Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2022 1 September 2021 false true No description of principal activity 1 September 2022 31 August 2023 31 August 2023 05843372 Mr Ira Washer Mr Terrence Washer Mr Ira Washer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05843372 2022-08-31 05843372 2023-08-31 05843372 2022-09-01 2023-08-31 05843372 frs-core:CurrentFinancialInstruments 2023-08-31 05843372 frs-core:Non-currentFinancialInstruments 2023-08-31 05843372 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 05843372 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 05843372 frs-bus:Micro-entities 2022-09-01 2023-08-31 05843372 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 05843372 frs-bus:Director1 2022-09-01 2023-08-31 05843372 frs-bus:Director1 2022-08-31 05843372 frs-bus:Director1 2023-08-31 05843372 frs-bus:Director2 2022-09-01 2023-08-31 05843372 frs-bus:Director2 2022-08-31 05843372 frs-bus:Director2 2023-08-31 05843372 frs-bus:CompanySecretary1 2022-09-01 2023-08-31 05843372 2021-08-31 05843372 2022-08-31 05843372 2021-09-01 2022-08-31 05843372 frs-core:CurrentFinancialInstruments 2022-08-31 05843372 frs-core:Non-currentFinancialInstruments 2022-08-31
Registered number: 05843372
Palatine Motors Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
Balance Sheet
Registered number: 05843372
2023 2022
£ £
Fixed assets 51 76
Current assets 81,503 85,717
Prepayments and accrued income 1,002 988
Creditors: Amounts Falling Due Within One Year (58,757 ) (57,525 )
NET CURRENT ASSETS 23,748 29,180
TOTAL ASSETS LESS CURRENT LIABILITIES 23,799 29,256
Creditors: Amounts Falling After More Than One Year (18,056 ) (27,442 )
NET ASSETS 5,743 1,814
CAPITAL AND RESERVES 5,743 1,814

Notes

1. General Information
Palatine Motors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05843372 . The registered office is Unit 11c, Palatine Works, Causeway Avenue, Warrington, Cheshire, WA4 6QQ.

The financial statements are presented in pound sterling.
2. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
Sales, marketing and distribution 4 4
5 5
3. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. Included within Other Creditors at the balance sheet date were unpaid contributions of £94 (2022: £271) due to the fund.
4. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2022 Amounts advanced Amounts repaid Amounts written off As at 31 August 2023
£ £ £ £ £
Mr Ira Washer 24,985 8,908 (24,985 ) - 8,908
Mr Terrence Washer - 15,644 - - 15,644
Interest at 2.25% (2022: 2.5%) has been charged on the above loan. The loan has been repaid in full since the reporting date. There were no other conditions attached.
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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 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr Ira Washer
Director
30 August 2024