PalisadeSECURE Systems Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 13910009 (England and Wales)

Unaudited Financial Statements

for the Period 11 February 2022 to 28 February 2023

for

PalisadeSECURE Systems Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L Drewer

A Stanton

REGISTERED OFFICE:

Burley House

15 High Street

Rayleigh

Essex

SS6 7EW

REGISTERED NUMBER:

13910009 (England and Wales)

ACCOUNTANTS:

Butlers Chartered Accountants

Suite 6 Burley House

15 High Street

Rayleigh

Essex

SS6 7EW

FIXED ASSETS

Intangible assets

4

47,730

CURRENT ASSETS

Debtors

5

74,470

Cash at bank and in hand

451

74,921

CREDITORS

Amounts falling due within one year

6

53,665

NET CURRENT ASSETS

21,256

TOTAL ASSETS LESS CURRENT LIABILITIES

68,986

PROVISIONS FOR LIABILITIES

2,351

NET ASSETS

66,635

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

66,535

66,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by:

L Drewer - Director

1.	STATUTORY INFORMATION

PalisadeSECURE Systems Ltd 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.

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.

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.

Computer software is being amortised evenly over its estimated useful life of seven years.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

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 period was 1 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

55,685

At 28 February 2023

55,685

AMORTISATION

Charge for period

7,955

At 28 February 2023

7,955

NET BOOK VALUE

At 28 February 2023

47,730

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

72,670

Other debtors

1,800

74,470

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

2,345

Taxation and social security

17,010

Other creditors

34,310

53,665