Pearson Design & Print Ltd - Accounts to registrar (filleted) - small 18.2

Pearson Design & Print Ltd - Accounts to registrar (filleted) - small 18.2

PEARSON DESIGN & PRINT LTD - Company Information

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REGISTERED NUMBER: 07255765 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2021

for

PEARSON DESIGN & PRINT LTD
PEARSON DESIGN & PRINT LTD (REGISTERED NUMBER: 07255765)






Contents of the Financial Statements
for the Year Ended 31 March 2021




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 6

PEARSON DESIGN & PRINT LTD

Company Information
for the Year Ended 31 March 2021







DIRECTOR: D Pearson





REGISTERED OFFICE: 43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH





REGISTERED NUMBER: 07255765 (England and Wales)





ACCOUNTANTS: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH
Page 1
PEARSON DESIGN & PRINT LTD (REGISTERED NUMBER: 07255765)

Abridged Balance Sheet
31 March 2021

31/3/21 31/3/20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85,038 85,274

CURRENT ASSETS
Debtors 9,000 9,000
Cash at bank and in hand 1,034 891
10,034 9,891
CREDITORS
Amounts falling due within one year 52,454 45,295
NET CURRENT LIABILITIES (42,420 ) (35,404 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
42,618
49,870

CREDITORS
Amounts falling due after more than one
year
5
58,477
59,839
NET LIABILITIES (15,859 ) (9,969 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (15,959 ) (10,069 )
SHAREHOLDERS' FUNDS (15,859 ) (9,969 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
PEARSON DESIGN & PRINT LTD (REGISTERED NUMBER: 07255765)

Abridged Balance Sheet - continued
31 March 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 December 2021 and were signed by:





D Pearson - Director


The notes form part of these financial statements

Page 3
PEARSON DESIGN & PRINT LTD (REGISTERED NUMBER: 07255765)

Notes to the Financial Statements
for the Year Ended 31 March 2021

1. STATUTORY INFORMATION

Pearson Design & Print Ltd 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.

The financial statements have been prepared on the going concern basis of accounting. At the balance sheet date the company's liabilities exceeded its assets by £15,859, the director have confirmed that support will continue to be provided to the company as and when required.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company receives the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

No depreciation has been provided on freehold property in the financial statements. The property is in the process of being brought into use and depreciation will commence at that time.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

Page 4 continued...
PEARSON DESIGN & PRINT LTD (REGISTERED NUMBER: 07255765)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2021

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2020
and 31 March 2021 94,549
DEPRECIATION
At 1 April 2020 9,275
Charge for year 236
At 31 March 2021 9,511
NET BOOK VALUE
At 31 March 2021 85,038
At 31 March 2020 85,274

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31/3/21 31/3/20
£    £   
Repayable by instalments
Bank loans - 51,666

6. SECURED DEBTS

The following secured debts are included within creditors:

31/3/21 31/3/20
£    £   
Bank loans 60,622 61,645

The bank loan is secured over the property to which it relates.

Page 5
Accountants' Report to the Director
on the Unaudited Financial Statements of
Pearson Design & Print Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pearson Design & Print Ltd for the year ended 31 March 2021 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Pearson Design & Print Ltd in accordance with the terms of our engagement letter dated 22 May 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Pearson Design & Print Ltd and state those matters that we have agreed to state to the director of Pearson Design & Print Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Pearson Design & Print Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Pearson Design & Print Ltd. You consider that Pearson Design & Print Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pearson Design & Print Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


6 December 2021

This page does not form part of the statutory financial statements

Page 6