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Company Registration No. 14959916 (England and Wales)
THE PALACE TAKEAWAY LTD Unaudited accounts for the year ended 30 June 2024
THE PALACE TAKEAWAY LTD Unaudited accounts Contents
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THE PALACE TAKEAWAY LTD Company Information for the year ended 30 June 2024
Director
MASUM AHMAD
Company Number
14959916 (England and Wales)
Registered Office
THE PALACE WATERLOO HOUSE LLANSANTFFRAID SY22 6AR UNITED KINGDOM
Accountants
CITYGATE CERTIFIED ACCOUNTANTS EAST LONDON BUSINESS CENTRE 93-101 GREENFIELD ROAD LONDON E1 1EJ
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THE PALACE TAKEAWAY LTD Statement of financial position as at 30 June 2024
2024 
Notes
£ 
Called up share capital not paid
100 
Current assets
Inventories
5,769 
Cash at bank and in hand
14,080 
19,849 
Creditors: amounts falling due within one year
(17,534)
Net current assets
2,315 
Net assets
2,415 
Capital and reserves
Called up share capital
100 
Profit and loss account
2,315 
Shareholders' funds
2,415 
For the year ending 30 June 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 March 2025 and were signed on its behalf by
MASUM AHMAD Director Company Registration No. 14959916
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THE PALACE TAKEAWAY LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
THE PALACE TAKEAWAY LTD is a private company, limited by shares, registered in England and Wales, registration number 14959916. The registered office is THE PALACE, WATERLOO HOUSE, LLANSANTFFRAID, SY22 6AR, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
16,553 
Taxes and social security
981 
17,534 
5
Average number of employees
During the year the average number of employees was 6.
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