FOR LIABILITIES

(4,186

)

(384

)

NET ASSETS/(LIABILITIES)

183

(11,787

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

83

(11,887

)

SHAREHOLDERS' FUNDS

183

(11,787

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 12 December 2025 and were signed by:

Mrs E L Pearce - Director

1.	STATUTORY INFORMATION

C.G. Pearce 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 services, excluding value added tax.

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% reducing balance

Office equipment

-

25% reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

Straight line over 4 years

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

100,000

AMORTISATION

At 1 April 2024

and 31 March 2025

100,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Office

Motor

Computer

machinery

equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

101,916

4,503

78,299

16,359

201,077

Additions

1,000

-

-

607

1,607

Disposals

(20,103

)

(4,254

)

(37,566

)

-

(61,923

)

At 31 March 2025

82,813

249

40,733

16,966

140,761

DEPRECIATION

At 1 April 2024

85,359

4,395

68,149

16,014

173,917

Charge for year

2,854

15

2,500

280

5,649

Eliminated on disposal

(19,222

)

(4,205

)

(37,415

)

-

(60,842

)

At 31 March 2025

68,991

205

33,234

16,294

118,724

NET BOOK VALUE

At 31 March 2025

13,822

44

7,499

672

22,037

At 31 March 2024

16,557

108

10,150

345

27,160

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,708

19,620

Amounts owed by group undertakings

44,238

44,138

Other debtors

26,537

29,911

75,483

93,669

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,696

9,768

Hire purchase contracts

266

3,036

Trade creditors

13,297

18,367

Taxation and social security

16,827

13,352

Other creditors

51,515

54,671

89,601

99,194

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

266

Other creditors

21,922

32,775

21,922

33,041

Finance Wales Investments (10) Ltd holds a legal charge against the company, dated 10 March 2017.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mrs E L Pearce

Balance outstanding at start of year

21,735

12,715

Amounts advanced

19,759

22,042

Amounts repaid

(22,021

)

(13,022

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

19,473

21,735

Interest is being charged at the official rate where applicable.