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frs-bus:OrdinaryShareClass5 2016-02-29 07154333 frs-bus:PreferenceShareClass1 2015-03-01 2016-02-29 07154333 frs-bus:PreferenceShareClass1 2015-02-28 07154333 frs-bus:PreferenceShareClass1 2016-02-29 07154333 frs-bus:PreferenceShareClass2 2015-03-01 2016-02-29 07154333 frs-bus:PreferenceShareClass2 2015-02-28 07154333 frs-bus:PreferenceShareClass2 2016-02-29 07154333 frs-bus:PreferenceShareClass3 2015-03-01 2016-02-29 07154333 frs-bus:PreferenceShareClass3 2015-02-28 07154333 frs-bus:PreferenceShareClass3 2016-02-29 07154333 frs-bus:PreferenceShareClass4 2015-03-01 2016-02-29 07154333 frs-bus:PreferenceShareClass4 2015-02-28 07154333 frs-bus:PreferenceShareClass4 2016-02-29 07154333 frs-bus:PreferenceShareClass5 2015-03-01 2016-02-29 07154333 frs-bus:PreferenceShareClass5 2015-02-28 07154333 frs-bus:PreferenceShareClass5 2016-02-29 07154333 1 2015-03-01 2016-02-29 07154333 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2015-03-01 2016-02-29 07154333 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2015-02-28 07154333 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2016-02-29 07154333 frs-core:LeasedAssets 2015-03-01 2016-02-29 07154333 frs-core:OwnedAssets 2015-03-01 2016-02-29 07154333 frs-core:CurrencyRisk 2015-03-01 2016-02-29 07154333 frs-core:MarketRisk 2015-03-01 2016-02-29 07154333 frs-core:InterestRateRisk 2015-03-01 2016-02-29 07154333 dpl-countries:UnitedKingdom 2015-03-01 2016-02-29 07154333 dpl-countries:Europe 2015-03-01 2016-02-29 07154333 dpl-countries:NorthAmerica 2015-03-01 2016-02-29 07154333 dpl-countries:SouthAmerica 2015-03-01 2016-02-29 07154333 dpl-countries:Asia 2015-03-01 2016-02-29 07154333 dpl-countries:RestWorldOutsideUK 2015-03-01 2016-02-29 07154333 dpl-frs:CostSales 2015-03-01 2016-02-29 07154333 dpl-frs:CostSales 2015-02-28 07154333 dpl-frs:CostSales 2016-02-29 07154333 dpl-frs:DistributionCosts 2015-03-01 2016-02-29 07154333 dpl-frs:AdministrativeExpenses 2015-03-01 2016-02-29 07154333 frs-bus:Director1 2015-03-01 2016-02-29 07154333 frs-bus:Director1 2015-02-28 07154333 frs-bus:Director1 2016-02-29 07154333 frs-bus:Director2 2015-03-01 2016-02-29 07154333 frs-bus:Director2 2015-02-28 07154333 frs-bus:Director2 2016-02-29 07154333 1 2015-03-01 2016-02-29 07154333 frs-core:CurrentFinancialInstruments 1 2016-02-29 07154333 frs-core:Non-currentFinancialInstruments 1 2016-02-29 07154333 2 2015-03-01 2016-02-29 07154333 frs-core:CurrentFinancialInstruments 2 2016-02-29 07154333 frs-core:Non-currentFinancialInstruments 2 2016-02-29 07154333 3 2015-03-01 2016-02-29 07154333 frs-core:CurrentFinancialInstruments 3 2016-02-29 07154333 frs-core:Non-currentFinancialInstruments 3 2016-02-29 07154333 4 2015-03-01 2016-02-29 07154333 frs-core:CurrentFinancialInstruments 4 2016-02-29 07154333 frs-core:Non-currentFinancialInstruments 4 2016-02-29 07154333 5 2015-03-01 2016-02-29 07154333 frs-core:CurrentFinancialInstruments 5 