Company registration number: 13840206
Annual report and unaudited financial statements
for the year ended 31 January 2026
for
Paletas Limited
Pages for filing with the Registrar
Company registration number: 13840206
Paletas Limited
Balance sheet
as at 31 January 2026
2026 2025
Note £ £ £ £
Fixed assets
Goodwill 4 2,400 4,800
Tangible assets 5 34,610 30,462
37,010 35,262
Current assets
Debtors 6 226 -
Cash at bank and in hand 91,452 50,592
91,678 50,592
Creditors: amounts falling due within one year
7 (44,036) (73,115)
Net current assets/(liabilities) 47,642 (22,523)
Total assets less current liabilities 84,652 12,739
NET ASSETS 84,652 12,739
Capital and reserves
Called up share capital 100 100
Profit and loss account 84,552 12,639
TOTAL EQUITY 84,652 12,739
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 January 2026.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 13840206
Paletas Limited
Balance sheet - continued
as at 31 January 2026
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Ms S Davidson, Director
26 October 2026
2
Paletas Limited
Notes to the financial statements
for the year ended 31 January 2026
1 Company information
Paletas Limited is a private company registered in England and Wales. Its registered number is 13840206. The company is limited by shares. Its registered office is 25a Merton Road, Bristol, BS7 8TL.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 is being amortised on the following basis: Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five 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.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
3
Paletas Limited
Notes to the financial statements - continued
for the year ended 31 January 2026
2 Accounting policies - continued
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% straight line
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 3 (2025 - 2).
4 Goodwill
£
Cost
At 1 February 2025 12,000
At 31 January 2026 12,000
Amortisation
At 1 February 2025 7,200
Charge for year 2,400
At 31 January 2026 9,600
Net book value
At 31 January 2026 2,400
At 31 January 2025 4,800
4
Paletas Limited
Notes to the financial statements - continued
for the year ended 31 January 2026
5 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 1 February 2025 47,834
Additions 14,181
At 31 January 2026 62,015
Depreciation
At 1 February 2025 17,372
Charge for year 10,033
At 31 January 2026 27,405
Net book value
At 31 January 2026 34,610
At 31 January 2025 30,462
6 Debtors
2026 2025
£ £
Prepayments and accrued income 226 -
7 Creditors: amounts falling due within one year
2026 2025
£ £
Bank loans and overdrafts 5 -
Amounts owed to group undertakings 13,648 19,531
Amounts owed to directors 7,292 40,414
Taxation 22,371 12,067
VAT payable - 383
Accruals and deferred income 720 720
44,036 73,115
5