| PALLY SCREEN PRINTING LIMITED |
| Registered number: |
03329081 |
| Balance Sheet |
| as at 31 December 2019 |
|
| Notes |
|
|
2019 |
|
|
2018 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
190,000 |
|
|
50,000 |
|
| Current assets |
| Debtors |
4 |
|
96,883 |
|
|
94,583 |
| Cash at bank and in hand |
|
|
55,213 |
|
|
197,695 |
|
|
|
152,096 |
|
|
292,278 |
|
| Creditors: amounts falling due within one year |
5 |
|
(7,096) |
|
|
(9,013) |
|
| Net current assets |
|
|
|
145,000 |
|
|
283,265 |
|
| Net assets |
|
|
|
335,000 |
|
|
333,265 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,000 |
|
|
1,000 |
| Profit and loss account |
|
|
|
334,000 |
|
|
332,265 |
|
| Shareholders' funds |
|
|
|
335,000 |
|
|
333,265 |
|
|
|
|
|
|
|
|
| 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 members have 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| J. Singh |
| Director |
| Approved by the board on 21 December 2020 |
|
| PALLY SCREEN PRINTING LIMITED |
| Notes to the Accounts |
| for the year ended 31 December 2019 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
| 2 |
Employees |
2019 |
|
2018 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 January 2019 |
50,000 |
|
Additions |
140,000 |
|
|
At 31 December 2019 |
190,000 |
|
|
|
|
| 4 |
Debtors |
2019 |
|
2018 |
| £ |
£ |
|
|
Trade debtors |
96,883 |
|
93,083 |
|
Other debtors |
- |
|
1,500 |
|
|
|
|
|
|
96,883 |
|
94,583 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Trade creditors |
250 |
|
5,269 |
|
Accrued expenses |
|
|
|
|
3,360 |
|
2,880 |
|
Other creditors |
3,486 |
|
864 |
|
|
|
|
|
|
7,096 |
|
9,013 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
PALLY SCREEN PRINTING LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
Hayre Building |
|
Ulverscroft Road |
|
Leicester |
|
LE4 6BY |
