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Registered number: 07988260
Palliative Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 August 2023
A K E Tax & Accountancy Ltd
Chartered Certified Accountants
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07988260
31 August 2023 31 August 2022
Notes £ £ £ £
FIXED ASSETS
Creditors: Amounts Falling Due Within One Year 7 (77,851 ) (77,401 )
NET CURRENT ASSETS (LIABILITIES) (77,851 ) (77,401 )
TOTAL ASSETS LESS CURRENT LIABILITIES (77,851 ) (77,401 )
NET LIABILITIES (77,851 ) (77,401 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (77,951 ) (77,501 )
SHAREHOLDERS' FUNDS (77,851) (77,401)
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
C B Wagstaff
Director
7 August 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Palliative Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07988260 . The registered office is Hoddesdon Enterprise Centre, Pindar Road, Hoddesdon, Hertfordshire, EN11 0FJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the break up basis where financial assets and liablities have been impaired as a result. The financial statements have been prepared in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006..
2.2. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are development costs, The cost have not been amortised as no production and sale of the products has started.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
2.4. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.5. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Intangible Assets
Other
£
Cost
As at 1 September 2022 58,558
As at 31 August 2023 58,558
Amortisation
As at 1 September 2022 58,558
As at 31 August 2023 58,558
Net Book Value
As at 31 August 2023 -
As at 1 September 2022 -
Page 2
Page 3
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 September 2022 -
Net Book Value
As at 31 August 2023 -
As at 1 September 2022 -
6. Debtors
31 August 2023 31 August 2022
£ £
Due within one year
7. Creditors: Amounts Falling Due Within One Year
31 August 2023 31 August 2022
£ £
Bank loans and overdrafts - 8
Other creditors 77,851 77,393
77,851 77,401
8. Share Capital
31 August 2023 31 August 2022
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
C Wagstaff
The above is the director of the company.
During the year, the director incurred expenses on behalf of the company and drew against his
loan account.
At the balance sheet date, he was owed £34,278 (2022: £33,670) by the Company.
No interest has been charged on this loan in the period.
C Mitchell
The above is a related party of the Company due to being a shareholder of the Company.
At the balance sheet date the Company owed the related party £19,972 (2022: £19,972).
No interest has been charged on this loan during the period.
M Bennet
The above is a related party of the Company due to being a shareholder of the Company.
At the balance sheet date the Company owed the related party £23,300 (2022; £23,300).
No interest has been charged on this loan during the period.
10. Ultimate Controlling Party
The company's ultimate controlling party is C Wagstaff by virtue of his majority shareholding of the issued share capital in the company.
Page 3