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REGISTERED NUMBER: 03654918 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Uk Industrial Pallets (Southern) Limited

Uk Industrial Pallets (Southern) Limited (Registered number: 03654918)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Uk Industrial Pallets (Southern) Limited

Company Information
for the year ended 30 September 2024







DIRECTOR: P H Bessell





REGISTERED OFFICE: 120 Cockfosters Road
Barnet
EN4 0DZ





REGISTERED NUMBER: 03654918 (England and Wales)





ACCOUNTANTS: G & A Partners LLP
Chartered Accountants
120 Cockfosters Road
Barnet
EN4 0DZ

Uk Industrial Pallets (Southern) Limited (Registered number: 03654918)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,229 54,315

CURRENT ASSETS
Stocks 5 18,024 16,325
Debtors 6 348,516 268,864
Cash in hand 204,132 202,246
570,672 487,435
CREDITORS
Amounts falling due within one year 7 301,800 263,662
NET CURRENT ASSETS 268,872 223,773
TOTAL ASSETS LESS CURRENT
LIABILITIES

321,101

278,088

CREDITORS
Amounts falling due after more than one
year

8

(18,333

)

(27,490

)

PROVISIONS FOR LIABILITIES (10,000 ) (10,320 )
NET ASSETS 292,768 240,278

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 292,668 240,178
SHAREHOLDERS' FUNDS 292,768 240,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Uk Industrial Pallets (Southern) Limited (Registered number: 03654918)

Statement of Financial Position - continued
30 September 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 25 February 2025 and were signed by:





P H Bessell - Director


Uk Industrial Pallets (Southern) Limited (Registered number: 03654918)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Uk Industrial Pallets (Southern) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the total invoice value, excluding value added tax, of goods sold during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on 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.

Stock is valued at the lower of cost and net realisable value. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Uk Industrial Pallets (Southern) Limited (Registered number: 03654918)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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 10 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023 73,912 25,323 61,515 160,750
Additions - 770 13,000 13,770
Disposals (3,400 ) - (26,500 ) (29,900 )
At 30 September 2024 70,512 26,093 48,015 144,620
DEPRECIATION
At 1 October 2023 42,818 21,768 41,849 106,435
Charge for year 6,668 788 3,950 11,406
Eliminated on disposal (3,200 ) - (22,250 ) (25,450 )
At 30 September 2024 46,286 22,556 23,549 92,391
NET BOOK VALUE
At 30 September 2024 24,226 3,537 24,466 52,229
At 30 September 2023 31,094 3,555 19,666 54,315

5. STOCKS
2024 2023
£    £   
Stocks 18,024 16,325

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 283,263 203,977
Amounts owed by participating interests 64,104 64,104
Other debtors 1,149 783
348,516 268,864

Uk Industrial Pallets (Southern) Limited (Registered number: 03654918)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 87,172 98,143
Trade creditors 65,911 66,358
Taxation and social security 83,483 52,405
Other creditors 65,234 46,756
301,800 263,662

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 18,333 27,490

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 87,172 98,143

Amounts falling due between two and five years:
Covid Bank loans - 2-5 years 18,333 27,490