Pallance Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 08185427

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		22,961		85,105

			22,961		85,105
CURRENT ASSETS
Stocks		64,064		56,782
Debtors	5	34,821		52,574
Cash at bank and in hand		3,562		22,855

		102,447		132,211
Creditors: Amounts Falling Due Within One Year	6	(544,150 )		(391,350 )

NET CURRENT ASSETS (LIABILITIES)			(441,703 )		(259,139 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(418,742 )		(174,034 )

Creditors: Amounts Falling Due After More Than One Year	7		(47,500 )		(47,837 )

NET LIABILITIES			(466,242 )		(221,871 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			(466,243 )		(221,872 )

SHAREHOLDERS' FUNDS			(466,242)		(221,871)

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Pallance Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 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 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.

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.

On behalf of the board

Mr Charles Hart

Director

30th December 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Pallance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08185427 . The registered office is Unit 4 Blueberry Business Park, Kingsway, Rochdale, OL16 5DB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% straight line
Fixtures & Fittings	20% straight line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 24 (2023: 33)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 January 2024	242,126	33,039	275,165
Additions	3,330	-	3,330

As at 31 December 2024	245,456	33,039	278,495

Depreciation
As at 1 January 2024	166,145	23,915	190,060
Provided during the period	57,503	7,971	65,474

As at 31 December 2024	223,648	31,886	255,534

Net Book Value
As at 31 December 2024	21,808	1,153	22,961

As at 1 January 2024	75,981	9,124	85,105

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Pallance Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	34,821	52,574

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	37,826	60,575
Other creditors	228,265	130,463
Taxation and social security	278,059	200,312

	544,150	391,350

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

	2024	2023
	£	£
Other loans	47,500	47,837

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

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