Pelican Jigsaw Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06505305 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Pelican Jigsaw Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

T Hancock

SECRETARY:

Mrs N J Hancock

REGISTERED OFFICE:

6b South Pallant

Chichester

West Sussex

PO19 1SY

REGISTERED NUMBER:

06505305 (England and Wales)

ACCOUNTANTS:

MB Accountancy Limited

Peacehaven

Coltstaple Lane

Horsham

West Sussex

RH13 9BB

FIXED ASSETS

Tangible assets

2

465

615

CURRENT ASSETS

Stocks

2,495

2,179

Debtors

4,135

-

Cash at bank

5,736

29,468

12,366

31,647

CREDITORS

Amounts falling due within one year

2,685

1,063

NET CURRENT ASSETS

9,681

30,584

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,146

31,199

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

10,046

31,099

SHAREHOLDERS' FUNDS

10,146

31,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 11 July 2016 and were signed by:

T Hancock - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

50% on cost, 33% on cost and 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

26,035

Additions

609

At 31 March 2016

26,644

DEPRECIATION

At 1 April 2015

25,420

Charge for year

759

At 31 March 2016

26,179

NET BOOK VALUE

At 31 March 2016

465

At 31 March 2015

615

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100