4 4 PAL Software Limited 09770430 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is Sale of computers and software services Digita Accounts Production Advanced 6.30.9574.0 true 09770430 2023-05-01 2024-04-30 09770430 2024-04-30 09770430 bus:Director1 1 2024-04-30 09770430 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 09770430 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 09770430 bus:Micro-entities 2023-05-01 2024-04-30 09770430 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 09770430 bus:FilletedAccounts 2023-05-01 2024-04-30 09770430 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 09770430 bus:RegisteredOffice 2023-05-01 2024-04-30 09770430 bus:Director1 2023-05-01 2024-04-30 09770430 bus:Director1 1 2023-05-01 2024-04-30 09770430 bus:Director2 2023-05-01 2024-04-30 09770430 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09770430 bus:Agent1 2023-05-01 2024-04-30 09770430 countries:EnglandWales 2023-05-01 2024-04-30 09770430 bus:Director1 1 2023-04-30 09770430 2022-05-01 2023-04-30 09770430 2023-04-30 09770430 bus:Director1 1 2023-04-30 09770430 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 09770430 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 09770430 bus:Director1 1 2022-05-01 2023-04-30 09770430 bus:Director1 1 2022-04-30 xbrli:pure iso4217:GBP

Registration number: 09770430

PAL Software Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

PAL Software Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

2

 

PAL Software Limited

Company Information

Directors

Mr Karl David Spencer

Mrs Lisa Ann Spencer

Registered office

Laxton Lodge
Kneesall
Newark
Nottinghamshire
NG22 0AH

Accountants

Atkinson Evans Limited
Chartered Certified AccountantsThe Old Drill Hall
10 Arnot Hill Road
Arnold
Nottingham
Nottinghamshire
NG5 6LJ

 

PAL Software Limited

(Registration number: 09770430)
Balance Sheet as at 30 April 2024

2024
£

2023
£

Fixed assets

12,376

8,984

Current assets

123,169

159,101

Prepayments and accrued income

847

1,206

Creditors: Amounts falling due within one year

(24,755)

(53,056)

Net current assets

99,261

107,251

Total assets less current liabilities

111,637

116,235

Creditors: Amounts falling due after more than one year

(81,212)

(89,339)

 

30,425

26,896

Capital and reserves

30,425

26,896

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Laxton Lodge
Kneesall
Newark
Nottinghamshire
NG22 0AH

These financial statements were authorised for issue by the Board on 27 January 2025.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

3

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of guarantees not included in the balance sheet is £Nil (2023 - £8,577). Shareholders have provided a personal guarantee to support business loans.

Amounts disclosed in the balance sheet

Included in the balance sheet are financial commitments of £77,000 (2023 - £83,000). Within creditors amounts falling due after more than one year is a loan from a shareholder.
The shareholder has confirmed they will not request repayment of the loan until the company is in a position to do so.

 

PAL Software Limited

(Registration number: 09770430)
Balance Sheet as at 30 April 2024

4

Related party transactions

Transactions with directors

2024

At 1 May 2023
£

Repayments by director
£

At 30 April 2024
£

Mr Karl David Spencer

Directors loan

5,031

(3,349)

1,681

2023

At 1 May 2022
£

Repayments by director
£

At 30 April 2023
£

Mr Karl David Spencer

Directors loan

7,025

(1,994)

5,031

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the micro entities regime and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 January 2025 and signed on its behalf by:
 

.........................................
Mr Karl David Spencer
Director