PALIKA TECHNOLOGIES LIMITED - Accounts

PALIKA TECHNOLOGIES LIMITED - Accounts

PALIKA TECHNOLOGIES LIMITED - Company Information

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2014-04-01 true false Private Limited Company 07756560 2014-04-01 2015-03-31 07756560 2015-03-31 07756560 uk-bus:RegisteredOffice 2014-04-01 2015-03-31 07756560 uk-bus:AllEntityOfficers 2014-04-01 2015-03-31 07756560 uk-bus:EntityAccountantsOrAuditors 2014-04-01 2015-03-31 07756560 uk-bus:EntityAccountantsOrAuditors 2015-03-31 07756560 uk-gaap:WithinOneYear 2015-03-31 07756560 uk-bus:Director1 2014-04-01 2015-03-31 07756560 uk-bus:Director1 2015-03-31 07756560 uk-bus:Director1 2013-04-01 2014-03-31 07756560 2013-04-01 07756560 2013-04-01 2014-03-31 07756560 2014-03-31 07756560 uk-gaap:WithinOneYear 2014-03-31 07756560 uk-bus:AllEntityOfficers 2013-04-01 2014-03-31 07756560 uk-bus:EntityAccountantsOrAuditors 2013-04-01 2014-03-31 07756560 uk-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 07756560 uk-bus:OrdinaryShareClass1 2015-03-31 07756560 uk-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 07756560 uk-bus:OrdinaryShareClass1 2014-03-31 07756560 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2014-04-01 2015-03-31 07756560 uk-gaap:FixturesFittings 2014-04-01 2015-03-31 07756560 uk-gaap:FixturesFittings 2015-03-31 07756560 uk-gaap:FixturesFittings 2014-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number : 07756560
England and Wales

 

 

 

PALIKA TECHNOLOGIES LIMITED


Abbreviated Accounts
 


Period of accounts

Start date: 01 April 2014

End date: 31 March 2015

PALIKA TECHNOLOGIES LIMITED
Contents Page
For the year ended 31 March 2015
 
 		 Notes
 		 2015
£		   2014
£
Fixed assets      
Tangible fixed assets 2 232    309 
232    309 
Current assets      
Debtors 9,558    11,549 
Cash at bank and in hand 4,097    1,828 
13,655    13,376 
Creditors: amount falling due within one year (8,028)   (7,908)
Net current assets 5,627    5,468 
Total assets less current liabilities 5,859    5,777 
Net assets 5,859    5,777 

Capital and reserves 		     
Called up share capital 3 1    1 
Profit and loss account 5,858    5,776 
Shareholders funds 5,859    5,777 


For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.
Signed on behalf of the board of directors


.............................................................................
Mr. Durga M Palika
Director
Date approved by the board: 21 August 2015
1
1.

Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings 25% Reducing Balance
2.

Tangible fixed assets

Cost or Valuation Fixtures and Fittings   Total
  £   £
At 01 April 2014 550    550 
Additions -    - 
Disposals -    - 
At 31 March 2015 550    550 
Depreciation
At 01 April 2014 241    241 
Charge for year 77    77 
On disposals -    - 
At 31 March 2015 318    318 
Net book values
At 31 March 2015 232    232 
At 01 April 2014 309    309 



3.

Share Capital

Allotted
2015
£		   2014
£
1 Ordinary Shares shares of £1.00 each 1    1 
1    1 

2