2016-02-29 07154333 frs-core:Non-currentFinancialInstruments 5 2016-02-29 07154333 6 2015-03-01 2016-02-29 07154333 frs-core:CurrentFinancialInstruments 6 2016-02-29 07154333 frs-core:Non-currentFinancialInstruments 6 2016-02-29 07154333 7 2015-03-01 2016-02-29 07154333 frs-core:CurrentFinancialInstruments 7 2016-02-29 07154333 frs-core:Non-currentFinancialInstruments 7 2016-02-29 07154333 8 2015-03-01 2016-02-29 07154333 frs-core:CurrentFinancialInstruments 8 2016-02-29 07154333 frs-core:Non-currentFinancialInstruments 8 2016-02-29 07154333 9 2015-03-01 2016-02-29 07154333 frs-core:CurrentFinancialInstruments 9 2016-02-29 07154333 frs-core:Non-currentFinancialInstruments 9 2016-02-29 07154333 dpl-frs:Item1 2015-03-01 2016-02-29 07154333 dpl-frs:Item1 2015-02-28 07154333 dpl-frs:Item1 2016-02-29 07154333 dpl-frs:CostSales dpl-frs:Item1 2015-03-01 2016-02-29 07154333 dpl-frs:CostSales dpl-frs:Item1 2015-02-28 07154333 dpl-frs:CostSales dpl-frs:Item1 2016-02-29 07154333 dpl-frs:DistributionCosts dpl-frs:Item1 2015-03-01 2016-02-29 07154333 dpl-frs:AdministrativeExpenses dpl-frs:Item1 2015-03-01 2016-02-29 07154333 dpl-frs:Item2 2015-03-01 2016-02-29 07154333 dpl-frs:Item2 2015-02-28 07154333 dpl-frs:Item2 2016-02-29 07154333 dpl-frs:CostSales dpl-frs:Item2 2015-03-01 2016-02-29 07154333 dpl-frs:CostSales dpl-frs:Item2 2015-02-28 07154333 dpl-frs:CostSales dpl-frs:Item2 2016-02-29 07154333 dpl-frs:DistributionCosts dpl-frs:Item2 2015-03-01 2016-02-29 07154333 dpl-frs:AdministrativeExpenses dpl-frs:Item2 2015-03-01 2016-02-29 07154333 dpl-frs:Item3 2015-03-01 2016-02-29 07154333 dpl-frs:Item3 2015-02-28 07154333 dpl-frs:Item3 2016-02-29 07154333 dpl-frs:CostSales dpl-frs:Item3 2015-03-01 2016-02-29 07154333 dpl-frs:CostSales dpl-frs:Item3 2015-02-28 07154333 dpl-frs:CostSales dpl-frs:Item3 2016-02-29 07154333 dpl-frs:DistributionCosts dpl-frs:Item3 2015-03-01 2016-02-29 07154333 dpl-frs:AdministrativeExpenses dpl-frs:Item3 2015-03-01 2016-02-29 07154333 dpl-frs:Item4 2015-03-01 2016-02-29 07154333 dpl-frs:Item4 2015-02-28 07154333 dpl-frs:Item4 2016-02-29 07154333 dpl-frs:CostSales dpl-frs:Item4 2015-03-01 2016-02-29 07154333 dpl-frs:CostSales dpl-frs:Item4 2015-02-28 07154333 dpl-frs:CostSales dpl-frs:Item4 2016-02-29 07154333 dpl-frs:DistributionCosts dpl-frs:Item4 2015-03-01 2016-02-29 07154333 dpl-frs:AdministrativeExpenses dpl-frs:Item4 2015-03-01 2016-02-29 07154333 dpl-frs:Item5 2015-03-01 2016-02-29 07154333 dpl-frs:Item5 2015-02-28 07154333 dpl-frs:Item5 2016-02-29 07154333 dpl-frs:CostSales dpl-frs:Item5 2015-03-01 2016-02-29 07154333 dpl-frs:CostSales dpl-frs:Item5 2015-02-28 07154333 dpl-frs:CostSales dpl-frs:Item5 2016-02-29 07154333 dpl-frs:DistributionCosts dpl-frs:Item5 2015-03-01 2016-02-29 07154333 dpl-frs:AdministrativeExpenses dpl-frs:Item5 2015-03-01 2016-02-29 07154333 dpl-frs:Item6 2015-03-01 2016-02-29 07154333 dpl-frs:Item6 2015-02-28 07154333 dpl-frs:Item6 2016-02-29 07154333 dpl-frs:CostSales