PALM BEACH MANUFACTURING CO. LIMITED

Company Registration Number:
01536909 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

PALM BEACH MANUFACTURING CO. LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

PALM BEACH MANUFACTURING CO. LIMITED

Balance sheet

As at 30 June 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 114,757 22,118
Total fixed assets: 114,757 22,118
Current assets
Debtors:   455,345 1,402,256
Cash at bank and in hand: 1,274,113 257,244
Total current assets: 1,729,458 1,659,500
Creditors: amounts falling due within one year:   (420,945) (427,201)
Net current assets (liabilities): 1,308,513 1,232,299
Total assets less current liabilities: 1,423,270 1,254,417
Provision for liabilities: (4,202) (4,202)
Total net assets (liabilities): 1,419,068 1,250,215
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,418,968 1,250,115
Shareholders funds: 1,419,068 1,250,215

The notes form part of these financial statements

PALM BEACH MANUFACTURING CO. LIMITED

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 September 2023
and signed on behalf of the board by:

Name: USMAAN AHMED
Status: Director

The notes form part of these financial statements

PALM BEACH MANUFACTURING CO. LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

PALM BEACH MANUFACTURING CO. LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 2022
Average number of employees during the period 8 7

PALM BEACH MANUFACTURING CO. LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible Assets

Total
Cost £
At 01 July 2022 85,329
Additions 124,028
At 30 June 2023 209,357
Depreciation
At 01 July 2022 63,211
Charge for year 31,389
At 30 June 2023 94,600
Net book value
At 30 June 2023 114,757
At 30 June 2022 22,118