Pearson Garages Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: 10129047

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		270,000		270,000
Tangible Assets	5		32,825		31,585

			302,825		301,585
CURRENT ASSETS
Stocks		46,370		75,057
Debtors		145,961		163,777
Cash at bank and in hand		1,611,801		1,231,402

		1,804,132		1,470,236
Creditors: Amounts Falling Due Within One Year		(744,974 )		(740,033 )

NET CURRENT ASSETS (LIABILITIES)			1,059,158		730,203

TOTAL ASSETS LESS CURRENT LIABILITIES			1,361,983		1,031,788

PROVISIONS FOR LIABILITIES
Deferred Taxation			(8,206 )		(7,896 )

NET ASSETS			1,353,777		1,023,892

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			1,353,677		1,023,792

SHAREHOLDERS' FUNDS			1,353,777		1,023,892

Page 1

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Pearson Garages Limited

Abridged Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 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.

All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 July 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Paul Pearson

Director

21st April 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Pearson Garages Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10129047 . The registered office is 10 Welford Road, Kingsthorpe, Northampton, Northamptonshire, NN2 8AG.

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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of nil years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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
Fixtures & Fittings	15% reducing balance

2.5. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 19 (2024: 16)

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Pearson Garages Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 July 2025

4. Intangible Assets

	Total
	£
Cost
As at 1 August 2024	270,000

As at 31 July 2025	270,000

Net Book Value
As at 31 July 2025	270,000

As at 1 August 2024	270,000

5. Tangible Assets

	Total
	£
Cost
As at 1 August 2024	77,663
Additions	13,494
Disposals	(7,683 )

As at 31 July 2025	83,474

Depreciation
As at 1 August 2024	46,078
Provided during the period	9,649
Disposals	(5,078 )

As at 31 July 2025	50,649

Net Book Value
As at 31 July 2025	32,825

As at 1 August 2024	31,585

6. Share Capital

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

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Pearson Garages Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 July 2025

7. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 August 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 July 2025
	£	£	£	£	£
Mr Malcolm Wilson	-	27,858	-	-	27,858
Mrs Charlotte Wilson	-	27,858	-	-	27,858

The above loan is unsecured, interest free and repayable on demand.