Pedol Media Cyf - Abbreviated accounts 16.1

REGISTERED NUMBER: 07604849 (Wales)

PEDOL MEDIA CYF

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Tangible assets

2

1,121

1,462

CURRENT ASSETS

Stocks

-

500

Debtors

246

159

Cash at bank

18,221

19,943

18,467

20,602

CREDITORS

Amounts falling due within one year

9,857

8,812

NET CURRENT ASSETS

8,610

11,790

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,731

13,252

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

9,728

13,250

SHAREHOLDERS' FUNDS

9,731

13,252

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 directors acknowledge their 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 Board of Directors on 18 August 2016 and were signed on
its behalf by:

Miss B Davies - Director

Mrs R L James - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These accounts have been prepared on the assumption that the company can continue to trade.

There are no external loans. Its is believed, therefore, that preparing the accounts on a permanent

trading basis is appropriate.

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

-

15% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

2,276

DEPRECIATION

At 1 April 2015

814

Charge for year

341

At 31 March 2016

1,155

NET BOOK VALUE

At 31 March 2016

1,121

At 31 March 2015

1,462

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

A Ordinary Shares

£1

2

1

B Ordinary shares

1

-

3

2

1 B Ordinary shares share of 1 was allotted and fully paid for cash at par during the year.