Company Registration No. 1708324 (England and Wales)
A.J. & R.PALMER LIMITED
Unaudited accounts
for the year ended 30 April 2024
A.J. & R.PALMER LIMITED
Unaudited accounts
Contents
A.J. & R.PALMER LIMITED
Company Information
for the year ended 30 April 2024
Directors
R Palmer
A J Palmer
Company Number
1708324 (England and Wales)
Registered Office
LLOYDS BANK CHAMBERS
CREDITON
DEVON
EX17 3AH
A.J. & R.PALMER LIMITED
Statement of financial position
as at 30 April 2024
Tangible assets
32,601
41,409
Cash at bank and in hand
343,220
225,411
Creditors: amounts falling due within one year
(89,741)
(86,976)
Net current assets
331,521
225,286
Net assets
364,122
266,695
Called up share capital
2
2
Profit and loss account
364,120
266,693
Shareholders' funds
364,122
266,695
For the year ending 30 April 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 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.
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 of Directors and authorised for issue on 7 June 2024 and were signed on its behalf by
A J Palmer
Director
Company Registration No. 1708324
A.J. & R.PALMER LIMITED
Notes to the Accounts
for the year ended 30 April 2024
A.J. & R.PALMER LIMITED is a private company, limited by shares, registered in England and Wales, registration number 1708324. The registered office is LLOYDS BANK CHAMBERS, CREDITON, DEVON, EX17 3AH.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over 5 years on cost
Plant & machinery
33% reducing balance
Motor vehicles
20% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
12,389
124,262
84,255
220,906
At 30 April 2024
12,389
124,262
84,255
220,906
At 1 May 2023
12,389
120,073
47,035
179,497
Charge for the year
-
1,364
7,444
8,808
At 30 April 2024
12,389
121,437
54,479
188,305
At 30 April 2024
-
2,825
29,776
32,601
At 30 April 2023
-
4,189
37,220
41,409
A.J. & R.PALMER LIMITED
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
44,696
46,274
Accrued income and prepayments
1,088
1,088
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
26,608
49,387
Taxes and social security
59,159
33,615
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Short term loan
4,185
3,440
4,185
3,440
Short term loan
4,186
3,440
4,186
3,440
Loans repaid within 9 months of the year end
8
Average number of employees
During the year the average number of employees was 12 (2023: 13).