Pearce and Kemp Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01045360

Pearce and Kemp Limited

Unaudited financial statements

For the year ended

31 August 2026

Pearce and Kemp Limited

Statement of financial position

31 August 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5		107,707		94,010

Current assets

Stocks		51,977	64,703
Debtors	6	148,086	153,773
Cash at bank and in hand		65,772	69,555
		---------	---------
		265,835	288,031

Creditors: Amounts falling due within one year	7	( 255,498)		( 231,488)
		---------		---------
Net current assets			10,337		56,543
			---------		---------
Total assets less current liabilities			118,044		150,553

Creditors: Amounts falling due after more than one year	8		( 57,458)		( 48,925)

Provisions

Taxation including deferred tax	( 16,801)	( 6,434)
	---------	---------
Net assets	43,785	95,194
	---------	---------

Capital and reserves

Called up share capital	360	360
Profit and loss account	43,425	94,834
	-------	-------
Shareholders funds	43,785	95,194
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 August 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Pearce and Kemp Limited

Statement of financial position (continued)

31 August 2026

These financial statements were approved by the board of directors and authorised for issue on 15 October 2026 , and are signed on behalf of the board by:

Mrs L Caplin

Director

Company registration number: 01045360

Pearce and Kemp Limited

Notes to the financial statements

Year ended 31 August 2026

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Unit 20 Halesworth Business Centre, Norwich Road, Halesworth, Suffolk, IP19 8QJ, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant, Machinery, Fixtures, Fittings and Equipment	-	10% and 25% straight line
Motor Vehicles	-	25% straight line
Portable Buildings	-	5% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

The company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

4. Employee numbers

The average number of employees during the year was 17 (2025: 18 ).

5. Tangible assets

	Plant, Machinery, Fixtures, Fittings and Equipment	Motor vehicles	Portable Buildings	Total
	£	£	£	£
Cost
At 1 September 2025	66,239	263,485	41,963	371,687
Additions	1,046	45,395	–	46,441
Disposals	–	( 68,925)	–	( 68,925)
	-------	---------	-------	---------
At 31 August 2026	67,285	239,955	41,963	349,203
	-------	---------	-------	---------
Depreciation
At 1 September 2025	61,625	174,090	41,962	277,677
Charge for the year	2,109	30,635	–	32,744
Disposals	–	( 68,925)	–	( 68,925)
	-------	---------	-------	---------
At 31 August 2026	63,734	135,800	41,962	241,496
	-------	---------	-------	---------
Carrying amount
At 31 August 2026	3,551	104,155	1	107,707
	-------	---------	-------	---------
At 31 August 2025	4,614	89,395	1	94,010
	-------	---------	-------	---------

6. Debtors

	2026	2025
	£	£
Trade debtors	133,260	149,050
Other debtors	14,826	4,723
	---------	---------
	148,086	153,773
	---------	---------

7. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	–	12,124
Trade creditors	105,311	135,566
Social security and other taxes	47,223	47,110
Other creditors	102,964	36,688
	---------	---------
	255,498	231,488
	---------	---------

Bank loans and overdrafts are secured by the company.

Hire purchase agreements totalling £30,971 (2025: £17,864) are secured on the assets to which they relate.

8. Creditors: Amounts falling due after more than one year

	2026	2025
	£	£
Other creditors	57,458	48,925
	-------	-------

Bank loans and overdrafts are secured by the company.

Hire purchase agreements totalling £56,102 (2025: £48,925) are secured on the assets to which they relate.

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Later than 1 year and not later than 5 years	8,667	21,667
	------	-------