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REGISTERED NUMBER: 02662651 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ANDREWS AND PALMER LIMITED

ANDREWS AND PALMER LIMITED (REGISTERED NUMBER: 02662651)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANDREWS AND PALMER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: P L Bevis
C H Jarratt
C S Hacker





SECRETARY: C H Jarratt





REGISTERED OFFICE: 32 The Square
Gillingham
Dorset
SP8 4AR





REGISTERED NUMBER: 02662651 (England and Wales)





ACCOUNTANTS: Andrews and Palmer
Chartered Accountants
32 The Square
Gillingham
Dorset
SP8 4AR

ANDREWS AND PALMER LIMITED (REGISTERED NUMBER: 02662651)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 40,770 102,073
Tangible assets 5 52,442 75,454
93,212 177,527

CURRENT ASSETS
Debtors 6 1,030,762 988,493
Cash at bank and in hand 345,004 295,257
1,375,766 1,283,750
CREDITORS
Amounts falling due within one year 7 423,914 420,165
NET CURRENT ASSETS 951,852 863,585
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,045,064

1,041,112

PROVISIONS FOR LIABILITIES - 571
NET ASSETS 1,045,064 1,040,541

CAPITAL AND RESERVES
Called up share capital 8 60 60
Capital redemption reserve 20 20
Retained earnings 1,044,984 1,040,461
SHAREHOLDERS' FUNDS 1,045,064 1,040,541

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 directors acknowledge their 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.

ANDREWS AND PALMER LIMITED (REGISTERED NUMBER: 02662651)

BALANCE SHEET - 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 Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:




C H Jarratt - Director P L Bevis - Director




C S Hacker - Director


ANDREWS AND PALMER LIMITED (REGISTERED NUMBER: 02662651)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Andrews and Palmer 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.

Goodwill
Purchased goodwill is being amortised over a period of 10 years. Goodwill on hive-up from a subsidiary is being amortised over 5 years.

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 - 33% on cost and 25% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
Basic financial instruments are measured at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

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.

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

ANDREWS AND PALMER LIMITED (REGISTERED NUMBER: 02662651)

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 makes defined contribution payments under auto-enrolment legislation. Contributions payable 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 23 (2023 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 655,071
AMORTISATION
At 1 October 2023 552,998
Charge for year 61,303
At 30 September 2024 614,301
NET BOOK VALUE
At 30 September 2024 40,770
At 30 September 2023 102,073

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 122,470 83,215 205,685
Additions 1,508 - 1,508
At 30 September 2024 123,978 83,215 207,193
DEPRECIATION
At 1 October 2023 109,427 20,804 130,231
Charge for year 3,716 20,804 24,520
At 30 September 2024 113,143 41,608 154,751
NET BOOK VALUE
At 30 September 2024 10,835 41,607 52,442
At 30 September 2023 13,043 62,411 75,454

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 745,922 684,165
Other debtors 284,840 304,328
1,030,762 988,493

ANDREWS AND PALMER LIMITED (REGISTERED NUMBER: 02662651)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Taxation and social security 281,232 249,522
Other creditors 142,682 170,643
423,914 420,165

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
20 B £1 20 20
20 C £1 20 20
20 D £1 20 20
60 60

The B and C shares rank equally in all respects. The D shares rank equally save for the fact they do not participate in any accumulated reserves or goodwill existing before 1 March 2019.
On 14 March 2025 the D shares were reclassified as non-voting shares.

9. OTHER FINANCIAL COMMITMENTS

At 30.9.2024 the company had total future minimum lease payments under non-cancellable operating leases of £178,016 (2023 £163,041).