Palmera Capital Limited,Ltd - Accounts

Palmera Capital Limited,Ltd - Accounts

PALMERA CAPITAL LIMITED - Company Information

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2014-09-18 true false Private Limited Company 09224076 2015-09-30 09224076 2014-09-18 2015-09-30 09224076 uk-bus:Director1 2014-09-18 2015-09-30 09224076 uk-gaap:ComputerEquipment 2014-09-18 2015-09-30 09224076 uk-bus:OrdinaryShareClass1 2014-09-18 2015-09-30 iso4217:GBP
Palmera Capital Limited
For the period ended 30 September 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 09224076
2
Contents Page
Palmera Capital Limited
For the period ended 30 September 2015
1
Balance Sheet
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Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Palmera Capital Limited
As at 30 September 2015
09224076
Registered Number :
£
2015
Notes
Fixed assets
Tangible assets
2
1,857
1,857
Current assets
Debtors
56,250
Cash at bank and in hand
132
56,382
Creditors: amounts falling due within one year
(20,617)
35,765
Net current assets
Total assets less current liabilities
37,622
(371)
Provisions for liabilities
37,251
Net assets/liabilities
Capital and reserves
Called up share capital
100
3
Profit and loss account
37,151
37,251
Shareholders funds
For the period ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476;
2) The director acknowledges his 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.
Date approved by the board: 29 January 2016
Gokhan Tezcan Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
For the period ended 30 September 2015
Palmera Capital Limited
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 services supplied by the company.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
Tangible fixed assets
Tangible fixed assets 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:
Equipment
25% Reducing balance
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
2,476
Additions
At 30 September 2015
2,476
Depreciation
619
Charge for period
619
At 30 September 2015
Net book values
At 30 September 2015
1,857
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5
Notes to the Abbreviated Financial Statements
For the period ended 30 September 2015
Palmera Capital Limited
3 Share capital
Allotted called up and fully paid
2015
£
100 Ordinary Shares shares of £1.00 each
100
100
100 Ordinary Shares £1.00 shares have been issued during the period at par for a cash consideration of £100.
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