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Company Registration No. 12080754 (England and Wales)
PALIMPSCAPE LIMITED Unaudited accounts for the year ended 31 July 2023
PALIMPSCAPE LIMITED Unaudited accounts Contents
Page
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PALIMPSCAPE LIMITED Company Information for the year ended 31 July 2023
Directors
Gabriel Iulian Tanase Adina Matroz-Tanase
Company Number
12080754 (England and Wales)
Registered Office
196A Upper Grosvenor Road Tunbridge Wells Kent TN1 2EH England
Accountants
Aidhan and Partners Simply Accountants Ltd 8 Devonshire Square London EC2M 4PL
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PALIMPSCAPE LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
294 
470 
Current assets
Debtors
27 
8,320 
Cash at bank and in hand
955 
17,060 
982 
25,380 
Creditors: amounts falling due within one year
(349)
(10,350)
Net current assets
633 
15,030 
Net assets
927 
15,500 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
827 
15,400 
Shareholders' funds
927 
15,500 
For the year ending 31 July 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 April 2024 and were signed on its behalf by
Adina Matroz-Tanase Director Company Registration No. 12080754
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PALIMPSCAPE LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
PALIMPSCAPE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12080754. The registered office is 196A, Upper Grosvenor Road, Tunbridge Wells, Kent, TN1 2EH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
The turnover shown in the profit and loss account represents revenue earned during the period with an adjustment for the Flat rate VAT.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33%
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2022
529 
At 31 July 2023
529 
Depreciation
At 1 August 2022
59 
Charge for the year
176 
At 31 July 2023
235 
Net book value
At 31 July 2023
294 
At 31 July 2022
470 
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PALIMPSCAPE LIMITED Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
8,320 
Other debtors
27 
- 
27 
8,320 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
(797)
9,565 
Loans from directors
786 
785 
Accruals
360 
- 
349 
10,350 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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