PALLY INTERNATIONAL LTD - Filleted accounts

Registered number

05910992

PALLY INTERNATIONAL LTD

Filleted Accounts

31 August 2024

PALLY INTERNATIONAL LTD
Registered number:		05910992
Balance Sheet
as at 31 August 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		290,524			242,260

Current assets
Stocks		42,500			33,542
Debtors	4	318,638			205,066
Cash at bank and in hand		424,564			717,018
		785,702			955,626

Creditors: amounts falling due within one year	5	(505,006)			(561,400)

Net current assets			280,696			394,226

Net assets			571,220			636,486

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			570,220			635,486

Shareholders' funds			571,220			636,486

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J S Hayre
Director
Approved by the board on 26 September 2025

PALLY INTERNATIONAL LTD
Notes to the Accounts
for the year ended 31 August 2024


1	Accounting policies

	Basis of preparation
	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).

	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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
	Plant and machinery			10% per annum on cost
	Fixtures, fittings and equipment			10% per annum on cost
	Motor vehicles			10% per annum on cost

	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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are recognised at transaction price including any transaction costs.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.






	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					28		29


3	Tangible fixed assets
		Plant and machinery		Fixtures, fittings & equipment		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 September 2023	762,723		70,391		113,046		946,160
	Additions	7,500		9,879		105,986		123,365
	Disposals	(5,000)		-		(101,152)		(106,152)
	At 31 August 2024	765,223		80,270		117,880		963,373

	Depreciation
	At 1 September 2023	598,156		52,201		53,543		703,900
	Charge for the year	-		-		10,599		10,599
	On disposals	-		-		(41,650)		(41,650)
	At 31 August 2024	598,156		52,201		22,492		672,849

	Net book value
	At 31 August 2024	167,067		28,069		95,388		290,524
	At 31 August 2023	164,567		18,190		59,503		242,260


4	Debtors					2024		2023
£							£

	Trade debtors					285,368		173,563
	Prepayments					32,050		30,283
	Other debtors					1,220		1,220
						318,638		205,066


5	Creditors: amounts falling due within one year					2024		2023
£							£

	Trade creditors					383,998		304,223
	Taxation and social security					94,137		89,649
	Accrued expenses					10,593		17,237
	Other creditors					16,278		150,291
						505,006		561,400


6	Related party transactions

	During the year rent amounting to £35,200 (2023-£35,200) was paid to Mr J S Hayre and Mrs R K Hayre.


7	Other information

	PALLY INTERNATIONAL LTD is a private company limited by shares and incorporated in England. Its registered office is:
	128A Evington Road
	Leicester
	LE2 1HL