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Registered Number: 15071728
England and Wales

 

 

 

PALLET PALS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 14 August 2023

End date: 31 August 2024
  2024
    £ £
Fixed assets   9,566 
Current assets 2,027   
Net current assets   2,027 
Total assets less current liabilities   11,593 
Creditors: amount falling due after more than one year   (14,907)
Net assets   (3,314)
 

     
Capital and reserves   (3,314)
 
NOTES TO THE ACCOUNTS

General Information
Pallet Pals Limited is a private company, limited by shares, registered in England and Wales, registration number 15071728, registration address 64 Castle Boulevard, Nottingham, Nottinghamshire, NG7 1FJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of any trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 18% Reducing Balance
Computer Equipment 20% Straight Line
2.

Tangible fixed assets

Cost or valuation Motor Vehicles   Computer Equipment   Total
  £   £   £
At 14 August 2023    
Additions 4,600    5,684    10,284 
Disposals    
At 31 August 2024 4,600    5,684    10,284 
Depreciation
At 14 August 2023    
Charge for period 324    394    718 
On disposals    
At 31 August 2024 324    394    718 
Net book values
Closing balance as at 31 August 2024 4,276    5,290    9,566 
Opening balance as at 14 August 2023    


3.

Average number of employees

Average number of employees during the period was 1.


For the period ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 24 January 2025 and were signed by:


--------------------------------
Nathan Headley
Director
1