REGISTERED NUMBER: 05464750 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2026

FOR

B. PALETTA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Paletta

J Paletta

SECRETARY:

L Hemmings

REGISTERED OFFICE:

25 Grosvenor Road

Wrexham

LL11 1BT

REGISTERED NUMBER:

05464750 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

Barclays Bank plc

51-52 Hope Street

Wrexham

LL11 1BB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

4,569

7,557

Investment property

6

195,197

195,197

199,766

202,754

CURRENT ASSETS

Stocks

7

59,648

56,570

Debtors

8

3,583

3,606

Cash at bank and in hand

48,915

72,385

112,146

132,561

CREDITORS

Amounts falling due within one year

9

173,755

200,972

NET CURRENT LIABILITIES

(61,609

)

(68,411

)

TOTAL ASSETS LESS CURRENT LIABILITIES

138,157

134,343

PROVISIONS FOR LIABILITIES

11

1,142

1,890

NET ASSETS

137,015

132,453

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

136,915

132,353

SHAREHOLDERS' FUNDS

137,015

132,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th August 2026 and were signed on its behalf by:

B Paletta - Director

J Paletta - Director

1.	STATUTORY INFORMATION

B. Paletta 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

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.

Tangible fixed assets

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

Short leasehold

-

The length of the lease

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Statement of Income and Retained Earnings, 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.

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 17 (2025 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st June 2025

and 31st May 2026

550,000

AMORTISATION

At 1st June 2025

and 31st May 2026

550,000

NET BOOK VALUE

At 31st May 2026

-

At 31st May 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st June 2025

and 31st May 2026

12,547

77,490

24,261

12,807

127,105

DEPRECIATION

At 1st June 2025

12,547

70,084

24,261

12,656

119,548

Charge for year

-

2,926

-

62

2,988

At 31st May 2026

12,547

73,010

24,261

12,718

122,536

NET BOOK VALUE

At 31st May 2026

-

4,480

-

89

4,569

At 31st May 2025

-

7,406

-

151

7,557

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st June 2025

and 31st May 2026

195,197

NET BOOK VALUE

At 31st May 2026

195,197

At 31st May 2025

195,197

7.

STOCKS

31.5.26

31.5.25

£

£

Goods for resale

59,648

56,570

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

£

Other debtors

111

380

Prepayments

3,472

3,226

3,583

3,606

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

£

Bank loans and overdrafts

622

9,812

Trade creditors

93,704

95,101

Tax

20,693

20,101

Social security and other taxes

2,200

2,515

VAT

11,766

14,673

Other creditors

12,000

30,000

Directors' current accounts

27,926

25,242

Accrued expenses

4,844

3,528

173,755

200,972

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.26

31.5.25

£

£

Bank overdrafts

622

9,812

11.	PROVISIONS FOR LIABILITIES

31.5.26

31.5.25

£

£

Deferred tax

Accelerated capital allowances

1,142

1,890

Deferred

tax

£

Balance at 1st June 2025

1,890

Movement in year due to:

changes in tax rates

changes in tax allowances

(748

)

Balance at 31st May 2026

1,142

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.26

31.5.25

value:

£

£

100

Ordinary

£1

100

100

13.	CAPITAL COMMITMENTS

31.5.26

31.5.25

£

£

Contracted but not provided for in the

financial statements

-

-

14.	ULTIMATE CONTROLLING PARTY

The controlling party is B Paletta.