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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
Page
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Tom Palmer Limited Company Information for the year ended 31 March 2024
Director
Thomas Palmer
Company Number
8964440 (England and Wales)
Registered Office
2 DOWNAGE LONDON NW4 1AA
Accountants
David Meyer FCCA 2 Downage London NW4 1AA
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Tom Palmer Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,782 
25,042 
Current assets
Debtors
10,163 
5,056 
Cash at bank and in hand
76,125 
69,892 
86,288 
74,948 
Creditors: amounts falling due within one year
(61,050)
(65,243)
Net current assets
25,238 
9,705 
Net assets
44,020 
34,747 
Capital and reserves
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
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Tom Palmer Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
Depreciation
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 
Net book value
At 31 March 2024
14,499 
4,283 
18,782 
At 31 March 2023
19,332 
5,710 
25,042 
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Tom Palmer Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,163 
5,056 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,587 
2,728 
Taxes and social security
13,908 
9,837 
Loans from directors
44,555 
52,678 
61,050 
65,243 
7
Share capital
2024 
2023 
£ 
£ 
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).
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