Pal Entertainments Ltd Accounts






Pal Entertainments Ltd

	Company No. 08031663
		Information for Filing with The Registrar
		30 April 2026

The Directors present their report and the accounts for the year ended 30 April 2026.

Principal activities
The principal activity of the company during the year under review was . Retail sale of clothing in specialised stores, Performing arts and Support activities to performing arts.




Directors

The Directors who served at any time during the year were as follows:

K.L. Wilkins
P. Wilkins








































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

P. Wilkins
Director
07 October 2026

at	30 April 2026
Company No.		08031663	Notes	2026	2025
				£	£
Fixed assets

	Tangible assets		5	33	49


				33	49
Current assets
	Stocks		6	2,546	1,873
	Debtors		7	522	589

	Cash at bank and in hand			18	132
				3,086	2,594
Creditors: Amount falling due within one year			8	(25,539)	(24,701)
Net current liabilities				(22,453)	(22,107)
Total assets less current liabilities				(22,420)	(22,058)
Creditors: Amounts falling due after more than one year			9	(2,684)	(7,283)



Net liabilities				(25,104)	(29,341)

Capital and reserves
	Called up share capital			2	2



	Profit and loss account		11	(25,106)	(29,343)

Total equity				(25,104)	(29,341)



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

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



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 07 October 2026 and signed on its behalf by:
P. Wilkins
Director
07 October 2026

for the year ended 30 April 2026

General information

Pal Entertainments Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 08031663

Its registered office is:

Marsh End Low Street

Brotherton

Knottingley

North Yorkshire

WF11 9HQ

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Going concern

The directors have considered the company’s financial position and cash flow forecasts and are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis

Accounting policies

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;
• the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is
passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

33% Reducing Balance

Leased assets

The company did not have any leased assets or right-of-use assets during the year.

Taxation

Income tax expense represents the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3	Employees
			2026	2025
			Number	Number
		The average monthly number of employees (including directors) during the year was:	1	1

4	Taxation
		(a) Tax on profit on ordinary activities	2026
		The tax charge is made up as follows:	£
		UK corporation tax










		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Lower	2026	2025
		-1059	£	£
		Profit on ordinary activities before tax	4,237	2,101

		Standard rate of corporation tax in the United Kingdom	25%	25%

		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	1,059	525
		Other tax adjustments and allowances	(1,059)	(525)

5	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 May 2025	2,546	2,546




		At 30 April 2026	2,546	2,546
		Depreciation
		At 1 May 2025	2,497	2,497
		Charge for the year	16	16



		At 30 April 2026	2,513	2,513
		Net book values
		At 30 April 2026	33	33
		At 30 April 2025	49	49

6	Stocks
			2026	2025
			£	£


		Finished goods	2,546	1,873
			2,546	1,873

7	Debtors
			2026	2025
			£	£






		Other debtors	-	119
		Prepayments and accrued income	522	470
			522	589

8	Creditors:
		amounts falling due within one year
			2026	2025
			£	£

		Bank loans and overdrafts	2,313	64


		Trade creditors	114	784


		Loans from directors	22,981	23,795
		Other creditors	131	58

			25,539	24,701

9	Creditors:
		amounts falling due after more than one year
			2026	2025
			£	£

		Bank loans and overdrafts	2,684	7,283






			2,684	7,283

Share Capital

2 Ordinary Shares of £1.00 each were called up and fully paid.

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.