REGISTERED NUMBER: 02850220 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Pallisers Of Hereford Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Palliser

C J L Palliser

K Bowen

SECRETARY:

R Palliser

REGISTERED OFFICE:

Suite 1 & 2

Marshall Business Centre

Faraday Road

Hereford

Herefordshire

HR4 9NS

REGISTERED NUMBER:

02850220 (England and Wales)

ACCOUNTANTS:

R J Francis & Co

Suites 1 & 2

Marshall Business Centre

Faraday Road

Hereford

Herefordshire

HR4 9NS

FIXED ASSETS

Tangible assets

4

187,731

167,239

CURRENT ASSETS

Stocks

2,400,810

3,134,847

Debtors

5

931,270

988,548

3,332,080

4,123,395

CREDITORS

Amounts falling due within one year

6

1,234,491

2,139,590

NET CURRENT ASSETS

2,097,589

1,983,805

TOTAL ASSETS LESS CURRENT LIABILITIES

2,285,320

2,151,044

CREDITORS

Amounts falling due after more than one year

7

(182,311

)

(219,624

)

PROVISIONS FOR LIABILITIES

(45,537

)

(40,212

)

NET ASSETS

2,057,472

1,891,208

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

2,056,472

1,890,208

SHAREHOLDERS' FUNDS

2,057,472

1,891,208

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

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

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 24 September 2025 and were signed on its behalf by:

R Palliser - Director

K Bowen - Director

C J L Palliser - Director

1.	STATUTORY INFORMATION

Pallisers Of Hereford Ltd. 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.

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.

Tenants leasehold improvements

-

4% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office furniture and equipment

-

15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Office

Tenants

furniture

leasehold

Plant and

Motor

and

improvements

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

88,131

217,686

311,937

132,655

750,409

Additions

-

-

75,098

1,766

76,864

Disposals

-

-

(8,695

)

-

(8,695

)

At 31 December 2024

88,131

217,686

378,340

134,421

818,578

DEPRECIATION

At 1 January 2024

88,131

181,029

200,656

113,354

583,170

Charge for year

-

5,746

45,755

3,160

54,661

Eliminated on disposal

-

-

(6,984

)

-

(6,984

)

At 31 December 2024

88,131

186,775

239,427

116,514

630,847

NET BOOK VALUE

At 31 December 2024

-

30,911

138,913

17,907

187,731

At 31 December 2023

-

36,657

111,281

19,301

167,239

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

910,431

962,732

Other debtors

20,839

25,816

931,270

988,548

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

131,528

87,970

Hire purchase contracts

32,884

29,425

Trade creditors

879,856

1,861,706

Taxation and social security

181,578

134,249

Other creditors

8,645

26,240

1,234,491

2,139,590

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

127,169

160,221

Hire purchase contracts

55,142

59,403

182,311

219,624

2024

2023

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

35,456

62,341