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REGISTERED NUMBER: 04611244 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

John Pallister Limited

John Pallister Limited (Registered number: 04611244)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


John Pallister Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr R Pallister
Mrs C J Johnson





SECRETARY: Mr R Pallister





REGISTERED OFFICE: The Coach House
28 Duck Street
Clitheroe
Lancashire
BB7 1LP





REGISTERED NUMBER: 04611244 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

John Pallister Limited (Registered number: 04611244)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,097 900

CURRENT ASSETS
Debtors 5 31,247 26,972
Cash at bank and in hand 274,734 285,054
305,981 312,026
CREDITORS
Amounts falling due within one year 6 265,924 271,864
NET CURRENT ASSETS 40,057 40,162
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,154

41,062

PROVISIONS FOR LIABILITIES 8 217 171
NET ASSETS 40,937 40,891

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 40,737 40,691
SHAREHOLDERS' FUNDS 40,937 40,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

John Pallister Limited (Registered number: 04611244)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:




Mr R Pallister - Director



Mrs C J Johnson - Director


John Pallister Limited (Registered number: 04611244)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

John Pallister 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 represents net invoiced sales of services, excluding value added tax.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

John Pallister Limited (Registered number: 04611244)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 1,267 7,677 4,696 13,640
Additions - - 751 751
Disposals - - (1,378 ) (1,378 )
At 31 March 2024 1,267 7,677 4,069 13,013
DEPRECIATION
At 1 April 2023 1,159 7,081 4,500 12,740
Charge for year 17 90 447 554
Eliminated on disposal - - (1,378 ) (1,378 )
At 31 March 2024 1,176 7,171 3,569 11,916
NET BOOK VALUE
At 31 March 2024 91 506 500 1,097
At 31 March 2023 108 596 196 900

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 24,285 22,420
Other debtors 290 398
Tax - 317
Prepayments 6,672 3,837
31,247 26,972

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 77,309 58,793
Corporation tax 10,980 14,662
VAT 4,028 3,717
Other creditors 16,561 24,442
Directors' current accounts 153,102 167,485
Accrued expenses 3,944 2,765
265,924 271,864

John Pallister Limited (Registered number: 04611244)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 540 540
Between one and five years 1,485 2,025
2,025 2,565

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 217 171

Deferred
tax
£   
Balance at 1 April 2023 171
Provided during year 46
Balance at 31 March 2024 217

9. CONTROL

There is no ultimate controlling party.