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REGISTERED NUMBER: 12035445 (England and Wales)














LIQUID PALLADIUM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






LIQUID PALLADIUM LIMITED (REGISTERED NUMBER: 12035445)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LIQUID PALLADIUM LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTOR: Mrs K D Cooper





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





REGISTERED NUMBER: 12035445 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

LIQUID PALLADIUM LIMITED (REGISTERED NUMBER: 12035445)

STATEMENT OF FINANCIAL POSITION
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 1,200 1,800
Tangible assets 6 - 400
1,200 2,200

CURRENT ASSETS
Debtors 7 - 6,515
Cash at bank 35,956 16,615
35,956 23,130
CREDITORS
Amounts falling due within one year 8 52,585 1,915
NET CURRENT (LIABILITIES)/ASSETS (16,629 ) 21,215
TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,429

)

23,415

PROVISIONS FOR LIABILITIES - 76
NET (LIABILITIES)/ASSETS (15,429 ) 23,339

CAPITAL AND RESERVES
Called up, paid and allotted share capital 1,000 1,000
Retained earnings (16,429 ) 22,339
SHAREHOLDERS' FUNDS (15,429 ) 23,339

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

LIQUID PALLADIUM LIMITED (REGISTERED NUMBER: 12035445)

STATEMENT OF FINANCIAL POSITION - continued
30 June 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 March 2024 and were signed by:





Mrs K D Cooper - Director


LIQUID PALLADIUM LIMITED (REGISTERED NUMBER: 12035445)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Liquid Palladium 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis, which is considered appropriate by the director as the company operates within its agreed banking facilities and with the support of the director.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

LIQUID PALLADIUM LIMITED (REGISTERED NUMBER: 12035445)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

5. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 July 2022
and 30 June 2023 3,000
AMORTISATION
At 1 July 2022 1,200
Amortisation for year 600
At 30 June 2023 1,800
NET BOOK VALUE
At 30 June 2023 1,200
At 30 June 2022 1,800

6. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2022
and 30 June 2023 1,200
DEPRECIATION
At 1 July 2022 800
Charge for year 400
At 30 June 2023 1,200
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 400

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 5,636
Other debtors - 879
- 6,515

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 52,585 1,915

LIQUID PALLADIUM LIMITED (REGISTERED NUMBER: 12035445)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

9. RELATED PARTY DISCLOSURES

The director operates a loan account with the company. During the year, additional loans in aggregate of £580 were provided to the company. At the year end, the director was owed £605.