Company Registration No. 04453469 (England and Wales)
PALADIN LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
PALADIN LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
PALADIN LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2015
30 November 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
369
493
Current assets
Stocks
1,653
1,013
Debtors
40,355
12,708
Cash at bank and in hand
6,688
200
48,696
13,921
Creditors: amounts falling due within one year
(49,952)
(22,128)
Net current liabilities
(1,256)
(8,207)
Total assets less current liabilities
(887)
(7,714)
Capital and reserves
Called up share capital
3
2,000
2,000
Profit and loss account
(2,887)
(9,714)
Shareholders' funds
(887)
(7,714)
For the financial year ended 30 November 2015 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 financial statements for the year in question in accordance with section 476;
-
The director acknowledges his 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 30 August 2016
Mr T J O'Neill
Director
Company Registration No. 04453469
PALADIN LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
- 2 -
1
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).
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 goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
Fixtures, fittings & equipment
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2014 & at 30 November 2015
5,467
Depreciation
At 1 December 2014
4,975
Charge for the year
123
At 30 November 2015
5,098
Net book value
At 30 November 2015
369
At 30 November 2014
493
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2,000 Ordinary of £1 each
2,000
2,000