Company Registration No. 04453469 (England and Wales)
PALADIN LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2014
PALADIN LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
PALADIN LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2014
30 November 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
493
583
Current assets
Stocks
1,013
2,002
Debtors
12,708
24,536
Cash at bank and in hand
200
200
13,921
26,738
Creditors: amounts falling due within one year
(22,128)
(25,079)
Net current (liabilities)/assets
(8,207)
1,659
Total assets less current liabilities
(7,714)
2,242
Capital and reserves
Called up share capital
3
2,000
2,000
Profit and loss account
(9,714)
242
Shareholders' funds
(7,714)
2,242
For the financial year ended 30 November 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has 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 12 August 2015
Mr Terry O'Neill
Director
Company Registration No. 04453469
PALADIN LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2014
- 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 2013 & at 30 November 2014
5,467
Depreciation
At 1 December 2013
4,883
Charge for the year
91
At 30 November 2014
4,974
Net book value
At 30 November 2014
493
At 30 November 2013
583
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
2,000 Ordinary of £1 each
2,000
2,000