PALIKA TECHNOLOGIES LIMITED - Accounts

PALIKA TECHNOLOGIES LIMITED - Company Information

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Registered Number : 07756560

England and Wales

PALIKA TECHNOLOGIES LIMITED

Abbreviated Accounts

Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

PALIKA TECHNOLOGIES LIMITED
Contents Page
For the year ended 31 March 2016

Balance Sheet
Notes to the Financial Statement

PALIKA TECHNOLOGIES LIMITED
Balance Sheet
As at 31 March 2016

	Notes	2016 £	2015 £
Fixed assets
Tangible fixed assets	2	174	232
		174	232
Current assets
Debtors		10,622	9,558
Cash at bank and in hand		1,711	4,097
		12,333	13,655
Creditors: amount falling due within one year		(10,326)	(8,028)
Net current assets		2,007	5,627
Total assets less current liabilities		2,181	5,859
Net assets		2,181	5,859
Capital and reserves
Called up share capital	3	100	1
Profit and loss account		2,083	5,858
Shareholders funds		2,183	5,859

For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

Signed on behalf of the board of directors

--------------------------------
Mr. Durga Mohan Palika
Director

Date approved by the board: 28 September 2016

PALIKA TECHNOLOGIES LIMITED
Notes to the Abbreviated Financial Statements
For the year ended 31 March 2016

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 January 2015).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, 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:

Fixtures and Fittings

25% Reducing Balance

Tangible fixed assets

Cost or Valuation	Fixtures and Fittings	Total
	£	£
At 01 April 2015	550	550
Additions	-	-
Disposals	-	-
At 31 March 2016	550	550
Depreciation
At 01 April 2015	318	318
Charge for year	58	58
On disposals	-	-
At 31 March 2016	376	376
Net book values
At 31 March 2016	174	174
At 01 April 2015	232	232

Share Capital

Authorised
100 Ordinary shares of £1.00 each

Allotted	2016 £		2015 £
100 Ordinary shares of £1.00 each	100		1
	100		1