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REGISTERED NUMBER: 01809993 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

AFRICAN PALMS LIMITED

AFRICAN PALMS LIMITED (REGISTERED NUMBER: 01809993)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AFRICAN PALMS LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: Mr J P Talbot
Ms S Hitchcock





SECRETARY: Mr J P Talbot





REGISTERED OFFICE: Equinox House
Clifton Park Avenue
Shipton Road
York
YO30 5PA





REGISTERED NUMBER: 01809993 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

AFRICAN PALMS LIMITED (REGISTERED NUMBER: 01809993)

BALANCE SHEET
31 December 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 439 194

CURRENT ASSETS
Stocks 132,256 143,509
Debtors 5 3,762 4,207
Cash at bank 11,209 19,922
147,227 167,638
CREDITORS
Amounts falling due within one year 6 134,805 136,645
NET CURRENT ASSETS 12,422 30,993
TOTAL ASSETS LESS CURRENT LIABILITIES 12,861 31,187

CREDITORS
Amounts falling due after more than
one year

7

11,813

19,913
NET ASSETS 1,048 11,274

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 1,046 11,272
SHAREHOLDERS' FUNDS 1,048 11,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

AFRICAN PALMS LIMITED (REGISTERED NUMBER: 01809993)

BALANCE SHEET - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





Mr J P Talbot - Director


AFRICAN PALMS LIMITED (REGISTERED NUMBER: 01809993)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

African Palms Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

AFRICAN PALMS LIMITED (REGISTERED NUMBER: 01809993)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 16,063 9,805 3,269 29,137
Additions - - 585 585
Disposals (16,063 ) (2,961 ) (2,854 ) (21,878 )
At 31 December 2023 - 6,844 1,000 7,844
DEPRECIATION
At 1 January 2023 15,973 9,805 3,165 28,943
Charge for year - - 250 250
Eliminated on disposal (15,973 ) (2,961 ) (2,854 ) (21,788 )
At 31 December 2023 - 6,844 561 7,405
NET BOOK VALUE
At 31 December 2023 - - 439 439
At 31 December 2022 90 - 104 194

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 156 1,130
Other debtors 3,606 3,077
3,762 4,207

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loan 8,113 7,913
Trade creditors 2,633 4,685
Taxation and social security 2,137 2,176
Other creditors 121,922 121,871
134,805 136,645

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
as restated
£    £   
Bank loans 11,813 19,913

AFRICAN PALMS LIMITED (REGISTERED NUMBER: 01809993)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: as
restated
£    £   
2 Ordinary 1 2 2

9. TRANSACTIONS WITH RELATED PARTIES

The entire issued share capital of the company is owned by The African Palms Association, a registered charity in England & Wales (number 291988).

A loan exists between the company and The African Palms Association. At the year-end, the balance owed to the charity was £119,986. Interest was charged on the loan in the year totalling £2,724.