Palladian Electronics Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03204320 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2014

for

Palladian Electronics Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G Allan

E A Richardson

SECRETARY:

G Allan

REGISTERED OFFICE:

Sandhurst House

297 Yorktown Road

Sandhurst

Berkshire

GU47 0QA

REGISTERED NUMBER:

03204320 (England and Wales)

ACCOUNTANTS:

PPK Accountants Limited

Sandhurst House

297 Yorktown Road

Sandhurst

Berkshire

GU47 0QA

FIXED ASSETS

Tangible assets

2

-

450

CURRENT ASSETS

Debtors

62,568

25,603

Cash at bank

75,846

88,759

138,414

114,362

CREDITORS

Amounts falling due within one year

44,288

47,810

NET CURRENT ASSETS

94,126

66,552

TOTAL ASSETS LESS CURRENT LIABILITIES

94,126

67,002

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

94,026

66,902

SHAREHOLDERS' FUNDS

94,126

67,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 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 25 March 2015 and were signed on its behalf by:

G Allan - Director

E A Richardson - 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 comprises the value of sales (excluding VAT, similar taxes and trade discounts) of services provided in

the normal course of business. Turnover in respect of service contracts is recognised when the company obtains

the right to receive consideration for services provided.

Tangible fixed assets

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

Computer equipment

-

25% on cost

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 July 2013

and 30 June 2014

1,800

DEPRECIATION

At 1 July 2013

1,350

Charge for year

450

At 30 June 2014

1,800

NET BOOK VALUE

At 30 June 2014

-

At 30 June 2013

450

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100