NEIL PALMER LIMITED - Limited company - abbreviated

REGISTERED NUMBER: 04641812 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

NEIL PALMER LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

N J Palmer

REGISTERED OFFICE:

15 Hyde End Lane

Spencers Wood

Reading

Berkshire

RG7 1ET

REGISTERED NUMBER:

04641812 (England and Wales)

ACCOUNTANTS:

SRE Associates Limited

15 Ryeish Green

Hyde End Lane

Spencers Wood

Reading

Berkshire

RG7 1ET

FIXED ASSETS

Tangible assets

2

6,040

4,710

CURRENT ASSETS

Stocks

1,150

Debtors

7,698

5,387

Cash at bank and in hand

5,036

11,266

13,884

17,803

CREDITORS

Amounts falling due within one year

16,732

21,016

NET CURRENT LIABILITIES

(2,848

)

(3,213

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,192

1,497

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

3,092

1,397

SHAREHOLDERS' FUNDS

3,192

1,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 7 July 2015 and were signed by:

N J Palmer - 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 represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

13,285

Additions

3,344

At 31 March 2015

16,629

DEPRECIATION

At 1 April 2014

8,575

Charge for year

2,014

At 31 March 2015

10,589

NET BOOK VALUE

At 31 March 2015

6,040

At 31 March 2014

4,710

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

100

Ordinary

£1

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2015 and

31 March 2014:

31.3.15

31.3.14

£

N J Palmer

Balance outstanding at start of year

3,925

Amounts repaid

(4,000

)

-

Balance outstanding at end of year

(75

)

3,925

NEIL PALMER LIMITED - Limited company - abbreviated - 11.6

NEIL PALMER LIMITED - Limited company - abbreviated - 11.6