B. Paletta Limited - Limited company - abbreviated - 11.9
B. Paletta Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31ST MAY 2015 |
| FOR |
| B. PALETTA LIMITED |
| B. PALETTA LIMITED (REGISTERED NUMBER: 05464750) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31ST MAY 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| B. PALETTA LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST MAY 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| BANKERS: |
| B. PALETTA LIMITED (REGISTERED NUMBER: 05464750) |
| ABBREVIATED BALANCE SHEET |
| 31ST MAY 2015 |
| 31.5.15 | 31.5.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| Investment property | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
5 |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| B. PALETTA LIMITED (REGISTERED NUMBER: 05464750) |
| ABBREVIATED BALANCE SHEET - continued |
| 31ST MAY 2015 |
| The financial statements were approved by the Board of Directors on by: |
| B. PALETTA LIMITED (REGISTERED NUMBER: 05464750) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31ST MAY 2015 |
| 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. |
| Goodwill |
| Tangible fixed assets |
| Short leasehold | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| market value is transferred to a revaluation reserve. |
| This is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) which |
| unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties |
| are held for their investment potential and not for use by the company and so their current market value is of |
| prime importance. The departure from the provisions of the Act is required in order to give a true and fair view. |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| B. PALETTA LIMITED (REGISTERED NUMBER: 05464750) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31ST MAY 2015 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st June 2014 |
| and 31st May 2015 |
| AMORTISATION |
| At 1st June 2014 |
| Amortisation for year |
| At 31st May 2015 |
| NET BOOK VALUE |
| At 31st May 2015 |
| At 31st May 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st June 2014 |
| and 31st May 2015 |
| DEPRECIATION |
| At 1st June 2014 |
| Charge for year |
| At 31st May 2015 |
| NET BOOK VALUE |
| At 31st May 2015 |
| At 31st May 2014 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST |
| At 1st June 2014 |
| Disposals | ( |
) |
| At 31st May 2015 |
| NET BOOK VALUE |
| At 31st May 2015 |
| At 31st May 2014 |
| 5. | CREDITORS |
| Creditors include an amount of £ |
| B. PALETTA LIMITED (REGISTERED NUMBER: 05464750) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31ST MAY 2015 |
| 5. | CREDITORS - continued |
| They also include the following debts falling due in more than five years: |
| 31.5.15 | 31.5.14 |
| £ | £ |
| Repayable by instalments | 19,049 | - |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.5.15 | 31.5.14 |
| value: | £ | £ |
| Ordinary | £1 |