REGISTERED NUMBER: 02937116 (England and Wales)

Palmer (Fencing) Limited

Unaudited Financial Statements

For The Year Ended 30 April 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

D S Palmer

G B Flory

Mrs H Palmer-Flory

M Cann

Mrs M K Palmer-Hill

SECRETARY:

REGISTERED OFFICE:

Unit 81 Centaur Court

Claydon Business Park

Gt. Blakenham

Ipswich

Suffolk

IP6 0NL

REGISTERED NUMBER:

02937116 (England and Wales)

ACCOUNTANTS:

John Phillips & Co Limited

Accountants

Unit 81 Centaur Court

Claydon Business Park

Gt. Blakenham

Ipswich

Suffolk

IP6 0NL

FIXED ASSETS

Tangible assets

4

808,721

709,131

CURRENT ASSETS

Stocks

5

878,481

793,857

Debtors

6

1,033,358

963,832

Cash at bank and in hand

1,066,887

670,851

2,978,726

2,428,540

CREDITORS

Amounts falling due within one year

7

922,445

402,132

NET CURRENT ASSETS

2,056,281

2,026,408

TOTAL ASSETS LESS CURRENT LIABILITIES

2,865,002

2,735,539

CREDITORS

Amounts falling due after more than one year

8

300,000

406,320

NET ASSETS

2,565,002

2,329,219

CAPITAL AND RESERVES

Called up share capital

9

104

103

Retained earnings

2,564,898

2,329,116

SHAREHOLDERS' FUNDS

2,565,002

2,329,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 19 January 2026 and were signed on its behalf by:

G B Flory - Director

1.	STATUTORY INFORMATION

Palmer (Fencing) 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.

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.

Plant and machinery

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

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 43 (2024 - 44 ) .

4.	TANGIBLE FIXED ASSETS

Traffic

Plant and

Office

Motor

Management

machinery

equipment

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

198,777

93,664

1,373,927

18,494

1,684,862

Additions

67,511

5,684

295,493

-

368,688

Disposals

-

-

(145,351

)

-

(145,351

)

At 30 April 2025

266,288

99,348

1,524,069

18,494

1,908,199

DEPRECIATION

At 1 May 2024

141,295

55,128

771,003

8,305

975,731

Charge for year

28,564

6,974

198,098

2,547

236,183

Eliminated on disposal

-

-

(112,436

)

-

(112,436

)

At 30 April 2025

169,859

62,102

856,665

10,852

1,099,478

NET BOOK VALUE

At 30 April 2025

96,429

37,246

667,404

7,642

808,721

At 30 April 2024

57,482

38,536

602,924

10,189

709,131

5.

STOCKS

30.4.25

30.4.24

£

£

Stock and Work-in-progress

878,481

793,857

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

725,842

765,157

Amounts owed by group undertakings

179,947

179,917

Other debtors

127,569

18,758

1,033,358

963,832

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

-

645

Hire purchase contracts

85,980

71,963

Trade creditors

345,228

158,344

Taxation and social security

216,237

171,180

Other creditors

275,000

-

922,445

402,132

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Hire purchase contracts

-

56,320

Amounts owed to group undertakings

300,000

350,000

300,000

406,320

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

100

Ordinary

£1

100

100

1

Ordinary ''B'' Non-voting

£1

1

1

1

Ordinary ''C'' Non-voting

£1

1

1

1

Ordinary ''D'' Non-voting

£1

1

1

1

Ordinary "E" Non-voting

£1

1

-

104

103

The following shares were issued during the year for cash at par :

1 Ordinary "E" Non-voting share of £1