Abbreviated Company Accounts

04805927 4PAL LIMITED 2012-08-31 false 2011-09-01 2012-08-31 true 04805927 2011-09-01 2012-08-31 04805927 2012-08-31 04805927 2011-08-31 04805927 uk-gaap-cd-bus:Director1 2011-09-01 2012-08-31 04805927 uk-gaap-cd-bus:Director2 2011-09-01 2012-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2011-09-01 2012-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2011-08-31 uk-gaap-cd-bus:OrdinaryShareClass2 2011-09-01 2012-08-31 uk-gaap-cd-bus:OrdinaryShareClass2 2012-08-31 uk-gaap-cd-bus:OrdinaryShareClass2 2011-08-31 uk-gaap-cd-bus:OrdinaryShareClass3 2011-09-01 2012-08-31 uk-gaap-cd-bus:OrdinaryShareClass3 2012-08-31 uk-gaap-cd-bus:OrdinaryShareClass3 2011-08-31 uk-gaap-cd-bus:OrdinaryShareClass4 2011-09-01 2012-08-31 uk-gaap-cd-bus:OrdinaryShareClass4 2012-08-31 uk-gaap-cd-bus:OrdinaryShareClass4 2011-08-31 iso4217:GBP shares

Registered Number 04805927

4PAL LIMITED

Abbreviated Accounts

31 August 2012

4PAL LIMITED Registered Number 04805927

Abbreviated Balance Sheet as at 31 August 2012

	Notes	2012	2011
		£	£
Fixed assets
Intangible assets	2	191,247	209,037
Tangible assets	3	3,096	4,102
		194,343	213,139
Current assets
Stocks		67,385	85,088
Debtors		111,179	152,903
Cash at bank and in hand		69,107	66,372
		247,671	304,363
Creditors: amounts falling due within one year		(322,028)	(295,417)
Net current assets (liabilities)		(74,357)	8,946
Total assets less current liabilities		119,986	222,085
Creditors: amounts falling due after more than one year		(81,480)	(104,978)
Total net assets (liabilities)		38,506	117,107
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		38,406	117,007
Shareholders' funds		38,506	117,107

For the year ending 31 August 2012 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 31 May 2013

And signed on their behalf by:
Mr I Ahmed, Director
Mr N Ahmed, Director

4PAL LIMITED Registered Number 04805927

Notes to the Abbreviated Accounts for the period ended 31 August 2012

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, 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 comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings: 25% reducing balance

Intangible assets amortisation policy
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and loss account over its estimated economic life.

Amortisation is provided at the following rates:

Goodwill: 5% straight line

Other accounting policies
Creditors
Amounts falling due after more than one year

Includes bank loan of £133,468 (2009 - £156,491) amounts falling due after more than one year.

The bank loan is secured by a fixed and floating charge over the assets of the company.

Controlling Party
The company is under the control of directors Mr I Ahmed (25% share); Mr M Ahmed (25% share); Mr N Ahmed (25% share) and Mr C Ahmed (25% share), by virtue of the fact that between them they own the entire issued share capital of the company.

2Intangible fixed assets

	£
Cost
At 1 September 2011	355,808
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2012	355,808
Amortisation
At 1 September 2011	146,771
Charge for the year	17,790
On disposals	-
At 31 August 2012	164,561
Net book values
At 31 August 2012	191,247
At 31 August 2011	209,037

3Tangible fixed assets

	£
Cost
At 1 September 2011	14,427
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2012	14,427
Depreciation
At 1 September 2011	10,325
Charge for the year	1,006
On disposals	-
At 31 August 2012	11,331
Net book values
At 31 August 2012	3,096
At 31 August 2011	4,102

4Called Up Share Capital
Allotted, called up and fully paid:

	2012 £	2011 £
25 Ordinary-A shares of £1 each	25	25
25 Ordinary-B shares of £1 each	25	25
25 Ordinary-C shares of £1 each	25	25
25 Ordinary-D shares of £1 each	25	25