Pearce Building Surveying and Consultancy Limited - Period Ending 2018-09-30

Registration number: 04826710

Pearce Building Surveying and Consultancy Limited

Unaudited Financial Statements

for the Year Ended 30 September 2018

Pearce Building Surveying and Consultancy Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 3

Pearce Building Surveying and Consultancy Limited

(Registration number: 04826710)
Balance Sheet as at 30 September 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	4	214	426
Current assets
Debtors	5	6,900	11,523
Cash at bank and in hand		18,267	25,888
		25,167	37,411
Creditors: Amounts falling due within one year	6	(11,928)	(20,392)
Net current assets		13,239	17,019
Net assets		13,453	17,445
Capital and reserves
Called up share capital		4	4
Profit and loss account		13,449	17,441
Shareholders' funds		13,453	17,445

For the financial year ending 30 September 2018 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 31 October 2018 and signed on its behalf by:
 

.........................................

Mr M S Pearce
Director

The notes on pages 2 to 3 form an integral part of these financial statements.

Page 1

Pearce Building Surveying and Consultancy Limited

Notes to the Financial Statements for the Year Ended 30 September 2018

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
1a Penn Road
Hazlemere
High Wycombe
Bucks
HP15 7LN

These financial statements were authorised for issue by the Board on 31 October 2018.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% straight line basis
Fixtures and fittings	25% straight line basis
Office equipment	25% straight line basis

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2017 - 2).

Page 2

Pearce Building Surveying and Consultancy Limited

Notes to the Financial Statements for the Year Ended 30 September 2018

4	Tangible assets

	Furniture, fittings and equipment  £	Other property, plant and equipment  £	Total £
Cost
At 1 October 2017	11,200	5,774	16,974
At 30 September 2018	11,200	5,774	16,974
Depreciation
At 1 October 2017	10,774	5,774	16,548
Charge for the year	212	-	212
At 30 September 2018	10,986	5,774	16,760
Net book value
At 30 September 2018	214	-	214
At 30 September 2017	426	-	426

5

Debtors

	2018 £	2017 £
Trade debtors	3,275	8,096
Prepayments	3,625	3,427
	6,900	11,523

6

Creditors

Creditors: amounts falling due within one year

	Note	2018 £	2017 £
Trade creditors		493	690
Taxation and social security		3,689	5,779
Corporation tax		6,710	12,544
Other creditors		1,036	1,379
		11,928	20,392

Page 3