Palace Furniture Limited in Birmingham, B3 1UP

Description

Data updated on: 01-11-2023

The firm is registered in Birmingham registered with number: 02767140. It was set up in 1992. The headquarters of the firm is located at 79 Caroline Street . The post code for this address is B3 1UP. The company's SIC code is 31090 meaning Manufacture of other furniture. The company's most recent annual accounts describe the period up to 2021/09/30 and the most recent confirmation statement was filed on 2022/09/16.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2012-04-30	2013-04-30	2014-04-30	2015-04-30	2016-04-30	2017-04-30	2018-09-30	2019-09-30	2020-09-30	2021-09-30
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	1 789 694	1 888 377	1 906 469	2 029 011	1 960 496

Balance Sheet
Cash Bank On Hand					967 007	1 036 936	1 111 594	952 833	1 122 254	792 506
Current Assets	1 521 778	1 668 466	1 740 338	1 760 227	1 674 750	1 622 874	1 444 560	1 292 776	1 283 345	853 597
Debtors	265 817	276 792	245 623	531 708	609 743	493 588	233 016	210 901	105 344	57 406
Net Assets Liabilities					1 960 498	1 867 941	1 818 890	1 722 278	1 609 385
Other Debtors					359
Property Plant Equipment					465 616	440 101	413 426	466 989	420 784	392 021
Total Inventories					98 000	92 350	99 950	129 042	55 747	3 685
Cash Bank In Hand	1 153 911	1 294 149	1 393 415	1 126 269	967 007
Stocks Inventory	102 050	97 525	101 300	102 250	98 000
Tangible Fixed Assets	478 438	470 002	467 863	642 470	617 037

Capital & Reserves
Called Up Share Capital	25 020	25 020	25 020	25 020	25 020
Profit Loss Account Reserve	1 764 674	1 863 357	1 881 449	2 003 991	1 935 476
Shareholder Funds	1 789 694	1 888 377	1 906 469	2 029 011	1 960 496

Other Financial Data
Accrued Liabilities Deferred Income					39 784	39 814	24 724	24 299	130 747	7 182
Accumulated Depreciation Impairment Property Plant Equipment					306 244	332 398	265 276	279 659	300 023	166 539
Additions Other Than Through Business Combinations Property Plant Equipment						638	14 428	99 218	109
Amounts Owed By Associates Joint Ventures Participating Interests						1 940	9 407	8 807	6 992	10 006
Average Number Employees During Period								29	23	6
Creditors					317 872	346 030	191 570	194 346	254 789	43 501
Fixed Assets	478 483	470 047	467 908	642 515	617 082	600 146	573 471	627 034	580 829	552 066
Future Minimum Lease Payments Under Non-cancellable Operating Leases							8 622	11 813	26 429
Increase From Depreciation Charge For Year Property Plant Equipment						26 154	26 490	32 439	24 148	16 269
Investment Property					151 421	160 000	160 000	160 000	160 000	160 000
Investment Property Fair Value Model							160 000	160 000	160 000
Investments Fixed Assets	45	45	45	45	45	45	45	45	45	45
Investments In Group Undertakings Participating Interests								45	45	45
Net Current Assets Liabilities	1 317 131	1 424 717	1 445 719	1 403 158	1 356 878	1 276 844	1 252 990	1 098 430	1 028 556	810 096
Number Shares Issued Fully Paid						25 020	25 020	25 020
Other Creditors					5 294	7 474	4 516	4 568	1 541	3 404
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment							93 613	18 056	3 784	149 753
Other Disposals Property Plant Equipment							108 226	31 271	25 950	162 247
Other Taxation Social Security Payable						83 575	38 663	11 525	97 772	15 765
Par Value Share							1	1
Percentage Class Share Held In Associate						25
Prepayments Accrued Income					42 990	47 404	25 934	28 457	17 155	25 550
Property Plant Equipment Gross Cost					771 861	772 499	678 701	746 648	720 807	558 560
Provisions For Liabilities Balance Sheet Subtotal					13 464	9 049	7 571	3 186
Raw Materials Consumables					56 500	53 250
Taxation Including Deferred Taxation Balance Sheet Subtotal					13 464	9 049	7 571	3 186
Total Assets Less Current Liabilities	1 795 614	1 894 764	1 913 627	2 045 673	1 973 960	1 876 990	1 826 461	1 725 464	1 609 385	1 362 162
Trade Creditors Trade Payables					148 852	215 167	123 667	153 954	24 729	17 150
Trade Debtors Trade Receivables					558 623	439 190	196 316	161 563	77 123	18 135
Work In Progress					41 500	39 100
Creditors Due Within One Year	204 647	243 749	294 619	357 069	317 872
Net Assets Liability Excluding Pension Asset Liability	1 789 694	1 888 377	1 906 469	2 029 011
Number Shares Allotted		25 020	25 020	25 020	25 020
Percentage Associate Held		25	25	25	25
Provisions For Liabilities Charges	5 920	6 387	7 158	16 662	13 464
Share Capital Allotted Called Up Paid	25 020	25 020	25 020	25 020	25 020
Tangible Fixed Assets Additions			54 355	217 658	10 947
Tangible Fixed Assets Cost Or Valuation		764 182	776 180	946 801	923 282
Tangible Fixed Assets Depreciation		294 180	308 317	304 331	306 245
Tangible Fixed Assets Depreciation Charged In Period			43 948	28 275	33 334
Tangible Fixed Assets Depreciation Decrease Increase On Disposals			29 811	32 261	31 420
Tangible Fixed Assets Disposals			42 357	47 037	34 466

Company staff

Alan C.

Role: Director

Appointed: 01 March 1993

Latest update: 21 April 2024

Albert T.

Role: Director

Appointed: 14 January 1993

Latest update: 21 April 2024