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A R Pallet Services Limited
Registered Number:11540478
For the year ended 31 July 2024
England and Wales
Report of the Director and Unaudited Financial Statements
2
For the year ended 31 July 2024
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 9
Notes to the Financial Statements
3
For the year ended 31 July 2024
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 2024
A R Pallet Services Limited
Director's Report
The director presents his report and financial statements for the year ended 31 July 2024.
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:
10 August 2024
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5
For the year ended 31 July 2024
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 2024 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:
09 August 2024
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6
For the year ended 31 July 2024
A R Pallet Services Limited
Income Statement
2023
£
2024
£
Turnover
526,533
613,705
(455,436)
Cost of sales
(412,730)
158,269
Gross profit
113,803
Administrative expenses
(81,975)
(64,383)
Operating profit
31,828
93,886
Interest payable and similar charges
(743)
-
31,085
93,886
Profit before taxation
(4,162)
(7,346)
Taxation
26,923
Profit for the financial year
86,540
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7
Registered Number :
11540478
As at 31 July 2024
A R Pallet Services Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
97,591
72,841
2
97,591
72,841
Current assets
Inventories
2,776
7,894
3
Trade and other receivables
1,050
6,100
4
26,111
Cash and cash equivalents
21,709
35,703
29,937
Trade and other payables: amounts falling due
within one year
(63,517)
(68,230)
5
(33,580)
(32,527)
Net current liabilities
Total assets less current liabilities
65,064
39,261
Trade and other payables: amounts falling due
after more than one year
-
(28,880)
6
36,184
Net assets
39,261
Capital and reserves
Called up share capital
100
100
Retained earnings
36,084
39,161
36,184
39,261
Shareholders' funds
For the year ended 31 July 2024 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 2024 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.
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8
Registered Number :
11540478
For the year ended 31 July 2024
A R Pallet Services Limited
Statement of Financial Position Continued
Terence Boreham
These financial statements were approved and authorised for issue by the Board on 10 August 2024 and were signed by:
The notes form part of these financial statements
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9
For the year ended 31 July 2024
A R Pallet Services Limited
Statement of Changes in Equity
Share
Capital
Retained
earnings
Total
£
£
£
Balance at 01 August 2022
100
2,621
2,721
86,540
86,540
Profit/Loss for the year
Dividends
(50,000)
(50,000)
Balance at 31 July 2023 and 01 August 2023
39,261
39,161
100
26,923
26,923
Profit/Loss for the year
Dividends
(30,000)
(30,000)
Balance at 31 July 2024
100
36,084
36,184
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10
For the year ended 31 July 2024
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
Total
Motor
Vehicles
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 August 2023
108,878
33,600
75,278
54,674
54,674
-
Additions
(33,600)
-
Disposals
(33,600)
At 31 July 2024
75,278
54,674
129,952
Provision for depreciation and impair
ment
At 01 August 2023
36,037
6,410
29,627
Charge for year
2,734
2,734
-
(6,410)
(6,410)
-
On disposal
At 31 July 2024
32,361
2,734
29,627
At 31 July 2024
Net book value
45,651
51,940
97,591
At 31 July 2023
45,651
27,190
72,841
3. Inventories
2023
2024
£
£
Stocks
7,894
2,776
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11
For the year ended 31 July 2024
A R Pallet Services Limited
Notes to the Financial Statements Continued
4. Trade and other receivables
2023
2024
£
£
Trade debtors
6,100
1,050
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
18,718
16,074
Other creditors
49,512
47,443
68,230
63,517
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
28,880
-
7. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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