PALACE LIMITED Accounts filed on 31-12-2014

PALACE LIMITED Accounts filed on 31-12-2014

PALACE LIMITED - Company Information

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PALACE LIMITED




Company Registration Number:
02634846 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st January 2014

End date: 31st December 2014

SUBMITTED

PALACE LIMITED

Company Information
for the Period Ended 31st December 2014




Director: Mary Fisher
David Fisher
Paul Fisher
Company secretary: Mary Fisher
Registered office: 6 Browning Road
Harpenden
Hertfordshire
AL5 4TR
Company Registration Number: 02634846 (England and Wales)

PALACE LIMITED

Abbreviated Balance sheet
As at 31st December 2014

Notes 2014
£		 2013
£
Fixed assets
Tangible assets: 3 1,448 2,429
Total fixed assets: 1,448 2,429
Current assets
Cash at bank and in hand: 6,370 5,622
Total current assets: 6,370 5,622
Creditors
Creditors: amounts falling due within one year 29 0
Net current assets (liabilities): 6,341 5,622
Total assets less current liabilities: 7,789 8,051
Total net assets (liabilities): 7,789 8,051

The notes form part of these financial statements

PALACE LIMITED

Abbreviated Balance sheet
As at 31st December 2014
continued

Notes 2014
£		 2013
£
Capital and reserves
Called up share capital: 4 2 2
Profit and Loss account: 7,787 8,049
Total shareholders funds: 7,789 8,051

For the year ending 31 December 2014 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 07 June 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Mary Fisher
Status: Director

The notes form part of these financial statements

PALACE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements are prepared under the historical cost convention and in accordance with applicable accounting standards

    Turnover policy

    This represents the invoiced amounts of goods sold and provided, net of value added tax. The turnover and pre-tax profit/loss are wholly attributable to the company"s main activity

    Tangible fixed assets depreciation policy

    25% straight line

PALACE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

  • 3. Tangible assets

    Total
    Cost £
    At 01st January 2014: 2,429
    Additions: 0
    Disposals: 0
    At 31st December 2014: 2,429
    Depreciation
    Charge for year: 981
    At 31st December 2014: 981
    Net book value
    At 31st December 2014: 1,448
    At 31st December 2013: 2,429

PALACE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

  • 4. Called up share capital

    Allotted, called up and paid

    Previous period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 2 1.00
    1.00
    		2
    Total share capital: 2
    Current period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 2 1.00
    1.00
    		2
    Total share capital: 2