| Registered Number:05415226 |
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2025
Palmer Squared Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
Palmer Squared Limited
Statement of Financial Position
2024
2025
| Property, plant and equipment |
2,304
2,711
2
2,304
2,711
| Trade and other receivables |
16,585
6,287
3
20,735
| Cash and cash equivalents |
21,545
27,832
37,320
| Trade and other payables: amounts falling due within one |
| year |
(19,700)
(12,539)
4
17,620
15,293
Net current assets
| Total assets less current liabilities |
17,597
20,331
(668)
(668)
| Provisions for liabilities |
16,929
Net assets
19,663
2
2
16,927
19,661
16,929
19,663
Shareholders' funds
| For the year ended 31 March 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Miss Helen Palmer Director |
| These financial statements were approved and authorised for issue by the Board on 27 May 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2025
Palmer Squared Limited
Notes to the Financial Statements
Statutory Information
| Palmer Squared Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 05415226. |
| Principal place of business: |
7 Lilac Street
Heaviley
Stockport
Cheshire
SK2 6PD
7 Lilac Street
Heaviley
Stockport
Cheshire
SK2 6PD
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Motor Vehicles
Furniture and Fittings
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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For the year ended 31 March 2025
Palmer Squared Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
14,985
14,985
| Provision for depreciation and impairment |
12,274
Charge for year
407
12,681
2,304
2,711
| 3. Trade and other receivables |
2024
2025
6,287
16,585
| 4. Trade and other payables: amounts falling due within one year |
2024
2025
-
3,132
| Taxation and social security |
9,405
12,179
3,134
4,389
12,539
19,700
| 5. Average number of persons employed |
During the year the average number of employees was 0
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