Company registration number 11144574 (England and Wales)
PALM VISUAL LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PALM VISUAL LTD
CONTENTS
Page
Accountants' report
1
Profit and loss account
2
Balance sheet and notes to the financial statements
3 - 4
PALM VISUAL LTD
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF PALM VISUAL LTD
- 1 -
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 January 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet, you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that comply with the requirements of the Acts.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Bells Accountants
27 August 2024
AAT Accountants
310 Stafford Road
Croydon
CR0 4NH
PALM VISUAL LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2024
- 2 -
2024
2023
£
£
Turnover
41,122
144,150
Cost of raw materials and consumables
(8,698)
(40,785)
Depreciation and other amounts written off assets
(1,522)
(1,708)
Other charges
(25,332)
(18,052)
Tax
(247)
(15,646)
Profit
5,323
67,959
PALM VISUAL LTD
BALANCE SHEET
AS AT 31 JANUARY 2024
31 January 2024
- 3 -
2024
2023
£
£
£
£
Fixed assets
9,393
5,124
Current assets
14,146
9,487
Creditors: amounts falling due within one year
(19,838)
(14,809)
Net current liabilities
(5,692)
(5,322)
Total assets less current liabilities
3,701
(198)
Accruals and deferred income
(1,400)
(1,824)
Net assets/(liabilities)
2,301
(2,022)
Capital and reserves
2,301
(2,022)
Notes to the financial statements
1
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
1
1
Palm Visual Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 3 Cumberland Court, 119 London Road, Bromley, Kent, BR1 3SQ.
For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and the provisions applicable to companies subject to the small companies regime.
PALM VISUAL LTD
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024
31 January 2024
- 4 -
The financial statements were approved and signed by the director and authorised for issue on 27 August 2024
Mr J E Lyndsay
Director
Company registration number 11144574 (England and Wales)
PALM VISUAL LTD
MANAGEMENT INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024
PALM VISUAL LTD
DETAILED BALANCE SHEET
AS AT 31 JANUARY 2024
31 January 2024
- 5 -
2024
2023
£
£
£
£
Fixed assets
Tangible assets
9,393
5,124
Current assets
Debtors
3,360
8,740
Cash at bank and in hand
10,786
747
14,146
9,487
Creditors: amounts falling due within one year
Loans and overdrafts
1,202
(836)
Taxation and social security
16,812
15,645
Other creditors
1,824
-
19,838
14,809
Net current liabilities
(5,692)
(5,322)
Total assets less current liabilities
3,701
(198)
Accruals and deferred income
(1,400)
(1,824)
Net assets/(liabilities)
2,301
(2,022)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
2,201
(2,122)
Total equity
2,301
(2,022)