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A R Pallet Services Limited
Registered Number:11540478
For the year ended 31 July 2022
England and Wales
Report of the Director and Unaudited Financial Statements
2
For the year ended 31 July 2022
A R Pallet Services Limited
Contents Page
Company Information
1
2
Director's Report
3
Independent Accountants' Report
4
Income Statement
5
Statement of Financial Position
6
Statement of Changes in Equity
7 to 8
Notes to the Financial Statements
3
For the year ended 31 July 2022
A R Pallet Services Limited
Company Information
Terence Boreham
Director
Tracy Boreham
Company
Secretary
11540478
Registered Number
1,Manor Cottages
Registered Office
Eastwick
Harlow
Herts
CM20 2QY
A L C Pateman
Accountants
59, Kimpton Close
Hemel Hempstead
Herts
HP2 7PW
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4
For the year ended 31 July 2022
A R Pallet Services Limited
Director's Report
The director presents his report and financial statements for the year ended 31 July 2022.
Principal activities
The principal activity of the company continued to be that of sale of a range of wooden pallets.
Director
The director who served the company throughout the year was as follows:
Terence Boreham
Tracy Boreham Secretary
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Date:
25 August 2022
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5
For the year ended 31 July 2022
A R Pallet Services Limited
Independent Accountants' Report
As described on the Statement of Financial Position you are responsible for the preparation
of the financial statements for the year ended 31 July 2022 and you consider that the
company is exempt from an audit under the Companies Act 2006. In accordance with your
instructions, we have compiled these unaudited financial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and information and
explanations supplied to us.
A L C Pateman
59, Kimpton Close
Hemel Hempstead
Herts
HP2 7PW
Date:
18 August 2022
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6
For the year ended 31 July 2022
A R Pallet Services Limited
Income Statement
2021
£
2022
£
Turnover
325,712
215,834
(136,415)
Cost of sales
(215,709)
79,419
Gross profit
110,003
Administrative expenses
(70,409)
(59,796)
Other operating income
-
4,080
Operating profit
39,594
23,703
39,594
23,703
Profit before taxation
(6,083)
(4,659)
Taxation
33,511
Profit for the financial year
19,044
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7
Registered Number :
11540478
As at 31 July 2022
A R Pallet Services Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
20,343
17,850
2
20,343
17,850
Current assets
Inventories
4,950
6,542
3
Trade and other receivables
1,040
1,995
4
27,316
Cash and cash equivalents
37,808
46,345
33,306
Trade and other payables: amounts falling due
within one year
(31,946)
(63,967)
5
1,360
(17,622)
Net current liabilities
Total assets less current liabilities
2,721
19,210
2,721
Net assets
19,210
Capital and reserves
Called up share capital
100
100
Retained earnings
2,621
19,110
2,721
19,210
Shareholders' funds
For the year ended 31 July 2022 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 of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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 in accordance with the provisions applicable to companies subject to the small companies regime.
Terence Boreham
These financial statements were approved and authorised for issue by the Board on 25 August 2022 and were signed by:
The notes form part of these financial statements
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For the year ended 31 July 2022
A R Pallet Services Limited
Statement of Changes in Equity
Share
Capital
Retained
earnings
Total
£
£
£
Balance at 01 August 2020
100
18,066
18,166
19,044
19,044
Profit/Loss for the year
Dividends
(18,000)
(18,000)
Balance at 31 July 2021 and 01 August 2021
19,210
19,110
100
33,511
33,511
Profit/Loss for the year
Dividends
(50,000)
(50,000)
Balance at 31 July 2022
100
2,621
2,721
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For the year ended 31 July 2022
A R Pallet Services Limited
Notes to the Financial Statements
Statutory Information
A R Pallet Services Limited is a private limited company, limited by shares, domiciled in
England and Wales, registration number 11540478.
Registered address:
1,Manor Cottages
Eastwick
Harlow
Herts
CM20 2QY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
2. Property, plant and equipment
Plant and
Machinery
£
Cost or
valuation
At 01 August 2021
30,229
7,578
Additions
At 31 July 2022
37,807
Provision for depreciation and impair
ment
At 01 August 2021
12,379
Charge for year
5,085
At 31 July 2022
17,464
At 31 July 2022
Net book value
20,343
At 31 July 2021
17,850
3. Inventories
2021
2022
£
£
Stocks
6,542
4,950
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For the year ended 31 July 2022
A R Pallet Services Limited
Notes to the Financial Statements Continued
4. Trade and other receivables
2021
2022
£
£
Trade debtors
1,995
1,040
5. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Bank loans and overdraft
17,547
19,764
Taxation and social security
22,529
11,168
Other creditors
23,891
1,014
63,967
31,946
6. Average number of persons employed
During the year the average number of employees was 2 (2021 : 2)
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