Pal Lighting Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09298469 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2016

for

Pal Lighting Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Tangible assets

2

-

4,150

CURRENT ASSETS

Debtors

184,055

500,076

Cash at bank

11,378

47,756

195,433

547,832

CREDITORS

Amounts falling due within one year

157,448

508,750

NET CURRENT ASSETS

37,985

39,082

TOTAL ASSETS LESS CURRENT LIABILITIES

37,985

43,232

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

37,983

43,230

SHAREHOLDERS' FUNDS

37,985

43,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 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 31 August 2017 and were signed by:

A Lee - 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 is the value of goods sold to customers in the year.

Tangible fixed assets

Depreciation is provided on tangible fixed assets to write them off over the expected useful life at a rate of 25%

pa reducing balance.

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

5,528

Disposals

(5,529

)

At 30 November 2016

(1

)

DEPRECIATION

At 1 December 2015

1,378

Charge for year

4,149

Eliminated on disposal

(5,528

)

At 30 November 2016

(1

)

NET BOOK VALUE

At 30 November 2016

-

At 30 November 2015

4,150

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

£

2

Ordinary

£2

2

2

4.	ULTIMATE PARENT COMPANY

Northgate Lighting Limited is regarded by the director as being the company's ultimate parent company.