REGISTERED NUMBER: 03171980 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Pearfern Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Kauss

O K Kauss

SECRETARY:

Ms C E Symonds

REGISTERED OFFICE:

The Forge Beels Road

Kiln Lane Industrial Estate

Stallingborough

Grimsby

North East Lincs

DN41 8DN

REGISTERED NUMBER:

03171980 (England and Wales)

FIXED ASSETS

Tangible assets

4

62,762

90,565

CURRENT ASSETS

Stocks

20,000

26,070

Debtors

5

187,404

264,508

Cash at bank

5,286

7,601

212,690

298,179

CREDITORS

Amounts falling due within one year

6

187,616

239,621

NET CURRENT ASSETS

25,074

58,558

TOTAL ASSETS LESS CURRENT LIABILITIES

87,836

149,123

CREDITORS

Amounts falling due after more than one year

7

(8,172

)

(28,056

)

PROVISIONS FOR LIABILITIES

(14,468

)

(17,207

)

NET ASSETS

65,196

103,860

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

4,192

4,192

Retained earnings

60,904

99,568

65,196

103,860

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 3 June 2026 and were signed on its behalf by:

K Kauss - Director

1.	STATUTORY INFORMATION

Pearfern 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% on cost and 15% on cost

Stocks

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

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 13 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

236,177

Additions

5,204

Disposals

(29,745

)

At 31 December 2025

211,636

DEPRECIATION

At 1 January 2025

145,612

Charge for year

27,066

Eliminated on disposal

(23,804

)

At 31 December 2025

148,874

NET BOOK VALUE

At 31 December 2025

62,762

At 31 December 2024

90,565

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2025

89,415

Transfer to ownership

(51,595

)

At 31 December 2025

37,820

DEPRECIATION

At 1 January 2025

38,487

Charge for year

17,883

Transfer to ownership

(37,690

)

At 31 December 2025

18,680

NET BOOK VALUE

At 31 December 2025

19,140

At 31 December 2024

50,928

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

121,390

147,226

Other debtors

66,014

117,282

187,404

264,508

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

14,167

34,000

Hire purchase contracts

5,716

20,367

Trade creditors

115,761

120,504

Taxation and social security

37,814

49,618

Other creditors

14,158

15,132

187,616

239,621

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

-

14,167

Hire purchase contracts

8,172

13,889

8,172

28,056

8.

RESERVES

Revaluation

reserve

£

At 1 January 2025

and 31 December 2025

4,192