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Company Registration No. 07272274 (England and Wales)
Pearce & Son (north East) Ltd Unaudited accounts for the period from 1 June 2024 to 31 October 2025
Pearce & Son (north East) Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Pearce & Son (north East) Ltd Company Information for the period from 1 June 2024 to 31 October 2025
Director
K R Pearce
Company Number
07272274 (England and Wales)
Registered Office
7 Horsley Avenue Shiremoor Newcastle upon Tyne Tyne and Wear NE27 0UF England
Accountants
Scott Accountancy Services 119 Lanchester Avenue Gateshead Tyne & Wear NE9 7AN
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Pearce & Son (north East) Ltd Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
-
8,615
Current assets
Inventories
-
45,192
Debtors
5
2,450
94,398
Cash at bank and in hand
1,007
4,018
3,457
143,608
Creditors: amounts falling due within one year
6
(34,819)
(116,596)
Net current (liabilities)/assets
(31,362)
27,012
Net (liabilities)/assets
(31,362)
35,627
Capital and reserves
Share premium
2
2
Profit and loss account
(31,364)
35,625
Shareholders' funds
(31,362)
35,627
For the period ending 31 October 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 February 2026 and were signed on its behalf by
K R Pearce Director Company Registration No. 07272274
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Pearce & Son (north East) Ltd Notes to the Accounts for the period from 1 June 2024 to 31 October 2025
1
Statutory information
Pearce & Son (north East) Ltd is a private company, limited by shares, registered in England and Wales, registration number 07272274. The registered office is 7 Horsley Avenue, Shiremoor, Newcastle upon Tyne, Tyne and Wear, NE27 0UF, England. The company is in the process of being wound up.
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 period, 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.
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
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Going concern
The accounts have been prepared on the basis that the company was winding up and cessation planned on 31 October 2025. At which point the assets removed at Net Book Value and set against directors loans which had been used to keep the company afloat during the final two financial reporting periods. The decision was not taken lightly by the director but due to the current financial restraints in the economy causing restrictions to customers disposable income; rising labour, energy and fuel costs; pressures in the supply chain causing price increases; and the aging key members of staff, the company found itself being outbid in the market and unable to dynamically respond due to the aging of project management. Two major accidents and absences during the period to these key members meant projects were not supervised adequately, This resulted in further unforeseen costs as unplanned delays and snagging were needed. As such the director felt that a fresh approach was required and upon the staff members retirement on grounds of ill health sought to move away from the issues of the last two years.
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Pearce & Son (north East) Ltd Notes to the Accounts for the period from 1 June 2024 to 31 October 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 June 2024
20,674
26,590
47,264
Disposals
(20,674)
(26,590)
(47,264)
At 31 October 2025
-
-
-
Depreciation
At 1 June 2024
13,401
25,248
38,649
Charge for the period
1,090
335
1,425
On disposals
(14,491)
(25,583)
(40,074)
At 31 October 2025
-
-
-
Net book value
At 31 October 2025
-
-
-
At 31 May 2024
7,273
1,342
8,615
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
767
-
Trade debtors
1,683
94,193
Other debtors
-
205
2,450
94,398
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
1,166
VAT
-
5,277
Trade creditors
-
75,306
Loans from directors
34,819
34,847
34,819
116,596
7
Average number of employees
During the period the average number of employees was 0 (2024: 0).
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