REGISTERED NUMBER: 09764747 (England and Wales)

Financial Statements For The Year Ended 28 October 2024

for

Pearl Site Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Hynes

R Davies

REGISTERED OFFICE:

1 Pearl Way

Liverpool

Merseyside

L6 5ND

REGISTERED NUMBER:

09764747 (England and Wales)

ACCOUNTANTS:

Cobham Murphy

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Tangible assets

4

429

537

CURRENT ASSETS

Debtors

5

258,672

151,099

Cash at bank and in hand

5,872

5

264,544

151,104

CREDITORS

Amounts falling due within one year

6

194,197

102,500

NET CURRENT ASSETS

70,347

48,604

TOTAL ASSETS LESS CURRENT LIABILITIES

70,776

49,141

CREDITORS

Amounts falling due after more than one year

7

-

(13,066

)

PROVISIONS FOR LIABILITIES

(122

)

(102

)

NET ASSETS

70,654

35,973

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

70,554

35,873

70,654

35,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 28 April 2026 and were signed on its behalf by:

L Hynes - Director

1.	STATUTORY INFORMATION

Pearl Site Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

As with most businesses we have been impacted by Covid-19. This has had an impact on our operations, customers and staff. We have utilised the grants and benefits available from the Government and are taking all the steps we can to protect the future of our business. Although the total impact is still uncertain the director believes that it is appropriate to prepare the accounts on a going concern basis.

Significant judgements and estimates

There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc

-

20% on reducing balance

Financial instruments

Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 NIL (2023 - 25 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 29 October 2023

and 28 October 2024

3,200

DEPRECIATION

At 29 October 2023

2,663

Charge for year

108

At 28 October 2024

2,771

NET BOOK VALUE

At 28 October 2024

429

At 28 October 2023

537

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.10.24

28.10.23

£

£

Trade debtors

-

4,618

Other debtors

258,672

146,481

258,672

151,099

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.10.24

28.10.23

£

£

Bank loans and overdrafts

8,550

10,000

Taxation and social security

111,147

91,175

Other creditors

74,500

1,325

194,197

102,500

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.10.24

28.10.23

£

£

Bank loans

-

13,066

8.	TRANSACTIONS WITH DIRECTORS

During the year the director, L Hynes, operated an account to which transactions of a private nature were charged. At the balance sheet date, included in other debtors, is £225010 (2023 - £170,332) which is owed to the company by the director. Interest has been charged on the loan at a rate of 2.25%.