Palace Media Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09030281

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		6,334
Tangible Assets	5		19,768		23,719

			19,768		30,053
CURRENT ASSETS
Debtors	6	324,706		312,447
Cash at bank and in hand		111,083		485,190

		435,789		797,637
Creditors: Amounts Falling Due Within One Year	7	(225,350 )		(197,516 )

NET CURRENT ASSETS (LIABILITIES)			210,439		600,121

TOTAL ASSETS LESS CURRENT LIABILITIES			230,207		630,174

Creditors: Amounts Falling Due After More Than One Year	8		(10,001 )		(20,001 )

NET ASSETS			220,206		610,173

CAPITAL AND RESERVES
Called up share capital	9		129		129
Share premium account			1,549,981		1,549,981
Profit and Loss Account			(1,329,904 )		(939,937 )

SHAREHOLDERS' FUNDS			220,206		610,173

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Palace Media Limited

Balance Sheet (continued)

As At 31 May 2025

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Bradley Jarvis

Director

23rd February 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Palace Media Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09030281 . The registered office is Suite 1e, Widford Business Centre, 33 Robjohns Road, Chelmsford, Essex, CM1 3AG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25%
Computer Equipment	25%

3. Average Number of Employees

Average number of employees, including directors, during the year was: 26 (2024: 31)

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Palace Media Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 June 2024	28,500

As at 31 May 2025	28,500

Amortisation
As at 1 June 2024	22,166
Provided during the period	6,334

As at 31 May 2025	28,500

Net Book Value
As at 31 May 2025	-

As at 1 June 2024	6,334

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 June 2024	31,458	48,238	79,696
Additions	100	2,083	2,183

As at 31 May 2025	31,558	50,321	81,879

Depreciation
As at 1 June 2024	19,692	36,285	55,977
Provided during the period	2,950	3,184	6,134

As at 31 May 2025	22,642	39,469	62,111

Net Book Value
As at 31 May 2025	8,916	10,852	19,768

As at 1 June 2024	11,766	11,953	23,719

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	281,076	268,817
Due after more than one year
Other debtors	43,630	43,630

	324,706	312,447

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Palace Media Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	1
Other creditors	146,568	113,333
Taxation and social security	78,782	84,182

	225,350	197,516

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	10,001	20,001

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	129	129

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