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Pearton Tooling Company Limited
Unaudited Financial Statements
For The Year Ended 31 July 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05675114
31 July 2025 31 July 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 181,142 229,050
181,142 229,050
CURRENT ASSETS
Debtors 5 14,258 36,387
14,258 36,387
Creditors: Amounts Falling Due Within One Year 6 (133,399 ) (187,417 )
NET CURRENT ASSETS (LIABILITIES) (119,141 ) (151,030 )
TOTAL ASSETS LESS CURRENT LIABILITIES 62,001 78,020
Creditors: Amounts Falling Due After More Than One Year 7 (69,029 ) (99,816 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (5,431 )
NET LIABILITIES (7,028 ) (27,227 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (7,030 ) (27,229 )
SHAREHOLDERS' FUNDS (7,028) (27,227)
Page 1
Page 2
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.
On behalf of the board
M J Nash
Director
P A Scrutton
Director
8 June 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pearton Tooling Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05675114 . The registered office is Unit 8, Manor Way, Old Woking, Surrey, GU22 9JY.
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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
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:
Land and buildings - 5% on cost
Plant and machinery etc - 25% on cost, 20% on cost and 10% on cost
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees during the year was: NIL (2024: 2)
- 2
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 August 2024 254,235 248,787 60,324 563,346
Disposals - (248,787 ) (60,324 ) (309,111 )
As at 31 July 2025 254,235 - - 254,235
Depreciation
As at 1 August 2024 54,026 227,142 53,128 334,296
Provided during the period 19,067 - - 19,067
Disposals - (227,142 ) (53,128 ) (280,270 )
As at 31 July 2025 73,093 - - 73,093
Net Book Value
As at 31 July 2025 181,142 - - 181,142
As at 1 August 2024 200,209 21,645 7,196 229,050
5. Debtors
31 July 2025 31 July 2024
£ £
Due within one year
Trade debtors - 24,604
Other debtors 14,258 11,783
14,258 36,387
6. Creditors: Amounts Falling Due Within One Year
31 July 2025 31 July 2024
£ £
Trade creditors 1,054 1,098
Bank loans and overdrafts 27,007 108,707
Other creditors 11,556 1,138
Taxation and social security 93,782 76,474
133,399 187,417
7. Creditors: Amounts Falling Due After More Than One Year
31 July 2025 31 July 2024
£ £
Bank loans 69,029 99,816
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Page 5
8. Secured Creditors
Included within creditors the following amounts are secured.
The overdraft facility and a bank loan are secured by a charge over certain assets of the company.
31 July 2025 31 July 2024
£ £
Bank loans and overdrafts 81,088 182,277
9. Share Capital
31 July 2025 31 July 2024
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.00 each 2 2
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 31 July 2025 the directors owed the company £14,258 (31 July 2024 - £11,782). The loans were repaid shortly after the year end.
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