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REGISTERED NUMBER: 07629731 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

The Lyndon Pallett Group Limited

The Lyndon Pallett Group Limited (Registered number: 07629731)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


The Lyndon Pallett Group Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: L P Pallett





REGISTERED OFFICE: Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 07629731 (England and Wales)





ACCOUNTANTS: Chaves LLP
Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

The Lyndon Pallett Group Limited (Registered number: 07629731)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,350,927 1,501,351

CURRENT ASSETS
Stocks 1,805,000 1,780,000
Debtors 596,569 875,369
2,401,569 2,655,369
CREDITORS
Amounts falling due within one year 2,828,883 2,830,669
NET CURRENT LIABILITIES (427,314 ) (175,300 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

923,613

1,326,051

CREDITORS
Amounts falling due after more than one
year

(921,665

)

(982,437

)

PROVISIONS FOR LIABILITIES 5 - (63,026 )
NET ASSETS 1,948 280,588

CAPITAL AND RESERVES
Called up share capital 6 500 500
Retained earnings 1,448 280,088
SHAREHOLDERS' FUNDS 1,948 280,588

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The Lyndon Pallett Group Limited (Registered number: 07629731)

Abridged Balance Sheet - continued
31 March 2024



The financial statements were approved by the director and authorised for issue on 2 May 2025 and were signed by:





L P Pallett - Director


The Lyndon Pallett Group Limited (Registered number: 07629731)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

The Lyndon Pallett Group 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the anticipated value of the company's rights to extract the material from the quarries.

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.

The Lyndon Pallett Group Limited (Registered number: 07629731)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 16 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 2,439,594
Additions 321,222
Disposals (159,990 )
At 31 March 2024 2,600,826
DEPRECIATION
At 1 April 2023 938,243
Charge for year 373,344
Eliminated on disposal (61,688 )
At 31 March 2024 1,249,899
NET BOOK VALUE
At 31 March 2024 1,350,927
At 31 March 2023 1,501,351

The Lyndon Pallett Group Limited (Registered number: 07629731)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2023 2,138,133
Additions 309,734
Disposals (159,990 )
At 31 March 2024 2,287,877
DEPRECIATION
At 1 April 2023 730,881
Charge for year 352,085
Eliminated on disposal (61,688 )
At 31 March 2024 1,021,278
NET BOOK VALUE
At 31 March 2024 1,266,599
At 31 March 2023 1,407,252

5. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances - 63,026

Deferred
tax
£   
Balance at 1 April 2023 63,026
Provided during year (63,026 )
Balance at 31 March 2024 -

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100
100 A £1 100 100
100 B £1 100 100
100 C £1 100 100
100 D £1 100 100
500 500