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REGISTERED NUMBER: 01797514 (England and Wales)















CENTRAL PALLET COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






CENTRAL PALLET COMPANY LIMITED (REGISTERED NUMBER: 01797514)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CENTRAL PALLET COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 31 JULY 2024







DIRECTOR: A Kent





SECRETARY: Mrs F A Kent





REGISTERED OFFICE: 36 - 44 Lower Dartmouth Street
Bordesley
Birmingham
West Midlands
B9 4LG





REGISTERED NUMBER: 01797514 (England and Wales)





ACCOUNTANTS: Wallace Crooke
Chartered Accountants
College House
St. Leonards Close
Bridgnorth
Shropshire
WV16 4EJ

CENTRAL PALLET COMPANY LIMITED (REGISTERED NUMBER: 01797514)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,018 91,523

CURRENT ASSETS
Stocks 10,292 9,972
Debtors 5 123,080 119,297
Cash at bank and in hand 92,298 107,920
225,670 237,189
CREDITORS
Amounts falling due within one year 6 104,714 114,677
NET CURRENT ASSETS 120,956 122,512
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,974

214,035

CREDITORS
Amounts falling due after more than one
year

7

6,900

14,894
NET ASSETS 207,074 199,141

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 207,072 199,139
SHAREHOLDERS' FUNDS 207,074 199,141

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CENTRAL PALLET COMPANY LIMITED (REGISTERED NUMBER: 01797514)

BALANCE SHEET - continued
31 JULY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 March 2025 and were signed by:





A Kent - Director


CENTRAL PALLET COMPANY LIMITED (REGISTERED NUMBER: 01797514)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JULY 2024

1. STATUTORY INFORMATION

Central Pallet Company 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and equipment - 15% on reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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 8 (2023 - 8 ) .

CENTRAL PALLET COMPANY LIMITED (REGISTERED NUMBER: 01797514)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property equipment fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2023 137,641 56,645 10,813 15,500 220,599
Additions - - - 9,000 9,000
Disposals - - - (4,000 ) (4,000 )
At 31 July 2024 137,641 56,645 10,813 20,500 225,599
DEPRECIATION
At 1 August 2023 55,052 52,438 10,757 10,829 129,076
Charge for year 2,753 631 14 3,656 7,054
Eliminated on disposal - - - (3,549 ) (3,549 )
At 31 July 2024 57,805 53,069 10,771 10,936 132,581
NET BOOK VALUE
At 31 July 2024 79,836 3,576 42 9,564 93,018
At 31 July 2023 82,589 4,207 56 4,671 91,523

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 115,883 114,156
Other debtors 7,197 5,141
123,080 119,297

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,000 8,000
Trade creditors 43,376 42,207
Taxation and social security 47,882 59,098
Other creditors 5,456 5,372
104,714 114,677

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 6,900 14,894

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary shares £1 2 2