PALMER STEEL LTD

Company Registration Number:
08262525 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

PALMER STEEL LTD

Contents of the Financial Statements

for the Period Ended 31 October 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

PALMER STEEL LTD

Company Information

for the Period Ended 31 October 2024




Director: Bryan Palmer
Registered office: Unit 3
Cornells Lane
Widdington
Saffron Walden
England
CB11 3SP
Company Registration Number: 08262525 (England and Wales)

PALMER STEEL LTD

Balance sheet

As at 31 October 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 23,447 17,707
Total fixed assets: 23,447 17,707
Current assets
Stocks: 0 0
Debtors: 5 23,810 20,331
Cash at bank and in hand: 30,503 45,248
Total current assets: 54,313 65,579
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 51,811 ) ( 44,308 )
Net current assets (liabilities): 2,502 21,271
Total assets less current liabilities: 25,949 38,978
Creditors: amounts falling due after more than one year: 7 ( 6,681 ) ( 11,473 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 19,268 27,505

The notes form part of these financial statements

PALMER STEEL LTD

Balance sheet continued

As at 31 October 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 19,267 27,504
Shareholders funds: 19,268 27,505

For the year ending 31 October 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 26 July 2025
And Signed On Behalf Of The Board By:

Name: Bryan Palmer
Status: Director

The notes form part of these financial statements

PALMER STEEL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PALMER STEEL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 3 3

PALMER STEEL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 3. Off balance sheet disclosure

    No

PALMER STEEL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Tangible assets

Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £
At 01 November 2023 27,263 1,405 5,554 3,833 38,055
Additions 14,045 0 0 0 14,045
Disposals ( 0 ) ( 0 ) ( 0 ) ( 0 ) ( 0 )
Revaluations 0 0 0 0 0
Transfers 0 0 0 0 0
At 31 October 2024 41,308 1,405 5,554 3,833 52,100
Depreciation
At 01 November 2023 12,840 878 4,367 2,263 20,348
Charge for year 6,699 105 1,187 314 8,305
On disposals ( 0 ) ( 0 ) ( 0 ) ( 0 ) ( 0 )
Other adjustments 0 0 0 0 0
At 31 October 2024 19,539 983 5,554 2,577 28,653
Net book value
At 31 October 2024 21,769 422 0 1,256 23,447
At 31 October 2023 14,423 527 1,187 1,570 17,707

PALMER STEEL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Debtors


2024
£

2023
£
Trade debtors 16,514 13,609
Prepayments and accrued income 2,800 604
Other debtors 4,496 6,118
Total 23,810 20,331
Debtors due after more than one year: 6,681 11,473

PALMER STEEL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 34,101 22,114
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 6,513 6,089
Taxation and social security 11,079 15,964
Accruals and deferred income 118 141
Other creditors 0 0
Total 51,811 44,308

PALMER STEEL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 6,681 11,473
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 0
Total 6,681 11,473