Company registration number SC215123 (Scotland)
PAL TECHNOLOGIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
PAL TECHNOLOGIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
PAL TECHNOLOGIES LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
132
1,698
Tangible assets
4
57,802
60,789
57,934
62,487
Current assets
Stocks
5
155,952
109,640
Debtors
6
131,115
140,342
Cash at bank and in hand
10,680
2,644
297,747
252,626
Creditors: amounts falling due within one year
7
(313,387)
(181,527)
Net current (liabilities)/assets
(15,640)
71,099
Total assets less current liabilities
42,294
133,586
Creditors: amounts falling due after more than one year
8
(41,443)
(32,581)
Net assets
851
101,005
Capital and reserves
Called up share capital
110
110
Share premium account
66,871
66,871
Profit and loss reserves
(66,130)
34,024
Total equity
851
101,005
PAL TECHNOLOGIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2025
30 June 2025
- 2 -

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 25 June 2026 and are signed on its behalf by:
D Maxwell
Director
Company registration number SC215123 (Scotland)
PAL TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
1
Accounting policies
Company information

PAL Technologies Limited is a private company, limited by shares, registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the amounts derived from the provision of goods and services which fall within the company's ordinary activities and is stated net of Value Added Tax. Revenue is recognised on despatch of goods.

1.3
Research and development expenditure

Expenditure on research and development is written off in the year in which it is incurred.

1.4
Intangible fixed assets other than goodwill

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of three years.

1.5
Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and equipment
20% on a reducing balance basis
Fixtures and fittings
25% on a reducing balance basis
Computers
33% on a straight line basis
Motor vehicles
20% on a reducing balance basis
1.6
Stocks

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

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

PAL TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
10
11
3
Intangible fixed assets
Other
£
Cost
At 1 July 2024 and 30 June 2025
110,334
Amortisation and impairment
At 1 July 2024
108,636
Amortisation charged for the year
1,566
At 30 June 2025
110,202
Carrying amount
At 30 June 2025
132
At 30 June 2024
1,698
PAL TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2024
215,164
Additions
32,394
Disposals
(36,676)
At 30 June 2025
210,882
Depreciation and impairment
At 1 July 2024
154,375
Depreciation charged in the year
30,151
Eliminated in respect of disposals
(31,446)
At 30 June 2025
153,080
Carrying amount
At 30 June 2025
57,802
At 30 June 2024
60,789
5
Stocks
2025
2024
£
£
Stocks
155,952
109,640
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
20,165
52,118
Other debtors
110,950
88,224
131,115
140,342
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
8,801
10,000
Trade creditors
78,186
6,084
Taxation and social security
8,789
4,328
Other creditors
217,611
161,115
313,387
181,527
PAL TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
9,167
Other creditors
41,443
23,414
41,443
32,581
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