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Company Registration No. 12604652 (England and Wales)
PALLETT & PARTNERS LIMITED Unaudited accounts for the period from 1 June 2023 to 31 October 2024
PALLETT & PARTNERS LIMITED Unaudited accounts Contents
Page
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PALLETT & PARTNERS LIMITED Company Information for the period from 1 June 2023 to 31 October 2024
Director
Daniel Pallett
Company Number
12604652 (England and Wales)
Registered Office
28 CHAMPFLOWER FURZTON MILTON KEYNES MK4 1LD ENGLAND
Accountants
Arth Limited 655 Milton Keynes Business Centre Foxhunter Drive Milton Keynes Buckinghamshire MK14 6GD
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PALLETT & PARTNERS LIMITED Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
716 
Current assets
Inventories
- 
16,996 
Debtors
- 
5,058 
Cash at bank and in hand
- 
(4,659)
- 
17,395 
Creditors: amounts falling due within one year
(24,897)
(29,418)
Net current liabilities
(24,897)
(12,023)
Net liabilities
(24,897)
(11,307)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(24,997)
(11,407)
Shareholders' funds
(24,897)
(11,307)
For the period ending 31 October 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 15 April 2025 and were signed on its behalf by
Daniel Pallett Director Company Registration No. 12604652
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PALLETT & PARTNERS LIMITED Notes to the Accounts for the period from 1 June 2023 to 31 October 2024
1
Statutory information
PALLETT & PARTNERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12604652. The registered office is 28 CHAMPFLOWER, FURZTON, MILTON KEYNES, MK4 1LD, ENGLAND.
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 remained unchanged from the previous period, and also 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on Cost
Computer equipment
25% on Cost
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
366 
1,237 
1,603 
Disposals
(366)
(1,237)
(1,603)
At 31 October 2024
- 
- 
- 
Depreciation
At 1 June 2023
202 
685 
887 
Charge for the period
130 
425 
555 
On disposals
(332)
(1,110)
(1,442)
At 31 October 2024
- 
- 
- 
Net book value
At 31 October 2024
- 
- 
- 
At 31 May 2023
164 
552 
716 
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PALLETT & PARTNERS LIMITED Notes to the Accounts for the period from 1 June 2023 to 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
4,913 
Other debtors
- 
145 
- 
5,058 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
2,846 
Taxes and social security
- 
(1,626)
Other creditors
- 
513 
Loans from directors
24,897 
27,685 
24,897 
29,418 
7
Average number of employees
During the period the average number of employees was 1 (2023: 1).
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