Palus Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07459129 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Palus Limited

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

4

DIRECTOR:

A C Marsh

SECRETARY:

S G Marsh

REGISTERED OFFICE:

25 Kings Road

Berkhamsted

Hertfordshire

HP4 3BH

REGISTERED NUMBER:

07459129 (England and Wales)

ACCOUNTANTS:

Stewarts Accountants Limited

271 High Street

Berkhamsted

Hertfordshire

HP4 1AA

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages three to four) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Palus Limited for the year ended 31 December 2015 which comprise the Profit and Loss Account, the Balance Sheet

and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Palus Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Palus Limited and state those matters that we have agreed to state to the director of Palus Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Palus Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Palus Limited. You consider that Palus Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Palus Limited. For this reason, we have

not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we

do not, therefore, express any opinion on the statutory financial statements.

Stewarts Accountants Limited

271 High Street

Berkhamsted

Hertfordshire

HP4 1AA

3 March 2016

FIXED ASSETS

Tangible assets

2

1,463

1,673

CURRENT ASSETS

Debtors

-

12,000

Cash at bank

142,225

77,283

142,225

89,283

CREDITORS

Amounts falling due within one year

36,177

26,348

NET CURRENT ASSETS

106,048

62,935

TOTAL ASSETS LESS CURRENT LIABILITIES

107,511

64,608

CAPITAL AND RESERVES

Called up share capital

3

10

10

Profit and loss account

107,501

64,598

SHAREHOLDERS' FUNDS

107,511

64,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 3 March 2016 and were signed by:

A C Marsh - Director

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 services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

2,789

Additions

480

Disposals

(399

)

At 31 December 2015

2,870

DEPRECIATION

At 1 January 2015

1,116

Charge for year

466

Eliminated on disposal

(175

)

At 31 December 2015

1,407

NET BOOK VALUE

At 31 December 2015

1,463

At 31 December 2014

1,673

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

9

Ordinary

£1

9

9

1

Ordinary A

£1

1

1

10

10