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REGISTERED NUMBER: 13910009 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

PalisadeSECURE Systems Ltd

PalisadeSECURE Systems Ltd (Registered number: 13910009)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PalisadeSECURE Systems Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: L Drewer
A Stanton





REGISTERED OFFICE: 1434 London Road
Leigh on Sea
Essex
SS9 2UL





REGISTERED NUMBER: 13910009 (England and Wales)





ACCOUNTANTS: Butlers Chartered Accountants
1434 London Road
Leigh on Sea
Essex
SS9 2UL

PalisadeSECURE Systems Ltd (Registered number: 13910009)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 39,775 47,730

CURRENT ASSETS
Debtors 5 6,170 74,470
Cash at bank and in hand 102 451
6,272 74,921
CREDITORS
Amounts falling due within one year 6 174,208 53,665
NET CURRENT (LIABILITIES)/ASSETS (167,936 ) 21,256
TOTAL ASSETS LESS CURRENT
LIABILITIES

(128,161

)

68,986

PROVISIONS FOR LIABILITIES 7,557 2,351
NET (LIABILITIES)/ASSETS (135,718 ) 66,635

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (135,818 ) 66,535
(135,718 ) 66,635

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 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.

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 26 November 2024 and were signed on its behalf by:



L Drewer - Director


PalisadeSECURE Systems Ltd (Registered number: 13910009)

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

1. STATUTORY INFORMATION

PalisadeSECURE Systems Ltd 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
The financial statements have been prepared on a going concern basis. This assumes that the company will continue in existence for the foreseeable future.

The validity of this assumption depends on the continued financial support of the directors and creditors.

If the company were unable to continue in operational existence, adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts, and to provide for any further liabilities that might arise and to reclassify fixed assets as current assets. Long term liabilities would also have to be reclassified as current liabilities.

The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.

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

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.

Computer software is being amortised evenly over its estimated useful life of seven years.

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.

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 1 (2023 - 1 ) .

PalisadeSECURE Systems Ltd (Registered number: 13910009)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 55,685
AMORTISATION
At 1 March 2023 7,955
Charge for year 7,955
At 29 February 2024 15,910
NET BOOK VALUE
At 29 February 2024 39,775
At 28 February 2023 47,730

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors - 72,670
Other debtors 6,170 1,800
6,170 74,470

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 3,516 2,345
Taxation and social security 13,703 17,010
Other creditors 156,989 34,310
174,208 53,665