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Company Registration No. 12167329 (England and Wales)
PEARSON AIR LTD Unaudited accounts for the year ended 31 August 2025
PEARSON AIR LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PEARSON AIR LTD Company Information for the year ended 31 August 2025
Director
Michael Pearson
Secretary
Carly Pearson
Company Number
12167329 (England and Wales)
Registered Office
3 NORTHWAY GUILDFORD SURREY GU2 9SB ENGLAND
Accountants
Tanners Tax Accountants Steward House 14 Commercial Way Woking Surrey GU21 6ET
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PEARSON AIR LTD Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
6,027
8,036
Current assets
Debtors
5
16,932
9,261
Cash at bank and in hand
10,892
8,295
27,824
17,556
Creditors: amounts falling due within one year
6
(24,235)
(24,018)
Net current assets/(liabilities)
3,589
(6,462)
Net assets
9,616
1,574
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
9,516
1,474
Shareholders' funds
9,616
1,574
For the year ending 31 August 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 December 2025 and were signed on its behalf by
Michael Pearson Director Company Registration No. 12167329
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PEARSON AIR LTD Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
PEARSON AIR LTD is a private company, limited by shares, registered in England and Wales, registration number 12167329. The registered office is 3 NORTHWAY, GUILDFORD, SURREY, GU2 9SB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 September 2024
14,625
At 31 August 2025
14,625
Depreciation
At 1 September 2024
6,589
Charge for the year
2,009
At 31 August 2025
8,598
Net book value
At 31 August 2025
6,027
At 31 August 2024
8,036
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PEARSON AIR LTD Notes to the Accounts for the year ended 31 August 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
853
-
Trade debtors
16,079
9,261
16,932
9,261
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
-
785
Trade creditors
10,781
6,246
Taxes and social security
9,271
6,171
Other creditors
2,712
521
Loans from directors
1,471
10,295
24,235
24,018
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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