PALLET BOARDS LIMITED

Company Registration Number:
13756419 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

PALLET BOARDS LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

PALLET BOARDS LIMITED

Company Information

for the Period Ended 30 November 2023




Director: Ian Hulbert
Registered office: 16
Spur Close
Wimborne
England
BH21 2UG
Company Registration Number: 13756419 (England and Wales)

PALLET BOARDS LIMITED

Balance sheet

As at 30 November 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 61,935 39,644
Total fixed assets: 61,935 39,644
Current assets
Stocks: 10,000 10,000
Total current assets: 10,000 10,000
Creditors: amounts falling due within one year: 5 ( 17,400 )
Net current assets (liabilities): ( 7,400 ) 10,000
Total assets less current liabilities: 54,535 49,644
Provision for liabilities: ( 1,999 )
Accruals and deferred income: ( 0 )
Total net assets (liabilities): 52,536 49,644

The notes form part of these financial statements

PALLET BOARDS LIMITED

Balance sheet continued

As at 30 November 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Revaluation reserve: 6 52,535 49,643
Profit and loss account: 0 0
Shareholders funds: 52,536 49,644

For the year ending 30 November 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.

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

This report was approved by the board of directors on 26 August 2024
And Signed On Behalf Of The Board By:

Name: Ian Hulbert
Status: Director

The notes form part of these financial statements

PALLET BOARDS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover represents amounts receivable for goods and services

PALLET BOARDS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 5 3

PALLET BOARDS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 3. Off balance sheet disclosure

    No

PALLET BOARDS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Tangible assets

Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £
At 01 December 2022 20,000 6,950 1,694 11,000 39,644
Additions 22,291 - - - 22,291
Disposals - - - - -
Revaluations - - - - -
Transfers - - - - -
At 30 November 2023 42,291 6,950 1,694 11,000 61,935
Depreciation
At 01 December 2022 - - - - -
Charge for year - - - - -
On disposals - - - - -
Other adjustments - - - - -
At 30 November 2023 - - - - -
Net book value
At 30 November 2023 42,291 6,950 1,694 11,000 61,935
At 30 November 2022 20,000 6,950 1,694 11,000 39,644

Plant and machinery purchased and owned during this period
2 x Large Machines - 1 x Generator - 1 x Sanding Machine

Fixtures and fittings - Saw blades and sanding fittings
Motor Vehicles - 1 x Large Van

PALLET BOARDS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

5.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 17,400
Total 17,400

Cash advance through our website provider. Remittance rate 17% of daily sales

PALLET BOARDS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

6. Revaluation reserve


2023
£
Balance at 01 December 2022 49,643
Surplus or deficit after revaluation 2,892
Balance at 30 November 2023 52,535