Paloma Publishing Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07378509 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

PALOMA PUBLISHING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

I S Marshall

SECRETARY:

Mrs S B Marshall

REGISTERED OFFICE:

1 Swan Wood Park

Gun Hill

Horam

East Sussex

TN21 0LL

REGISTERED NUMBER:

07378509 (England and Wales)

ACCOUNTANTS:

Aequitas Limited

1 Swan Wood Park

Gun Hill

Horam

East Sussex

TN21 0LL

FIXED ASSETS

Tangible assets

2

681

791

CURRENT ASSETS

Debtors

2,676

3,538

Cash at bank

7,272

133

9,948

3,671

CREDITORS

Amounts falling due within one year

5,355

2,831

NET CURRENT ASSETS

4,593

840

TOTAL ASSETS LESS CURRENT LIABILITIES

5,274

1,631

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

5,174

1,531

SHAREHOLDERS' FUNDS

5,274

1,631

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 28 June 2016 and were signed by:

I S Marshall - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, 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.

Fixtures and fittings

-

15% 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 October 2014

and 30 September 2015

1,500

DEPRECIATION

At 1 October 2014

709

Charge for year

110

At 30 September 2015

819

NET BOOK VALUE

At 30 September 2015

681

At 30 September 2014

791

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.15

30.9.14

value:

£

£

100

Ordinary

£1.00

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2015

and 30 September 2014:

30.9.15

30.9.14

£

£

I S Marshall

Balance outstanding at start of year

3,538

4,250

Amounts repaid

(3,538

)

(4,250

)

Balance outstanding at end of year

2,676

3,538

The loan to director was repaid shortly after the year end.