Pedol Media Cyf - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 07604849 (Wales)

PEDOL MEDIA CYF

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs R L James

Miss B Davies

SECRETARY:

REGISTERED OFFICE:

Gors Fach

Bangor Teifi

Llandysul

Ceredigion

SA44 5BW

REGISTERED NUMBER:

07604849 (Wales)

ACCOUNTANTS:

Llewelyn Davies

Chartered Accountants

Yelverton House

St John Street

Whitland

Carmarthenshire

SA34 0AW

FIXED ASSETS

Tangible assets

4

780

1,121

CURRENT ASSETS

Debtors

5

345

246

Cash at bank

7,697

18,221

8,042

18,467

CREDITORS

Amounts falling due within one year

6

2,243

9,857

NET CURRENT ASSETS

5,799

8,610

TOTAL ASSETS LESS CURRENT LIABILITIES

6,579

9,731

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

6,576

9,728

SHAREHOLDERS' FUNDS

6,579

9,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 July 2017 and were signed on its behalf by:

Miss B Davies - Director

Mrs R L James - Director

1.	STATUTORY INFORMATION

Pedol Media Cyf is a private company, limited by shares , registered in Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive income

or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have

been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2016

and 31 March 2017

2,276

DEPRECIATION

At 1 April 2016

1,155

Charge for year

341

At 31 March 2017

1,496

NET BOOK VALUE

At 31 March 2017

780

At 31 March 2016

1,121

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

342

-

Other debtors

3

246

345

246

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

856

3,893

Taxation and social security

1,387

3,039

Other creditors

-

2,925

2,243

9,857

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £6,150 were paid to the directors .

8.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors.