Palmer's Surveyors Limited - Abbreviated accounts

Registered number

06756691

Palmer's Surveyors Limited

Abbreviated Accounts

31 December 2015

Palmer's Surveyors Limited
Registered number:		06756691
Abbreviated Balance Sheet
as at 31 December 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		4,365			2,915

Current assets
Debtors		3,955			3,108
Cash at bank and in hand		125,064			67,086
		129,019			70,194

Creditors: amounts falling due within one year		(41,645)			(31,865)

Net current assets			87,374			38,329

Net assets			91,739			41,244

Capital and reserves
Called up share capital	3		1			1
Profit and loss account			91,738			41,243

Shareholder's funds			91,739			41,244

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



G D Palmer
Director
Approved by the board on 7 March 2016

Palmer's Surveyors Limited
Notes to the Abbreviated Accounts
for the year ended 31 December 2015

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% reducing balance

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 January 2015					6,718
	Additions					2,905
	At 31 December 2015					9,623

	Depreciation
	At 1 January 2015					3,803
	Charge for the year					1,455
	At 31 December 2015					5,258

	Net book value
	At 31 December 2015					4,365
	At 31 December 2014					2,915


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1		1		1