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REGISTERED NUMBER: 04819555 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

PALACE-TECH LIMITED

| PALACE-TECH LIMITED (REGISTERED NUMBER: 04819555) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| PALACE-TECH LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 AUGUST 2025

| DIRECTORS: | D T Evans

| Mrs V L Evans

| REGISTERED OFFICE: | Unit 3 Fairway Business Park

| Castle Road

| Sittingbourne

| Kent

| ME10 3FB

| REGISTERED NUMBER: | 04819555 (England and Wales)

| ACCOUNTANTS: | George & Co.

| Chartered Accountants

| 44a Joy Lane

| Whitstable

| Kent

| CT5 4LT

| PALACE-TECH LIMITED (REGISTERED NUMBER: 04819555) |

BALANCE SHEET

31 AUGUST 2025

| 31.8.25 | 31.8.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 97,239 |  | 60,027 |  |

CURRENT ASSETS

Stocks | 4,000 |  | 4,000 |  |

Debtors | 5 | 353,091 |  | 348,515 |  |

Cash at bank | 42,480 |  | 148,531 |  |

399,571 |  | 501,046 |  |

CREDITORS

Amounts falling due within one year | 6 | 269,324 |  | 262,165 |  |

NET CURRENT ASSETS | 130,247 |  | 238,881 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 227,486 |  | 298,908 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (39,902 | ) | (40,789 | ) |

PROVISIONS FOR LIABILITIES | (7,559 | ) | (12,269 | ) |

NET ASSETS | 180,025 |  | 245,850 |  |

CAPITAL AND RESERVES

Called up share capital | 51 |  | 51 |  |

Capital redemption reserve | 8 | 50 |  | 50 |  |

Retained earnings | 8 | 179,924 |  | 245,749 |  |

SHAREHOLDERS' FUNDS | 180,025 |  | 245,850 |  |

| PALACE-TECH LIMITED (REGISTERED NUMBER: 04819555) |

BALANCE SHEET - continued

31 AUGUST 2025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2026 and were signed on its behalf by:

D T Evans - Director

| PALACE-TECH LIMITED (REGISTERED NUMBER: 04819555) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1. | STATUTORY INFORMATION

| Palace-Tech Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Land and buildings | - | 10% on cost

| Plant and machinery etc | - | 25% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| PALACE-TECH LIMITED (REGISTERED NUMBER: 04819555) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

2. | ACCOUNTING POLICIES - continued

| Cash and cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

| Financial instruments

| Financial Instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Basic financial liabilities

| Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Derecognition of financial liabilities

| Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 15 (2024 - 15 ) .

| PALACE-TECH LIMITED (REGISTERED NUMBER: 04819555) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 September 2024 | 11,654 |  | 121,327 |  | 132,981 |  |

| Additions | - |  | 109,500 |  | 109,500 |  |

| Disposals | - |  | (73,650 | ) | (73,650 | ) |

| At 31 August 2025 | 11,654 |  | 157,177 |  | 168,831 |  |

| DEPRECIATION

| At 1 September 2024 | 2,331 |  | 70,623 |  | 72,954 |  |

| Charge for year | 1,165 |  | 29,695 |  | 30,860 |  |

| Eliminated on disposal | - |  | (32,222 | ) | (32,222 | ) |

| At 31 August 2025 | 3,496 |  | 68,096 |  | 71,592 |  |

| NET BOOK VALUE

| At 31 August 2025 | 8,158 |  | 89,081 |  | 97,239 |  |

| At 31 August 2024 | 9,323 |  | 50,704 |  | 60,027 |  |

| Fixed assets with a carrying value of £37,125 (2024: £41,428), included in the above, are held under hire purchase contracts.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.8.25 |  | 31.8.24

£ | £ |

| Trade debtors | 275,717 |  | 273,077 |  |

| Other debtors | 77,374 |  | 75,438 |  |

353,091 |  | 348,515 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.8.25 |  | 31.8.24

£ | £ |

| Bank loans and overdrafts | 10,494 |  | 9,167 |  |

| Hire purchase contracts | 7,203 |  | 8,914 |  |

| Trade creditors | 206,735 |  | 192,888 |  |

| Taxation and social security | 41,615 |  | 48,360 |  |

| Other creditors | 3,277 |  | 2,836 |  |

269,324 |  | 262,165 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.8.25 |  | 31.8.24

£ | £ |

| Bank loans | - |  | 12,775 |  |

| Hire purchase contracts | 39,902 |  | 28,014 |  |

39,902 |  | 40,789 |  |

| PALACE-TECH LIMITED (REGISTERED NUMBER: 04819555) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

8. | RESERVES

| Capital |

| Retained |  | redemption |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 September 2024 | 245,749 |  | 50 |  | 245,799 |  |

| Profit for the year | 62,875 |  | 62,875 |  |

| Dividends | (128,700 | ) | (128,700 | ) |

| At 31 August 2025 | 179,924 |  | 50 |  | 179,974 |  |

9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The company operates from premises owned by the director. The rent payable by the company during the year amounted to £14,524 (2024 - £14,944).