Accounts filed on 31-07-2015
Accounts filed on 31-07-2015
truePALACE SUPERMARKET LIMITED069069722015-07-313375325716338532581610010033853258163385325816-9032-2611948499203991394671778721878912151912126918485524716942885519354288551935Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Consolidation
In the opinion of the director, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the
exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Fixed Assets
All fixed assets are initially recorded at cost.
Fixtures & FittingsMethod for Fixtures & fittings0.0000Leasehold PropertyMethod for Leasehold property0.0000977359773554850458009050977359773554850458009050Ordinary1000110001000Ordinary11001001002016-06-03 Wahidullah Mohammaditruetruetruetruexbrli:sharesiso4217:GBPxbrli:purePALACE SUPERMARKET LIMITED2014-08-012015-07-31PALACE SUPERMARKET LIMITED2013-08-012014-07-31PALACE SUPERMARKET LIMITED2013-07-31PALACE SUPERMARKET LIMITED2014-07-31PALACE SUPERMARKET LIMITED2014-07-31PALACE SUPERMARKET LIMITED2015-07-31 2016-06-03