dpl-frs:Item6 2015-03-01 2016-02-29 07154333 dpl-frs:CostSales dpl-frs:Item6 2015-02-28 07154333 dpl-frs:CostSales dpl-frs:Item6 2016-02-29 07154333 dpl-frs:DistributionCosts dpl-frs:Item6 2015-03-01 2016-02-29 07154333 dpl-frs:AdministrativeExpenses dpl-frs:Item6 2015-03-01 2016-02-29 07154333 dpl-frs:Item7 2015-03-01 2016-02-29 07154333 dpl-frs:Item7 2015-02-28 07154333 dpl-frs:Item7 2016-02-29 07154333 dpl-frs:CostSales dpl-frs:Item7 2015-03-01 2016-02-29 07154333 dpl-frs:CostSales dpl-frs:Item7 2015-02-28 07154333 dpl-frs:CostSales dpl-frs:Item7 2016-02-29 07154333 dpl-frs:DistributionCosts dpl-frs:Item7 2015-03-01 2016-02-29 07154333 dpl-frs:AdministrativeExpenses dpl-frs:Item7 2015-03-01 2016-02-29 07154333 dpl-frs:Item8 2015-03-01 2016-02-29 07154333 dpl-frs:Item8 2015-02-28 07154333 dpl-frs:Item8 2016-02-29 07154333 dpl-frs:CostSales dpl-frs:Item8 2015-03-01 2016-02-29 07154333 dpl-frs:CostSales dpl-frs:Item8 2015-02-28 07154333 dpl-frs:CostSales dpl-frs:Item8 2016-02-29 07154333 dpl-frs:DistributionCosts dpl-frs:Item8 2015-03-01 2016-02-29 07154333 dpl-frs:AdministrativeExpenses dpl-frs:Item8 2015-03-01 2016-02-29 07154333 dpl-frs:Item9 2015-03-01 2016-02-29 07154333 dpl-frs:Item9 2015-02-28 07154333 dpl-frs:Item9 2016-02-29 07154333 dpl-frs:CostSales dpl-frs:Item9 2015-03-01 2016-02-29 07154333 dpl-frs:CostSales dpl-frs:Item9 2015-02-28 07154333 dpl-frs:CostSales dpl-frs:Item9 2016-02-29 07154333 dpl-frs:DistributionCosts dpl-frs:Item9 2015-03-01 2016-02-29 07154333 dpl-frs:AdministrativeExpenses dpl-frs:Item9 2015-03-01 2016-02-29 07154333 dpl-frs:Item10 2015-03-01 2016-02-29 07154333 dpl-frs:Item10 2015-02-28 07154333 dpl-frs:Item10 2016-02-29 07154333 dpl-frs:CostSales dpl-frs:Item10 2015-03-01 2016-02-29 07154333 dpl-frs:CostSales dpl-frs:Item10 2015-02-28 07154333 dpl-frs:CostSales dpl-frs:Item10 2016-02-29 07154333 dpl-frs:DistributionCosts dpl-frs:Item10 2015-03-01 2016-02-29 07154333 dpl-frs:AdministrativeExpenses dpl-frs:Item10 2015-03-01 2016-02-29 07154333 dpl-frs:Item11 2015-03-01 2016-02-29 07154333 dpl-frs:Item11 2015-02-28 07154333 dpl-frs:Item11 2016-02-29 07154333 dpl-frs:CostSales dpl-frs:Item11 2015-03-01 2016-02-29 07154333 dpl-frs:CostSales dpl-frs:Item11 2015-02-28 07154333 dpl-frs:CostSales dpl-frs:Item11 2016-02-29 07154333 dpl-frs:DistributionCosts dpl-frs:Item11 2015-03-01 2016-02-29 07154333 dpl-frs:AdministrativeExpenses dpl-frs:Item11 2015-03-01 2016-02-29 07154333 dpl-frs:Item12 2015-03-01 2016-02-29 07154333 dpl-frs:Item12 2015-02-28 07154333 dpl-frs:Item12 2016-02-29 07154333 dpl-frs:CostSales dpl-frs:Item12 2015-03-01 2016-02-29 07154333 dpl-frs:CostSales dpl-frs:Item12 2015-02-28 07154333 dpl-frs:CostSales dpl-frs:Item12 2016-02-29 07154333 dpl-frs:DistributionCosts dpl-frs:Item12 2015-03-01 2016-02-29 07154333 dpl-frs:AdministrativeExpenses dpl-frs:Item12 2015-03-01 2016-02-29 07154333 1 2015-03-01 2016-02-29 07154333 frs-countries:EnglandWales 2015-03-01 2016-02-29

