Pearce Brothers Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3

Registered number: 10661122

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets			4,200		6,300
Tangible Assets			13,117		15,653

			17,317		21,953
CURRENT ASSETS
Stocks		1,950		2,225
Debtors		48,458		115,405
Cash at bank and in hand		20,367		6,802

		70,775		124,432
Creditors: Amounts Falling Due Within One Year		(63,810 )		(103,489 )

NET CURRENT ASSETS (LIABILITIES)			6,965		20,943

TOTAL ASSETS LESS CURRENT LIABILITIES			24,282		42,896

Creditors: Amounts Falling Due After More Than One Year			(2,133 )		(10,158 )

NET ASSETS			22,149		32,738

CAPITAL AND RESERVES
Called up share capital	4		100		100
Profit and Loss Account			22,049		32,638

SHAREHOLDERS' FUNDS			22,149		32,738

Page 1

Page 2

Pearce Brothers Ltd.

Balance Sheet (continued)

As At 31 March 2025

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Michael Pearce

Director

31/12/2025

The notes on page 3 form part of these financial statements.

1. General Information

Pearce Brothers Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 10661122 . The registered office is Restholme Western Road, Ivybridge, PL21 9AT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing balance
Motor Vehicles	20% Reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2024: 12)

4. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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