Palindrome Sports Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06541955 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2015

for

Palindrome Sports Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr R I A Griffiths

Mrs H E Griffiths

SECRETARY:

Mrs H E Griffiths

REGISTERED OFFICE:

238 Station Road

Addlestone

Surrey

KT15 2PS

REGISTERED NUMBER:

06541955 (England and Wales)

ACCOUNTANTS:

Turner Hampton

Chartered Certified Accountants

238 Station Road

Addlestone

Surrey

KT15 2PS

FIXED ASSETS

Tangible assets

2

2,729

5,210

CURRENT ASSETS

Debtors

59,845

45,235

Cash at bank

20,005

1

79,850

45,236

CREDITORS

Amounts falling due within one year

(81,911

)

(49,332

)

NET CURRENT LIABILITIES

(2,061

)

(4,096

)

TOTAL ASSETS LESS CURRENT LIABILITIES

668

1,114

PROVISIONS FOR LIABILITIES

(546

)

(972

)

NET ASSETS

122

142

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

22

42

SHAREHOLDERS' FUNDS

122

142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 24 December 2015 and were signed on its behalf by:

Mr R I A Griffiths - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with

the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% straight line

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

10,896

DEPRECIATION

At 1 April 2014

5,686

Charge for year

2,481

At 31 March 2015

8,167

NET BOOK VALUE

At 31 March 2015

2,729

At 31 March 2014

5,210

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary Class A

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2015 and

31 March 2014:

31.3.15

31.3.14

£

£

Mr R I A Griffiths and Mrs H E Griffiths

Balance outstanding at start of year

33,098

1,055

Amounts repaid

-

-

Balance outstanding at end of year

25,513

33,098