PEARSON TRAVEL LIMITED


Director	PEARSON, Shaun


Company Secretary	PEARSON, Amy Louise


Registered Address	Suite 2.05 Swans Centre For Innovation
	Station Road
	Wallsend
	NE28 6EQ


Registered Number	12920187 (England and Wales)

Balance Sheet as at
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		219,006		273,610
			219,006		273,610
Current assets
Debtors		93,393		94,149
Cash at bank and on hand		1,120		15,642
		94,513		109,791
Creditors amounts falling due within one year	4	(69,264)		(85,913)
Net current assets (liabilities)			25,249		23,878
Total assets less current liabilities			244,255		297,488
Creditors amounts falling due after one year	5		(2,949)		(22,660)
Net assets			241,306		274,828
Capital and reserves
Called up share capital			1		1
Profit and loss account			241,305		274,827
Shareholders' funds			241,306		274,828

The company was entitled to exemption from audit for this reporting period 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 7 July 2026, and are signed on its behalf by:

PEARSON, Shaun
Director
Registered Company No. 12920187

PEARSON TRAVEL LIMITED

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Fixtures and fittings	15
	Vehicles	20
	Office Equipment	25

2.	Average number of employees


		2025		2024
	Average number of employees during the year	6		6

3.	Tangible fixed assets

	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 November 24	391,831	7,015	14,899	413,745
Additions	13,700	-	721	14,421
Disposals	(26,250)	-	-	(26,250)
At 31 October 25	379,281	7,015	15,620	401,916
Depreciation and impairment
At 01 November 24	133,001	1,443	5,691	140,135
Charge for year	56,116	836	2,301	59,253
On disposals	(16,478)	-	-	(16,478)
At 31 October 25	172,639	2,279	7,992	182,910
Net book value
At 31 October 25	206,642	4,736	7,628	219,006
At 31 October 24	258,830	5,572	9,208	273,610

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	36,547	41,480
Bank borrowings and overdrafts	8,863	1,161
Taxation and social security	23,827	43,245
Other creditors	27	27
Total	69,264	85,913


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	2,273	10,791
Other creditors	676	11,869
Total	2,949	22,660

6.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	677		11,869