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REGISTERED NUMBER: 07190753 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PALLADIUM CONSULTING ENGINEERS LIMITED

PALLADIUM CONSULTING ENGINEERS LIMITED (REGISTERED NUMBER: 07190753)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PALLADIUM CONSULTING ENGINEERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr A C Smith
Mr D K C Smith
Mrs C A Smith





REGISTERED OFFICE: Springfield
Luffenhall
Nr Stevenage
Hertfordshire
SG2 7PX





REGISTERED NUMBER: 07190753 (England and Wales)





ACCOUNTANTS: Gary J Cansick & Co
Chartered Accountants
Janelle House
6 Hartham Lane
Hertford
Hertfordshire
SG14 1QN

PALLADIUM CONSULTING ENGINEERS LIMITED (REGISTERED NUMBER: 07190753)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,003 1,221
1,003 1,221

CURRENT ASSETS
Debtors 6 55,089 93,613
Cash at bank and in hand 110,825 133,068
165,914 226,681
CREDITORS
Amounts falling due within one year 7 109,757 134,186
NET CURRENT ASSETS 56,157 92,495
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,160

93,716

PROVISIONS FOR LIABILITIES 251 80
NET ASSETS 56,909 93,636

CAPITAL AND RESERVES
Called up share capital 8 203 203
Retained earnings 56,706 93,433
SHAREHOLDERS' FUNDS 56,909 93,636

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PALLADIUM CONSULTING ENGINEERS LIMITED (REGISTERED NUMBER: 07190753)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:




Mrs C A Smith - Director



Mr D K C Smith - Director


PALLADIUM CONSULTING ENGINEERS LIMITED (REGISTERED NUMBER: 07190753)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Palladium Consulting Engineers 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PALLADIUM CONSULTING ENGINEERS LIMITED (REGISTERED NUMBER: 07190753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 300,000
AMORTISATION
At 1 April 2023
and 31 March 2024 300,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 7,896 1,250 - 24,012 33,158
Additions - - 136,660 - 136,660
Disposals - - (136,660 ) - (136,660 )
At 31 March 2024 7,896 1,250 - 24,012 33,158
DEPRECIATION
At 1 April 2023 6,826 1,099 - 24,012 31,937
Charge for year 195 23 5,694 - 5,912
Eliminated on disposal - - (5,694 ) - (5,694 )
At 31 March 2024 7,021 1,122 - 24,012 32,155
NET BOOK VALUE
At 31 March 2024 875 128 - - 1,003
At 31 March 2023 1,070 151 - - 1,221

PALLADIUM CONSULTING ENGINEERS LIMITED (REGISTERED NUMBER: 07190753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 43,290 38,598
Other debtors 11,799 55,015
55,089 93,613

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 2,048 2,402
Taxation and social security 104,464 91,631
Other creditors 3,245 40,153
109,757 134,186

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
200 Ordinary £1 200 200
3 A Ordinary shares, B Ordinary
shares and C Ordinary shares £1 3 3
203 203

The C Ordinary shares, of which one share is issued, has the right to receive dividends only.