Abbreviated Company Accounts

04805927 4PAL LIMITED 2014-08-31 false 2013-09-01 2014-08-31 true 04805927 2013-09-01 2014-08-31 04805927 2014-08-31 04805927 2013-08-31 04805927 uk-gaap-cd-bus:Director1 2013-09-01 2014-08-31 04805927 uk-gaap-cd-bus:Director2 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-08-31 uk-gaap-cd-bus:OrdinaryShareClass3 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass3 2013-08-31 uk-gaap-cd-bus:OrdinaryShareClass4 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass4 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass4 2013-08-31 iso4217:GBP shares

Registered Number 04805927

4PAL LIMITED

Abbreviated Accounts

31 August 2014

4PAL LIMITED Registered Number 04805927

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	155,667	173,457
Tangible assets	3	3,020	4,021
		158,687	177,478
Current assets
Stocks		64,030	66,209
Debtors		70,447	104,718
Cash at bank and in hand		56,536	21,570
		191,013	192,497
Creditors: amounts falling due within one year		(348,351)	(307,868)
Net current assets (liabilities)		(157,338)	(115,371)
Total assets less current liabilities		1,349	62,107
Creditors: amounts falling due after more than one year		0	(57,419)
Total net assets (liabilities)		1,349	4,688
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		1,249	4,588
Shareholders' funds		1,349	4,688

For the year ending 31 August 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 27 May 2015

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 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these 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 qcquisition 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

2Intangible fixed assets

	£
Cost
At 1 September 2013	355,808
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	355,808
Amortisation
At 1 September 2013	182,351
Charge for the year	17,790
On disposals	-
At 31 August 2014	200,141
Net book values
At 31 August 2014	155,667
At 31 August 2013	173,457

3Tangible fixed assets

	£
Cost
At 1 September 2013	16,687
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	16,687
Depreciation
At 1 September 2013	12,666
Charge for the year	1,001
On disposals	-
At 31 August 2014	13,667
Net book values
At 31 August 2014	3,020
At 31 August 2013	4,021

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

	2014 £	2013 £
25 A Ordinary shares of £1 each	25	25
25 B Ordinary shares of £1 each	25	25
25 C Ordinary shares of £1 each	25	25
25 D Ordinary shares of £1 each	25	25