2023-05-012024-04-302024-04-30false14061032GREGORY PALMER DEVELOPMENTS 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GREGORY PALMER DEVELOPMENTS LTD

Registered Number
14061032
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

GREGORY PALMER DEVELOPMENTS LTD
Company Information
for the year from 1 May 2023 to 30 April 2024

Directors

GREGORY, Steven
PALMER, Gary James
PALMER, Michael James

Registered Address

2 Ashtead Close
Clacton-On-Sea
CO16 8YZ

Registered Number

14061032 (England and Wales)
GREGORY PALMER DEVELOPMENTS LTD
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3360,611319,019
360,611319,019
Current assets
Debtors9,050-
Cash at bank and on hand16,72322,025
25,77322,025
Creditors amounts falling due within one year(858,687)(282,698)
Net current assets (liabilities)(832,914)(260,673)
Total assets less current liabilities(472,303)58,346
Creditors amounts falling due after one year(51,460)(232,019)
Net assets(523,763)(173,673)
Capital and reserves
Called up share capital33
Profit and loss account(523,766)(173,676)
Shareholders' funds(523,763)(173,673)
The financial statements were approved and authorised for issue by the Board of Directors on 22 October 2024, and are signed on its behalf by:
GREGORY, Steven
Director
Registered Company No. 14061032
GREGORY PALMER DEVELOPMENTS LTD
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 May 23319,019
Additions46,544
At 30 April 24365,563
Depreciation and impairment
Charge for year4,952
At 30 April 244,952
Net book value
At 30 April 24360,611
At 30 April 23319,019