Company Registration No. 03931768 (England and Wales)
PELICAN GEOGRAPHICS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
PELICAN GEOGRAPHICS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
PELICAN GEOGRAPHICS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
896
530
Current assets
Debtors
16,639
17,226
Cash at bank and in hand
69,263
78,458
85,902
95,684
Creditors: amounts falling due within one year
(13,272)
(11,129)
Net current assets
72,630
84,555
Total assets less current liabilities
73,526
85,085
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
73,426
84,985
Shareholders' funds
73,526
85,085
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges her 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 and authorised for issue on 23 December 2015
Dr C Hilton
Director
Company Registration No. 03931768
PELICAN GEOGRAPHICS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
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
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:
Computer equipment
33% Reducing balance
Fixtures, fittings & equipment
33% Reducing balance
1.5
Pensions
1.6
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
10,737
Additions
366
At 31 March 2015
11,103
Depreciation
At 1 April 2014
9,946
Charge for the year
261
At 31 March 2015
10,207
Net book value
At 31 March 2015
896
At 31 March 2014
530
PELICAN GEOGRAPHICS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 of £1 each
100
100