PALMHELDMEDIA_LIMITED - Accounts

PALMHELDMEDIA LIMITED - Company Information

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Company Registration No. 07575569 (England and Wales)

PALMHELDMEDIA LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

PALMHELDMEDIA LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

PALMHELDMEDIA LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Current assets

Debtors

15,500

Cash at bank and in hand

5,643

21,143

Creditors: amounts falling due within one year

(1,146)

(21,910)

Total assets less current liabilities

(1,146)

(767)

Capital and reserves

Called up share capital

Profit and loss account

(1,148)

(769)

Shareholders' funds

(1,146)

(767)

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 31 December 2014

M Bowley

Director

Company Registration No. 07575569

PALMHELDMEDIA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company has ceased trading and has commenced formal proceedings to liquidate the company assets. As a result the going concern basis of preparation is not appropriate and the accounts have been prepared on the break up basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for management consultancy services net of VAT.

Share capital

2014

2013

Allotted, called up and fully paid

2 Ordinary shares of £1 each