PALACE SERVICES LTD

Company Registration Number:
11379782 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

PALACE SERVICES LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

PALACE SERVICES LTD

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 2,814,364 2,545,692
Total fixed assets: 2,814,364 2,545,692
Current assets
Stocks: 547,112 485,451
Debtors:   812,366 759,601
Cash at bank and in hand: 951,365 889,452
Total current assets: 2,310,843 2,134,504
Creditors: amounts falling due within one year:   (1,032,554) (969,899)
Net current assets (liabilities): 1,278,289 1,164,605
Total assets less current liabilities: 4,092,653 3,710,297
Total net assets (liabilities): 4,092,653 3,710,297
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 4,092,652 3,710,296
Shareholders funds: 4,092,653 3,710,297

The notes form part of these financial statements

PALACE SERVICES LTD

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 February 2025
and signed on behalf of the board by:

Name: Steven Winwood
Status: Director

The notes form part of these financial statements

PALACE SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

PALACE SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 40 30

PALACE SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 2,545,692
Additions 268,672
At 31 May 2024 2,814,364
Net book value
At 31 May 2024 2,814,364
At 31 May 2023 2,545,692