Palus Limited - Limited company accounts 22.3

REGISTERED NUMBER: 07459129 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2022

for

Palus Limited

Page

Chartered Accountants' Report

1

Income Statement

2

Balance Sheet

3

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Palus Limited for the year ended 31 December 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Palus Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Palus Limited and state those matters that we have agreed to state to the director of Palus Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Palus Limited and its director for our work or for this report.

It is your duty to ensure that Palus Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Palus Limited. You consider that Palus Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Palus Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stewarts Accountants Limited

271 High Street

Berkhamsted

Hertfordshire

HP4 1AA

Date: .............................................

TURNOVER

87,513

72,027

Other income

498

1,848

Staff costs

(390

)

-

Depreciation and other amounts written off assets

(4,940

)

(3,715

)

Other charges

(270

)

(18,035

)

Taxation

(16,411

)

(4,224

)

PROFIT

66,000

47,901

FIXED ASSETS

26,849

30,918

CURRENT ASSETS

487,546

408,963

CREDITORS

Amounts falling due within one year

(23,811

)

(13,297

)

NET CURRENT ASSETS

463,735

395,666

TOTAL ASSETS LESS CURRENT LIABILITIES

490,584

426,584

CAPITAL AND RESERVES

490,584

426,584

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Palus Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07459129

Registered office:

25 Kings Road

Berkhamsted

Herts

HP4 3BH

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 1 (2021 - NIL ) .

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the micro-entity provisions.

The financial statements were approved by the director and authorised for issue on 31 March 2023 and were signed by:

A C Marsh - Director