Abbreviated Company Accounts - PALICOMP LIMITED

04997967 PALICOMP LIMITED 2015-01-31 false 2014-02-01 2015-01-31 true 04997967 2014-02-01 2015-01-31 04997967 2015-01-31 04997967 2014-01-31 04997967 uk-gaap-cd-bus:Director1 2014-02-01 2015-01-31 04997967 uk-gaap-cd-bus:Director2 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 iso4217:GBP shares

Registered Number 04997967

PALICOMP LIMITED

Abbreviated Accounts

31 January 2015

PALICOMP LIMITED Registered Number 04997967

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	6,792	8,490
		6,792	8,490
Current assets
Stocks		210,588	194,699
Debtors		70,629	81,983
Cash at bank and in hand		23,378	97,937
		304,595	374,619
Creditors: amounts falling due within one year		(169,410)	(235,983)
Net current assets (liabilities)		135,185	138,636
Total assets less current liabilities		141,977	147,126
Total net assets (liabilities)		141,977	147,126
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		141,975	147,124
Shareholders' funds		141,977	147,126

For the year ending 31 January 2015 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 5 May 2015

And signed on their behalf by:
P Paliwoda, Director

PALICOMP LIMITED Registered Number 04997967

Notes to the Abbreviated Accounts for the period ended 31 January 2015

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 January 2015.

Turnover policy
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment & fixtures 20% per annum of net book value

Other accounting policies
Stocks
Stock is valued at the lower of cost and net realisable value.

Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Tangible fixed assets

	£
Cost
At 1 February 2014	28,244
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	28,244
Depreciation
At 1 February 2014	19,754
Charge for the year	1,698
On disposals	-
At 31 January 2015	21,452
Net book values
At 31 January 2015	6,792
At 31 January 2014	8,490

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2