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Company Registration No. 02526645 (England and Wales)
Palladio Associates Limited Unaudited accounts for the year ended 31 July 2025
Palladio Associates Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Palladio Associates Limited Company Information for the year ended 31 July 2025
Directors
I Campbell-Smith S Sellings
Secretary
S Sellings
Company Number
02526645 (England and Wales)
Registered Office
2 Browning Street London SE17 1LN
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
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Palladio Associates Limited Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
74,669
87,846
Current assets
Inventories
10,900
11,082
Debtors
5
310,905
192,486
Cash at bank and in hand
10,341
6,599
332,146
210,167
Creditors: amounts falling due within one year
6
(366,723)
(256,905)
Net current liabilities
(34,577)
(46,738)
Total assets less current liabilities
40,092
41,108
Creditors: amounts falling due after more than one year
7
(5,521)
(10,083)
Net assets
34,571
31,025
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
34,471
30,925
Shareholders' funds
34,571
31,025
For the year ending 31 July 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 14 October 2025 and were signed on its behalf by
I Campbell-Smith Director Company Registration No. 02526645
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Palladio Associates Limited Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Palladio Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 02526645. The registered office is 2 Browning Street, London, SE17 1LN.
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 year, 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:
Fixtures & fittings
15% on reducing balance
Computer equipment
15% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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Palladio Associates Limited Notes to the Accounts for the year ended 31 July 2025
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 August 2024
188,246
6,517
194,763
At 31 July 2025
188,246
6,517
194,763
Depreciation
At 1 August 2024
104,998
1,919
106,917
Charge for the year
12,487
690
13,177
At 31 July 2025
117,485
2,609
120,094
Net book value
At 31 July 2025
70,761
3,908
74,669
At 31 July 2024
83,248
4,598
87,846
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
-
1,290
Trade debtors
273,142
153,437
Other debtors
37,763
37,759
310,905
192,486
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Palladio Associates Limited Notes to the Accounts for the year ended 31 July 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
64,750
33,418
VAT
514
-
Trade creditors
106,713
89,161
Taxes and social security
134,562
74,141
Other creditors
26,447
26,448
Accruals
33,737
33,737
366,723
256,905
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
5,521
10,083
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
As At 31/07/2025, Palladio Associates Limited Owes £26,448.39 To Palladio Agency Limited.
10
Controlling party
The company is controlled by the directors due to their shareholding.
11
Average number of employees
During the year the average number of employees was 14 (2024: 19).
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