Abbreviated Company Accounts - PALMYRA EXPRESS LTD

PALMYRA EXPRESS LTD - Company Information

06323212 PALMYRA EXPRESS LTD 2014-03-31 false 2013-04-01 2014-03-31 true 06323212 2013-04-01 2014-03-31 06323212 2014-03-31 06323212 2013-03-31 06323212 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 06323212 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 06323212

PALMYRA EXPRESS LTD

Abbreviated Accounts

31 March 2014

PALMYRA EXPRESS LTD Registered Number 06323212

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	14,827	18,076
		14,827	18,076
Current assets
Stocks		525	525
Cash at bank and in hand		422	941
		947	1,466
Creditors: amounts falling due within one year		(130,232)	(107,910)
Net current assets (liabilities)		(129,285)	(106,444)
Total assets less current liabilities		(114,458)	(88,368)
Creditors: amounts falling due after more than one year		(7,730)	(11,156)
Total net assets (liabilities)		(122,188)	(99,524)
Capital and reserves
Called up share capital	3	10	10
Profit and loss account		(122,198)	(99,534)
Shareholders' funds		(122,188)	(99,524)

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.

Approved by the Board on 3 December 2014

And signed on their behalf by:
Mr G Kai, Director
Mr AR Haddad, Director

PALMYRA EXPRESS LTD Registered Number 06323212

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 20% reducing balance
Land and building 20% reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2013	56,483
Additions	458
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	56,941
Depreciation
At 1 April 2013	38,407
Charge for the year	3,707
On disposals	-
At 31 March 2014	42,114
Net book values
At 31 March 2014	14,827
At 31 March 2013	18,076

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
10 Ordinary shares of £1 each	10	10