Registered number: 07154333

Get Licensed Ltd

Financial Statements

For The Year Ended 28 February 2017

Biznav Chartered Accountants

Southbridge House

Southbridge Place

Croydon

Surrey

CR0 4HA

Get Licensed Ltd

Unaudited Financial Statements

For The Year Ended 28 February 2017

Unaudited Financial Statements

	Page
Contents
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Get Licensed Ltd

Balance Sheet

As at 28 February 2017

Balance Sheet

Registered number: 07154333

		2017		2016
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	3		584,679		571,083
Tangible Assets	4		10,030		8,324

			594,709		579,407
CURRENT ASSETS
Debtors	5	202,076		15,471
Cash at bank and in hand		121,445		117,172

		323,521		132,643
Creditors: Amounts Falling Due Within One Year	6	(591,696 )		(569,886 )

NET CURRENT ASSETS (LIABILITIES)			(268,175 )		(437,243 )

TOTAL ASSETS LESS CURRENT LIABILITIES			326,534		142,164

NET ASSETS			326,534		142,164

CAPITAL AND RESERVES
Called up share capital	7		120		120
Profit and loss account			326,414		142,044

SHAREHOLDERS' FUNDS			326,534		142,164

Page 1

Get Licensed Ltd

Balance Sheet (continued)

As at 28 February 2017

For the year ending 28 February 2017 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

On behalf of the board

Mr Shahzad Ali

28/11/2017

The notes on pages 3 to 5 form part of these financial statements.

Page 2

Get Licensed Ltd

Notes to the Unaudited Accounts

For The Year Ended 28 February 2017

Notes to the Unaudited Accounts

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

1.4. Intangible Fixed Assets and Amortisation - Other Intangible

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life. Where the directors consider that there has been a permanent impairment in value the asset is written down to its realisable value in the year of impairment.

Other intangible assets are capitalised web development costs. The asset is amortised over the useful life of 5 years.

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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	Nil
Fixtures & Fittings	20% on reducing balance
Computer Equipment	20% on reducing balance

1.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

1.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

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Get Licensed Ltd

Notes to the Unaudited Accounts (continued)

For The Year Ended 28 February 2017

3. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 March 2016	350,000	401,204	751,204
Additions	-	204,796	204,796

As at 28 February 2017	350,000	606,000	956,000

Amortisation
As at 1 March 2016	140,000	40,121	180,121
Provided during the period	70,000	121,200	191,200

As at 28 February 2017	210,000	161,321	371,321

Net Book Value
As at 28 February 2017	140,000	444,679	584,679

As at 1 March 2016	210,000	361,083	571,083

4. Tangible Assets


	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 March 2016	4,347	3,375	13,172	20,894
Additions	-	1,518	2,696	4,214

As at 28 February 2017	4,347	4,893	15,868	25,108

Depreciation
As at 1 March 2016	4,347	1,778	6,445	12,570
Provided during the period	-	623	1,885	2,508

As at 28 February 2017	4,347	2,401	8,330	15,078

Net Book Value
As at 28 February 2017	-	2,492	7,538	10,030

As at 1 March 2016	-	1,597	6,727	8,324

5. Debtors

	2017	2016
	£	£
Due within one year
Trade debtors	8,051	13,391
Prepayments and accrued income	142,025	-
Other debtors	52,000	2,080

	202,076	15,471

Page 4

Get Licensed Ltd

Notes to the Unaudited Accounts (continued)

For The Year Ended 28 February 2017

6. Creditors: Amounts Falling Due Within One Year

	2017	2016
	£	£
Trade creditors	49,534	65,953
Bank loans and overdrafts	30,713	90,000
Corporation tax	36,072	27
Other taxes and social security	7,312	8,616
VAT	12,948	18,492
Other creditors	50,000	-
American Express Credit Card	18,034	15,352
Accruals	2,550	3,500
Directors' loan accounts	384,533	367,946

	591,696	569,886

7. Share Capital

	Value	Number	2017	2016
Allotted, called up and fully paid	£		£	£
Ordinary shares	0.00001	12000000	120	120

8. Related Party Transactions

Temprovide Limited is a related party to Get Licensed Limited, given Shahzad Ali is also the director of Temprovide Limited.
During the year the Company made sales of £70,718.64 (2016: Nil) to Temprovide Limited.

As at balance sheet date Temprovide Limited owed £52,000 (2016: £0) to the Company.

As at balance sheet date the Company owed £384,533 to the directors.

During the year dividends of £66,666 were paid to the directors.

9. Ultimate Controlling Party

The company has no controlling party.

10. General Information

Get Licensed Ltd Registered number 07154333 is a limited by shares company incorporated in England & Wales. The Registered Office is 228a High Street, Bromley, England, BR1 1PQ.

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