Company Registration No. 8964440 (England and Wales)
Tom Palmer Limited
Unaudited accounts
for the year ended 31 March 2024
Tom Palmer Limited
Unaudited accounts
Contents
Tom Palmer Limited
Company Information
for the year ended 31 March 2024
Company Number
8964440 (England and Wales)
Registered Office
2 DOWNAGE
LONDON
NW4 1AA
Accountants
David Meyer FCCA
2 Downage
London
NW4 1AA
Tom Palmer Limited
Statement of financial position
as at 31 March 2024
Tangible assets
18,782
25,042
Cash at bank and in hand
76,125
69,892
Creditors: amounts falling due within one year
(61,050)
(65,243)
Net current assets
25,238
9,705
Called up share capital
100
100
Profit and loss account
43,920
34,647
Shareholders' funds
44,020
34,747
For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2024 and were signed on its behalf by
Thomas Palmer
Director
Company Registration No. 8964440
Tom Palmer Limited
Notes to the Accounts
for the year ended 31 March 2024
Tom Palmer Limited is a private company, limited by shares, registered in England and Wales, registration number 8964440. The registered office is 2 DOWNAGE, LONDON, NW4 1AA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2023
36,489
10,150
46,639
At 31 March 2024
36,489
10,150
46,639
At 1 April 2023
17,157
4,440
21,597
Charge for the year
4,833
1,427
6,260
At 31 March 2024
21,990
5,867
27,857
At 31 March 2024
14,499
4,283
18,782
At 31 March 2023
19,332
5,710
25,042
Tom Palmer Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
10,163
5,056
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
13,908
9,837
Loans from directors
44,555
52,678
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).