Abbreviated Company Accounts - PALMS PALACE LIMITED

Abbreviated Company Accounts - PALMS PALACE LIMITED

PALMS PALACE LIMITED - Company Information

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Registered Number 04674712

PALMS PALACE LIMITED

Abbreviated Accounts

31 July 2016

PALMS PALACE LIMITED Registered Number 04674712

Abbreviated Balance Sheet as at 31 July 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 11,000 12,000
Tangible assets 3 11,324 15,100
22,324 27,100
Current assets
Stocks 7,950 6,750
Debtors 10,598 65,621
Cash at bank and in hand 8,915 17,069
27,463 89,440
Creditors: amounts falling due within one year (68,386) (79,394)
Net current assets (liabilities) (40,923) 10,046
Total assets less current liabilities (18,599) 37,146
Total net assets (liabilities) (18,599) 37,146
Capital and reserves
Called up share capital 2 2
Profit and loss account (18,601) 37,144
Shareholders' funds (18,599) 37,146
  • For the year ending 31 July 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 May 2017

And signed on their behalf by:
Ismael Majed Siza, Director

PALMS PALACE LIMITED Registered Number 04674712

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Intangible fixed assets
£
Cost
At 1 August 2015 20,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2016 20,000
Amortisation
At 1 August 2015 8,000
Charge for the year 1,000
On disposals -
At 31 July 2016 9,000
Net book values
At 31 July 2016 11,000
At 31 July 2015 12,000
3Tangible fixed assets
£
Cost
At 1 August 2015 202,094
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2016 202,094
Depreciation
At 1 August 2015 186,994
Charge for the year 3,776
On disposals -
At 31 July 2016 190,770
Net book values
At 31 July 2016 11,324
At 31 July 2015 15,100