The Yummy Palette Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 11002630

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		1,915		120

			1,915		120
CURRENT ASSETS
Stocks	6	128,500		47,382
Debtors	7	142,623		132,543
Cash at bank and in hand		304,602		349,642

		575,725		529,567
Creditors: Amounts Falling Due Within One Year	8	(188,258 )		(196,291 )

NET CURRENT ASSETS (LIABILITIES)			387,467		333,276

TOTAL ASSETS LESS CURRENT LIABILITIES			389,382		333,396

Creditors: Amounts Falling Due After More Than One Year	9		(24,098 )		(34,130 )

NET ASSETS			365,284		299,266

CAPITAL AND RESERVES
Called up share capital	10		4		4
Profit and Loss Account			365,280		299,262

SHAREHOLDERS' FUNDS			365,284		299,266

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

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

The director acknowledges her 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 4 April 2025 and were signed on its behalf by:

Ms Kavita Ahuja

Director

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

The Yummy Palette Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11002630 . The registered office is Unit 205 Building Q West, 1110 Great West Road, Chiswick, TW8 0GP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Office Equipment	20% on straight line method
Computer Equipment	20% on straight line method

2.5. Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2023: 15)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2023	10,000

As at 31 March 2024	10,000

Amortisation
As at 1 April 2023	10,000

As at 31 March 2024	10,000

Net Book Value
As at 31 March 2024	-

As at 1 April 2023	-

Goodwill has been written off in equal annual instalments over its estimated economic life of 5 years.

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The Yummy Palette Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2024

5. Tangible Assets

	Office Equipment	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2023	-	300	300
Additions	1,043	1,276	2,319

As at 31 March 2024	1,043	1,576	2,619

Depreciation
As at 1 April 2023	-	180	180
Provided during the period	209	315	524

As at 31 March 2024	209	495	704

Net Book Value
As at 31 March 2024	834	1,081	1,915

As at 1 April 2023	-	120	120

6. Stocks

	2024	2023
	£	£
Stock	128,500	47,382

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	45,660	86,285
Other debtors	3,955	3,954
Other taxes and social security	93,008	42,304

	142,623	132,543

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	56,002	98,737
Corporation tax	116,224	70,518
Other creditors	16,032	27,036

	188,258	196,291

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	24,098	34,130

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The Yummy Palette Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2024

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	4	4

11. Other information

THE YUMMY PALETTE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:

Unit 205 Building Q West,

1110 Great West Road,

Chiswick,

United Kingdom,

TW8 0GP

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