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REGISTERED NUMBER: 09984651 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

PAL Online Consultancy Limited

PAL Online Consultancy Limited (Registered number: 09984651)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PAL Online Consultancy Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr A Lynch





SECRETARY: Mrs K Lynch





REGISTERED OFFICE: 1 Antill Close
Asfordby
Melton Mowbray
Leicestershire
LE14 3YT





REGISTERED NUMBER: 09984651 (England and Wales)





ACCOUNTANTS: SRB Associates (Leicestershire) Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB

PAL Online Consultancy Limited (Registered number: 09984651)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 808 2,174

CURRENT ASSETS
Stocks 5 14,763 14,621
Debtors 6 44,825 34,927
Cash at bank and in hand 232,695 196,944
292,283 246,492
CREDITORS
Amounts falling due within one year 7 46,852 33,771
NET CURRENT ASSETS 245,431 212,721
TOTAL ASSETS LESS CURRENT
LIABILITIES

246,239

214,895

PROVISIONS FOR LIABILITIES 8 153 413
NET ASSETS 246,086 214,482

CAPITAL AND RESERVES
Called up share capital 9 101 101
Retained earnings 245,985 214,381
SHAREHOLDERS' FUNDS 246,086 214,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PAL Online Consultancy Limited (Registered number: 09984651)

Balance Sheet - continued
29 February 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2024 and were signed by:





Mr A Lynch - Director


PAL Online Consultancy Limited (Registered number: 09984651)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

PAL Online Consultancy 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents amounts receivable for services provided in the normal course of business, net of trade discounts, VAT and other sales related taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each assets over its expected useful life, as follow:

Computer equipment - 33.3% Straight Line Basis

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023
and 29 February 2024 5,388
DEPRECIATION
At 1 March 2023 3,214
Charge for year 1,366
At 29 February 2024 4,580
NET BOOK VALUE
At 29 February 2024 808
At 28 February 2023 2,174

PAL Online Consultancy Limited (Registered number: 09984651)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. STOCKS
29.2.24 28.2.23
£    £   
Work-in-progress 14,763 14,621

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 44,726 34,831
Other debtors 99 96
44,825 34,927

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Taxation and social security 42,669 29,629
Other creditors 4,183 4,142
46,852 33,771

8. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 153 413

Deferred
tax
£   
Balance at 1 March 2023 413
Credit to Income Statement during year (260 )
Balance at 29 February 2024 153

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100
1 Ordinary B £1 1 1
101 101

10. RELATED PARTY DISCLOSURES

Other creditors is an amount of £19 (2023 : £3) due to Mr A Lynch the director. The amount due to the director is interest free and repayable on demand.

PAL Online Consultancy Limited (Registered number: 09984651)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Lynch.