Michael Palmer & Company Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03121094 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2015

FOR

MICHAEL PALMER & COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Michael Palmer

SECRETARY:

Margaret Palmer

REGISTERED OFFICE:

135 Gelderd Road

Leeds

West Yorkshire

LS12 6BE

REGISTERED NUMBER:

03121094 (England and Wales)

ACCOUNTANTS:

Bairstow and Atkinson Chartered Accountants

Carlton House

Bull Close Lane

Halifax

West Yorkshire

HX1 2EG

FIXED ASSETS

Tangible assets

2

4,152

5,535

CURRENT ASSETS

Debtors

19,566

3,083

Cash at bank

78,890

69,621

98,456

72,704

CREDITORS

Amounts falling due within one year

21,718

17,980

NET CURRENT ASSETS

76,738

54,724

TOTAL ASSETS LESS CURRENT LIABILITIES

80,890

60,259

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

80,888

60,257

SHAREHOLDERS' FUNDS

80,890

60,259

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 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 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 director on 29 February 2016 and were signed by:

Michael Palmer - 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 services, 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% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

26,742

DEPRECIATION

At 1 December 2014

21,207

Charge for year

1,383

At 30 November 2015

22,590

NET BOOK VALUE

At 30 November 2015

4,152

At 30 November 2014

5,535

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

£

2

Ordinary

£1

2

2