PALACE ENTERPRISES LIMITED

Company Registration Number:
10591888 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

PALACE ENTERPRISES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

PALACE ENTERPRISES LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 10,111 5,398
Total fixed assets: 10,111 5,398
Current assets
Stocks: 12,964 16,803
Debtors:   113,345 112,331
Cash at bank and in hand: 304,659 286,256
Total current assets: 430,968 415,390
Creditors: amounts falling due within one year:   (480,459) (527,205)
Net current assets (liabilities): (49,491) (111,815)
Total assets less current liabilities: (39,380) (106,417)
Total net assets (liabilities): (39,380) (106,417)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (39,381) (106,418)
Shareholders funds: (39,380) (106,417)

The notes form part of these financial statements

PALACE ENTERPRISES LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 June 2024
and signed on behalf of the board by:

Name: P D D'Silva
Status: Director

The notes form part of these financial statements

PALACE ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PALACE ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 28 24

PALACE ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 28,000
Additions 8,084
At 31 December 2023 36,084
Depreciation
At 01 January 2023 22,602
Charge for year 3,371
At 31 December 2023 25,973
Net book value
At 31 December 2023 10,111
At 31 December 2022 5,398