PELICAN_MEDIA_LIMITED - Accounts

PELICAN MEDIA LIMITED - Company Information

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PELICAN MEDIA LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Company Registration No. 04804449 (England and Wales)

PELICAN MEDIA LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

PELICAN MEDIA LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

6,917

8,917

Tangible assets

80,418

44,818

87,335

53,735

Current assets

Stocks

6,708

9,368

Debtors

394,981

330,060

Cash at bank and in hand

239,930

114,348

641,619

453,776

Creditors: amounts falling due within one year

(451,177)

(294,177)

Net current assets

190,442

159,599

Total assets less current liabilities

277,777

213,334

Creditors: amounts falling due after more than one year

(29,034)

(25,862)

Provisions for liabilities

(1,940)

(2,429)

246,803

185,043

Capital and reserves

Called up share capital

1,108

Other reserves

450

Profit and loss account

245,245

183,485

Shareholders' funds

246,803

185,043

PELICAN MEDIA LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 9 December 2016

Mr T Nicol

Mrs F Willson

Director

Company Registration No. 04804449

PELICAN MEDIA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

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 January 2015).

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

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

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:

Plant and machinery

12 Months Straight Line

Fixtures, fittings & equipment

20% Straight line

Motor vehicles

25% Reducing balance

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2015

20,000

112,471

132,471

Additions

111,499

Disposals

(50,519)

At 31 March 2016

20,000

173,451

193,451

Depreciation

At 1 April 2015

11,083

67,654

78,737

On disposals

(23,880)

Charge for the year

2,000

49,259

51,259

At 31 March 2016

13,083

93,033

106,116

Net book value

At 31 March 2016

6,917

80,418

87,335

At 31 March 2015

8,917

44,818

53,735

PELICAN MEDIA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

1,000 Ordinary 'A' shares of £1 each

1,000

51 Ordinary 'B' shares of £1 each

51 Ordinary 'C' shares of £1 each

6 Ordinary 'D' shares of £1 each

1,108

Ultimate parent company

There is no controlling party.