REGISTERED NUMBER: 12700238 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Palisadesecure Technologies Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

L Drewer

REGISTERED OFFICE:

1434 London Road

Leigh on Sea

Essex

SS9 2UL

REGISTERED NUMBER:

12700238 (England and Wales)

ACCOUNTANTS:

Butlers Chartered Accountants

1434 London Road

Leigh on Sea

Essex

SS9 2UL

FIXED ASSETS

Tangible assets

4

7,212

4,880

CURRENT ASSETS

Debtors

5

516,223

551,615

Cash at bank

29,874

33,874

546,097

585,489

CREDITORS

Amounts falling due within one year

6

551,833

588,979

NET CURRENT LIABILITIES

(5,736

)

(3,490

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,476

1,390

PROVISIONS FOR LIABILITIES

1,370

927

NET ASSETS

106

463

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

6

363

SHAREHOLDERS' FUNDS

106

463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 3 March 2026 and were signed by:

L Drewer - Director

1.	STATUTORY INFORMATION

Palisadesecure Technologies Ltd 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.

Computer equipment

-

20% on reducing balance

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2024

6,876

Additions

4,135

At 30 June 2025

11,011

DEPRECIATION

At 1 July 2024

1,996

Charge for year

1,803

At 30 June 2025

3,799

NET BOOK VALUE

At 30 June 2025

7,212

At 30 June 2024

4,880

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

75,717

96,574

Other debtors

440,506

455,041

516,223

551,615

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

22,819

22,339

Trade creditors

537

-

Taxation and social security

528,477

409,494

Other creditors

-

157,146

551,833

588,979

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2025 and 30 June 2024:

30.6.25

30.6.24

£

£

L Drewer

Balance outstanding at start of year

159,231

162,187

Amounts advanced

49,846

143,895

Amounts repaid

(171,357

)

(146,851

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

37,720

159,231

Beneficial loan interest charged at official interest rate of 3.5%. Loan to be repaid within 9 months of year end.

8.	RELATED PARTY DISCLOSURES

PalisadeSECURE Systems Ltd

A company in which Mr Drewer is director and shareholder

A the beginning of the year PalisadeSECURE Systems Ltd owed Palisadesecure Technologies Ltd £197,679.

During the year Palisadesecure Technologies Ltd loaned PalisadeSECURE Systems Ltd an additional amount of £107,335.54.

At the end of the year PalisadeSECURE Systems Ltd owed Palisadesecure Technologies Ltd £305,014.54

30.6.25

30.6.24

£

£

Amount due from related party at the balance sheet date

305,014

197,679

CEO Mentor Ltd

A company in which Mr Drewer is a director and shareholder

At the beginning of the year CEO Mentor Ltd owed Palisadesecure Technologies Ltd £31,514.81.

During the year Palisadesecure Technologies Ltd loaned an additional amount to CEO Mentor Ltd £1,820.

At the end of the year CEO Mentor Ltd owed Palisadesecure Technologies Ltd £33,334.81.

30.6.25

30.6.24

£

£

Amount due from related party at the balance sheet date

33,334

31,514

9.	ULTIMATE CONTROLLING PARTY

The controlling party is L Drewer.

Due to his directorship and majority shareholding.