2023-04-06 05087036 2024-04-05 05087036 2023-04-06 2024-04-05 05087036 2023-04-05 05087036 2022-04-06 2023-04-05 05087036 uk-core:WithinOneYear 2023-04-05 05087036 uk-core:WithinOneYear 2024-04-05 05087036 uk-core:ShareCapital 2024-04-05 05087036 uk-core:ShareCapital 2023-04-05 05087036 uk-core:RetainedEarningsAccumulatedLosses 2024-04-05 05087036 uk-core:RetainedEarningsAccumulatedLosses 2023-04-05 05087036 uk-bus:Director1 2023-04-06 2024-04-05 05087036 uk-core:Vehicles 2023-04-05 05087036 uk-core:FurnitureFittingsToolsEquipment 2023-04-05 05087036 uk-core:Buildings 2023-04-05 05087036 uk-core:Vehicles 2023-04-06 2024-04-05 05087036 uk-core:FurnitureFittingsToolsEquipment 2023-04-06 2024-04-05 05087036 uk-core:Buildings 2023-04-06 2024-04-05 05087036 uk-core:Buildings 2024-04-05 05087036 uk-core:FurnitureFittingsToolsEquipment 2024-04-05 05087036 uk-core:Vehicles 2024-04-05 iso4217:GBP xbrli:pure 05087036 uk-bus:AuditExemptWithAccountantsReport 2023-04-06 2024-04-05 05087036 uk-bus:FRS102 2023-04-06 2024-04-05 05087036 uk-bus:FilletedAccounts 2023-04-06 2024-04-05 05087036 uk-bus:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05
Palermo Construction Limited
Registered Number:05087036
For the year ended 05 April 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 05 April 2024
Palermo Construction Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
05087036
As at 05 April 2024
Palermo Construction Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
2,204,371
1,845,792
2
2,204,371
1,845,792
Current assets
Trade and other receivables
249,058
268,661
3
676,651
Cash and cash equivalents
737,008
1,005,669
925,709
Trade and other payables: amounts falling due within one
year
(260,836)
(388,578)
4
664,873
617,091
Net current assets
Total assets less current liabilities
2,821,462
2,510,665
2,821,462
Net assets
2,510,665
Capital and reserves
Called up share capital
103
103
Retained earnings
2,821,359
2,510,562
2,821,462
2,510,665
Shareholders' funds
For the year ended 05 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 of its financial statements for the year ended 05 April 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Adrian Housley Director
These financial statements were approved and authorised for issue by the Board on 22 August 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 05 April 2024
Palermo Construction Limited
Notes to the Financial Statements
Statutory Information
Palermo Construction Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05087036.
Registered address:
12 Palermo Drive, Weston Park
Longton
Stoke On Trent
Staffordshire
ST3 5YP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Motor
Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
Cost or
valuation
At 06 April 2023
1,879,757
37,104
9,981
1,832,672
374,150
49,156
-
324,994
Additions
At 05 April 2024
2,157,666
9,981
86,260
2,253,907
Provision for depreciation and impairment
At 06 April 2023
33,965
25,364
8,601
-
Charge for year
15,571
15,226
345
-
At 05 April 2024
49,536
40,590
8,946
-
At 05 April 2024
Net book value
2,157,666
1,035
45,670
2,204,371
At 05 April 2023
1,832,672
1,380
11,740
1,845,792
3. Trade and other receivables
2023
2024
£
£
Trade debtors
157,811
183,208
Other debtors
110,850
65,850
249,058
268,661
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5
For the year ended 05 April 2024
Palermo Construction Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
225,544
176,490
Taxation and social security
132,057
84,283
Directors' loan accounts
1,062
63
Obligations under HP/Financial leases
29,915
-
388,578
260,836
5. Average number of persons employed
During the year the average number of employees was 4 (2023 : 4)
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