JAMIE PALMER ARCHITECTURAL DESIGN SERVICES LTD

Company Registration Number:
13477571 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

JAMIE PALMER ARCHITECTURAL DESIGN SERVICES LTD

Contents of the Financial Statements

for the Period Ended 30 June 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 10

JAMIE PALMER ARCHITECTURAL DESIGN SERVICES LTD

Company Information

for the Period Ended 30 June 2024




Director: J Palmer
Registered office: 131a
Brook Street
Soham
Ely
England
CB7 5AE
Company Registration Number: 13477571 (England and Wales)

JAMIE PALMER ARCHITECTURAL DESIGN SERVICES LTD

Balance sheet

As at 30 June 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 5,987 5,494
Total fixed assets: 5,987 5,494
Current assets
Debtors: 5 431 12,396
Cash at bank and in hand: 1,200 6,100
Total current assets: 1,631 18,496
Creditors: amounts falling due within one year: 6 ( 5,992 ) ( 12,894 )
Net current assets (liabilities): ( 4,361 ) 5,602
Total assets less current liabilities: 1,626 11,096
Provision for liabilities: ( 1,497 ) ( 1,374 )
Total net assets (liabilities): 129 9,722

The notes form part of these financial statements

JAMIE PALMER ARCHITECTURAL DESIGN SERVICES LTD

Balance sheet continued

As at 30 June 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 29 9,622
Shareholders funds: 129 9,722

For the year ending 30 June 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 7 March 2025
And Signed On Behalf Of The Board By:

Name: J Palmer
Status: Director

The notes form part of these financial statements

JAMIE PALMER ARCHITECTURAL DESIGN SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

    Rendering of services

    Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
    - the amount of revenue can be measured reliably;
    - it is probable that the Company will receive the consideration due under the contract;
    - the stage of completion of the contract at the end of the reporting period can be measured reliably; and
    - the costs incurred and the costs to complete the contract can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

    Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

    Fixtures and fittings - 15%
    Office equipment - 33%

JAMIE PALMER ARCHITECTURAL DESIGN SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies (continued)

    Other accounting policies

    Debtors Short-term debtors are measured at transaction price, less any impairment. Cash and cash equivalents Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. Creditors Short-term creditors are measured at the transaction price. Current and deferred taxation The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Dividends Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

JAMIE PALMER ARCHITECTURAL DESIGN SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 1

JAMIE PALMER ARCHITECTURAL DESIGN SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 3. Off balance sheet disclosure

    No

JAMIE PALMER ARCHITECTURAL DESIGN SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Tangible assets

Fixtures & fittings Office equipment Total
Cost £ £ £
At 01 July 2023 3,561 5,666 9,227
Additions - 1,877 1,877
Disposals - - -
Revaluations - - -
Transfers - - -
At 30 June 2024 3,561 7,543 11,104
Depreciation
At 01 July 2023 610 3,123 3,733
Charge for year 442 942 1,384
On disposals - - -
Other adjustments - - -
At 30 June 2024 1,052 4,065 5,117
Net book value
At 30 June 2024 2,509 3,478 5,987
At 30 June 2023 2,951 2,543 5,494

JAMIE PALMER ARCHITECTURAL DESIGN SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Debtors


2024
£

2023
£
Other debtors 431 12,396
Total 431 12,396

JAMIE PALMER ARCHITECTURAL DESIGN SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Taxation and social security 5,992 12,894
Total 5,992 12,894

JAMIE PALMER ARCHITECTURAL DESIGN SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

7.1.Related party disclosures

Name of related party: J Palmer
Description of relationship:
Director of the company
Description of the transaction:
During the year the company operated a loan account with Mr J Palmer.
Balance at 01 July 2023 12,396
Balance at 30 June 2024 431

Name of related party: J Palmer
Description of relationship:
Director of the company
Description of the transaction:
During the year the company paid dividends of £31,250 (2023 - £53,400) to the director of the company.
Balance at 01 July 2023 0
Balance at 30 June 2024 0