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Company Registration No. 14132247 (England and Wales)
1 PALMER LIMITED Unaudited accounts for the period from 25 May 2022 to 30 June 2023
1 PALMER LIMITED Unaudited accounts Contents
Page
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1 PALMER LIMITED Company Information for the period from 25 May 2022 to 30 June 2023
Director
Mr G Hudson
Company Number
14132247 (England and Wales)
Registered Office
35 Goddard Way Tuffley Gloucester GL4 0YA
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1 PALMER LIMITED Statement of financial position as at 30 June 2023
2023 
Notes
£ 
Fixed assets
Investments
15,100 
Creditors: amounts falling due within one year
(20,000)
Net current liabilities
(20,000)
Net liabilities
(4,900)
Capital and reserves
Called up share capital
100 
Profit and loss account
(5,000)
Shareholders' funds
(4,900)
For the period ending 30 June 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 director acknowledges his 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 and authorised for issue on 10 July 2023 and were signed on its behalf by
Mr G Hudson Director Company Registration No. 14132247
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1 PALMER LIMITED Notes to the Accounts for the period from 25 May 2022 to 30 June 2023
1
Statutory information
1 PALMER LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14132247. The registered office is 35 Goddard Way, Tuffley, Gloucester, GL4 0YA.
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 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in shares are included at fair value.
Going concern
Despite having net liabilities of £4,900 (2022 : n/a) at 30 June 2023, the director has reviewed the future cash flows of the company and with his support, has prepared these financial statements on a going concern basis.
4
Investments
Other investments 
£ 
Valuation at 25 May 2022
- 
Additions
20,100 
Fair value adjustments
(5,000)
Valuation at 30 June 2023
15,100 
5
Creditors: amounts falling due within one year
2023 
£ 
Taxes and social security
807 
Loans from directors
19,193 
20,000 
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1 PALMER LIMITED Notes to the Accounts for the period from 25 May 2022 to 30 June 2023
6
Average number of employees
During the period the average number of employees was 1.
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