Company registration number NI613694 (Northern Ireland)
PALYN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
PALYN LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
PALYN LIMITED
BALANCE SHEET
AS AT 31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
29,079
19,575
Current assets
Debtors
5
7,882
360
Cash at bank and in hand
360,798
327,521
368,680
327,881
Creditors: amounts falling due within one year
6
(91,796)
(104,662)
Net current assets
276,884
223,219
Total assets less current liabilities
305,963
242,794
Creditors: amounts falling due after more than one year
7
(20,661)
(11,942)
Provisions for liabilities
(5,541)
-
Net assets
279,761
230,852
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
279,759
230,850
Total equity
279,761
230,852
PALYN LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2026
31 March 2026
- 2 -

These financial statments have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the financial year ended 31 March 2026 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.

Directors' responsibilities:

- The 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 Act 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 financial statements were approved by the board of directors and authorised for issue on 8 July 2026 and are signed on its behalf by:
Mr P C Jackson
Director
Company registration number NI613694 (Northern Ireland)
PALYN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
1
Accounting policies
Company information

Palyn Limited is a private company limited by shares incorporated in Northern Ireland. The registered office is 55 Drumlin Road, Donaghcloney, Co Down, BT66 7NJ.

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 basis.

1.2
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services rendered, net of discounts and Value Added Tax.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Tangible fixed assets

All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
NIL%
Plant and equipment
25% reducing balance
Equipment
33% straight line
Motor vehicles
25% reducing balance
1.4
Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.5
Taxation

Corporation tax is recognised on taxable profit for the current and past periods. Corporation tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

PALYN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
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.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Retirement benefits

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measure on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

1.7
Leases

At each financial period end, the lease liability is adjusted to reflect payments made and interest accrued. Also, the lease liability is remeasured to reflect lease modifications and any changes to the factors considered at initial measurement, as set out above. When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset, or recognised in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.

1.8

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

PALYN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
3
Employees

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

2026
2025
Number
Number
Total
2
2
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2025
6,916
24,312
31,228
Additions
-
0
29,389
29,389
Disposals
-
0
(15,703)
(15,703)
At 31 March 2026
6,916
37,998
44,914
Depreciation and impairment
At 1 April 2025
-
0
11,653
11,653
Depreciation charged in the year
-
0
7,449
7,449
Eliminated in respect of disposals
-
0
(3,267)
(3,267)
At 31 March 2026
-
0
15,835
15,835
Carrying amount
At 31 March 2026
6,916
22,163
29,079
At 31 March 2025
6,916
12,659
19,575
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
-
0
360
Other debtors
7,882
-
0
7,882
360
PALYN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
3,000
3,000
Trade creditors
7,142
2,710
Corporation tax
55,702
76,272
Other taxation and social security
15,070
20,643
Other creditors
10,882
2,037
91,796
104,662
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
9,150
11,942
Other creditors
11,511
-
0
20,661
11,942
2026-03-31 2025-04-01 false false false 08 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr Paul Jackson Mrs L Jackson Mrs L Jackson NI613694 2025-04-01 2026-03-31 NI613694 2026-03-31 NI613694 2025-03-31 NI613694 core:LandBuildings 2026-03-31 NI613694 core:OtherPropertyPlantEquipment 2026-03-31 NI613694 core:LandBuildings 2025-03-31 NI613694 core:OtherPropertyPlantEquipment 2025-03-31 NI613694 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 NI613694 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 NI613694 core:Non-currentFinancialInstruments core:AfterOneYear 2026-03-31 NI613694 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 NI613694 core:CurrentFinancialInstruments 2026-03-31 NI613694 core:CurrentFinancialInstruments 2025-03-31 NI613694 core:ShareCapital 2026-03-31 NI613694 core:ShareCapital 2025-03-31 NI613694 core:RetainedEarningsAccumulatedLosses 2026-03-31 NI613694 core:RetainedEarningsAccumulatedLosses 2025-03-31 NI613694 bus:Director1 2025-04-01 2026-03-31 NI613694 core:LandBuildings core:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 NI613694 core:PlantMachinery 2025-04-01 2026-03-31 NI613694 core:ComputerEquipment 2025-04-01 2026-03-31 NI613694 core:MotorVehicles 2025-04-01 2026-03-31 NI613694 2024-04-01 2025-03-31 NI613694 core:LandBuildings 2025-03-31 NI613694 core:OtherPropertyPlantEquipment 2025-03-31 NI613694 2025-03-31 NI613694 core:LandBuildings 2025-04-01 2026-03-31 NI613694 core:OtherPropertyPlantEquipment 2025-04-01 2026-03-31 NI613694 core:Non-currentFinancialInstruments 2026-03-31 NI613694 core:Non-currentFinancialInstruments 2025-03-31 NI613694 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 NI613694 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 NI613694 bus:FRS102 2025-04-01 2026-03-31 NI613694 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 NI613694 bus:Director2 2025-04-01 2026-03-31 NI613694 bus:CompanySecretary1 2025-04-01 2026-03-31 NI613694 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP