Abbreviated Company Accounts - J.PALMER(LANDSCAPES)LIMITED

PALMER LANDSCAPES LIMITED - Company Information

00972782 J.PALMER(LANDSCAPES)LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 00972782 2013-04-01 2014-03-31 00972782 2014-03-31 00972782 2013-03-31 00972782 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 00972782 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 00972782

J.PALMER(LANDSCAPES)LIMITED

Abbreviated Accounts

31 March 2014

J.PALMER(LANDSCAPES)LIMITED Registered Number 00972782

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	284,842	337,867
		284,842	337,867
Current assets
Stocks		17,834	26,590
Debtors		566,011	597,828
Cash at bank and in hand		22	9
		583,867	624,427
Creditors: amounts falling due within one year	3	(704,127)	(693,287)
Net current assets (liabilities)		(120,260)	(68,860)
Total assets less current liabilities		164,582	269,007
Creditors: amounts falling due after more than one year	3	(20,274)	(47,381)
Provisions for liabilities		(1,236)	(1,236)
Total net assets (liabilities)		143,072	220,390
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		142,972	220,290
Shareholders' funds		143,072	220,390

For the year ending 31 March 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.

Approved by the Board on 18 July 2014

And signed on their behalf by:
Mrs M Palmer, Director
Mr S Palmer, Director

J.PALMER(LANDSCAPES)LIMITED Registered Number 00972782

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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 April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Freehold land and buildings - Not depreciated
Plant and Machinery - 25% reducing balance
Fixtures, fittings and equipment - 15% reducing balance
Motor Vehicles - 25% reducing balance

Other accounting policies
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Stock and Work In Progress
Stock and work in progress are valued at the lower of cost and net realisable value.

Pensions
The company operates a defined contribution pension scheme for employees. The assets of the
scheme are held separately from those of the company. The annual contributions payable are
charged to the profit and loss account.

Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

2Tangible fixed assets

	£
Cost
At 1 April 2013	986,112
Additions	54,487
Disposals	(80,130)
Revaluations	-
Transfers	-
At 31 March 2014	960,469
Depreciation
At 1 April 2013	648,245
Charge for the year	94,136
On disposals	(66,754)
At 31 March 2014	675,627
Net book values
At 31 March 2014	284,842
At 31 March 2013	337,867

3Creditors

	2014 £	2013 £
Secured Debts	145,164	179,746

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100