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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
Page
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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
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A.J. & R.PALMER LIMITED Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
32,601 
41,409 
Current assets
Inventories
19,672 
22,320 
Debtors
58,370 
64,531 
Cash at bank and in hand
343,220 
225,411 
421,262 
312,262 
Creditors: amounts falling due within one year
(89,741)
(86,976)
Net current assets
331,521 
225,286 
Net assets
364,122 
266,695 
Capital and reserves
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
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A.J. & R.PALMER LIMITED Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
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.
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 
Depreciation
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 
Net book value
At 30 April 2024
- 
2,825 
29,776 
32,601 
At 30 April 2023
- 
4,189 
37,220 
41,409 
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A.J. & R.PALMER LIMITED Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
5,706 
8,798 
Trade debtors
44,696 
46,274 
Accrued income and prepayments
1,088 
1,088 
Other debtors
6,880 
8,371 
58,370 
64,531 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
26,608 
49,387 
Taxes and social security
59,159 
33,615 
Accruals
3,974 
3,974 
89,741 
86,976 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
R Palmer
Short term loan
4,185 
3,440 
4,185 
3,440 
A J Palmer
Short term loan
4,186 
3,440 
4,186 
3,440 
8,371 
6,880 
8,371 
6,880 
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).
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