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REGISTERED NUMBER: 01395940 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

PALMRAYNE LIMITED

PALMRAYNE LIMITED (REGISTERED NUMBER: 01395940)

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


PALMRAYNE LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs N EL-HAMCHAOUI
E Hamchaoui





SECRETARY: Mrs N EL-HAMCHAOUI





REGISTERED OFFICE: 27 Russell Road
London
N20 0TN





REGISTERED NUMBER: 01395940 (England and Wales)





ACCOUNTANTS: MalShahz Accountants Ltd
27 Russell Road
Whetstone
London
N20 0TN

PALMRAYNE LIMITED (REGISTERED NUMBER: 01395940)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,042 4,056

CURRENT ASSETS
Debtors 5 17,840 496
Cash at bank 68,817 104,820
86,657 105,316
CREDITORS
Amounts falling due within one year 6 (24,733 ) (40,850 )
NET CURRENT ASSETS 61,924 64,466
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,966

68,522

CREDITORS
Amounts falling due after more than one
year

7

(6,232

)

(11,217

)
NET ASSETS 58,734 57,305

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 58,634 57,205
SHAREHOLDERS' FUNDS 58,734 57,305

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.

PALMRAYNE LIMITED (REGISTERED NUMBER: 01395940)

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 19 November 2024 and were signed on its behalf by:





E Hamchaoui - Director


PALMRAYNE LIMITED (REGISTERED NUMBER: 01395940)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Palmrayne 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 invoiced value of services, excluding value added tax.

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 etc - 25% on reducing balance and at varying rates on cost

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 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 24,040
DEPRECIATION
At 1 April 2023 19,984
Charge for year 1,014
At 31 March 2024 20,998
NET BOOK VALUE
At 31 March 2024 3,042
At 31 March 2023 4,056

PALMRAYNE LIMITED (REGISTERED NUMBER: 01395940)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 840 496
Other debtors 17,000 -
17,840 496

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,010 5,010
Trade creditors 276 -
Taxation and social security 8,421 10,449
Other creditors 11,026 25,391
24,733 40,850

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 6,232 11,217