PEARSON WEALTH MANAGEMENT LTD

PEARSON WEALTH MANAGEMENT LTD

PEARSON WEALTH MANAGEMENT LTD - Company Information

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1 August 2022 false No description of principal activity Taxfiler 2023.9 11533720business:PrivateLimitedCompanyLtd2022-08-012023-07-31 115337202022-07-31 115337202022-08-012023-07-31 11533720business:AuditExemptWithAccountantsReport2022-08-012023-07-31 11533720business:FilletedAccounts2022-08-012023-07-31 115337202023-07-31 11533720business:Director12022-08-012023-07-31 11533720business:Director22022-08-012023-07-31 11533720business:RegisteredOffice2022-08-012023-07-31 115337202022-07-31 11533720core:WithinOneYear2023-07-31 11533720core:WithinOneYear2022-07-31 11533720core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 11533720core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 11533720core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 11533720core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 11533720core:PreviouslyStatedAmount2023-07-31 11533720core:PreviouslyStatedAmount2022-07-31 11533720business:SmallEntities2022-08-012023-07-31 11533720countries:EnglandWales2022-08-012023-07-31 11533720core:MotorVehicles2022-08-012023-07-31 11533720core:FurnitureFittings2022-08-012023-07-31 11533720core:ComputerEquipment2022-08-012023-07-31 11533720core:MotorVehicles2022-07-31 11533720core:FurnitureFittings2022-07-31 11533720core:ComputerEquipment2022-07-31 11533720core:MotorVehicles2023-07-31 11533720core:FurnitureFittings2023-07-31 11533720core:ComputerEquipment2023-07-31 115337202021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. 11533720 (England and Wales)
PEARSON WEALTH MANAGEMENT LTD Unaudited accounts for the year ended 31 July 2023
PEARSON WEALTH MANAGEMENT LTD Unaudited accounts Contents
Page
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PEARSON WEALTH MANAGEMENT LTD Company Information for the year ended 31 July 2023
Directors
Adrian John Keith Suzanne Pyne
Company Number
11533720 (England and Wales)
Registered Office
11 JUDITH AVENUE KNODISHALL SAXMUNDHAM SUFFOLK IP17 1UY UNITED KINGDOM
Accountants
MBS Accountancy Services Ltd Garden House, 11 Judith Avenue Knodishall SAXMUNDHAM Suffolk IP17 1UY
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PEARSON WEALTH MANAGEMENT LTD Accountants' report
Accountants' report to the board of directors of PEARSON WEALTH MANAGEMENT LTD (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 July 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 July 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
MBS Accountancy Services Ltd Garden House, 11 Judith Avenue Knodishall SAXMUNDHAM Suffolk IP17 1UY 6 October 2023
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PEARSON WEALTH MANAGEMENT LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
20,535 
54,093 
Current assets
Debtors
5
212,815 
220,711 
Cash at bank and in hand
32,651 
55,231 
245,466 
275,942 
Creditors: amounts falling due within one year
6
(112,621)
(120,669)
Net current assets
132,845 
155,273 
Total assets less current liabilities
153,380 
209,366 
Provisions for liabilities
Deferred tax
- 
(3,396)
Net assets
153,380 
205,970 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
153,378 
205,968 
Shareholders' funds
153,380 
205,970 
For the year ending 31 July 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by
Suzanne Pyne Director Company Registration No. 11533720
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PEARSON WEALTH MANAGEMENT LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
PEARSON WEALTH MANAGEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 11533720. The registered office is 11 JUDITH AVENUE, KNODISHALL, SAXMUNDHAM, SUFFOLK, IP17 1UY, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
129,478 
2,109 
59,314 
190,901 
At 31 July 2023
129,478 
2,109 
59,314 
190,901 
Depreciation
At 1 August 2022
97,110 
2,108 
37,590 
136,808 
Charge for the year
32,369 
- 
1,189 
33,558 
At 31 July 2023
129,479 
2,108 
38,779 
170,366 
Net book value
At 31 July 2023
(1)
1 
20,535 
20,535 
At 31 July 2022
32,368 
1 
21,724 
54,093 
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PEARSON WEALTH MANAGEMENT LTD Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,500 
5,611 
Amounts due from group undertakings etc.
204,315 
215,100 
212,815 
220,711 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
28,210 
38,333 
Amounts owed to group undertakings and other participating interests
35,745 
- 
Taxes and social security
45,174 
76,103 
Other creditors
- 
1,857 
Loans from directors
920 
920 
Accruals
2,572 
3,456 
112,621 
120,669 
7
Controlling party
Bohannan Holdings Ltd Tuddenham Hall Estate Office Tuddenham Hall Tuddenham IPSWICH IP6 9DD
8
Average number of employees
During the year the average number of employees was 17 (2022: 18).
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