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REGISTERED NUMBER: SC483465 (Scotland)















PINK ELEPHANT COMMUNICATIONS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024






PINK ELEPHANT COMMUNICATIONS LTD (REGISTERED NUMBER: SC483465)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PINK ELEPHANT COMMUNICATIONS LTD

COMPANY INFORMATION
For The Year Ended 30 September 2024







DIRECTOR: A D Mcfarlan





REGISTERED OFFICE: 86 Dumbreck Road
Glasgow
G41 4SN





REGISTERED NUMBER: SC483465 (Scotland)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

PINK ELEPHANT COMMUNICATIONS LTD (REGISTERED NUMBER: SC483465)

BALANCE SHEET
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 8,376 -
Tangible assets 5 37,952 47,919
46,328 47,919

CURRENT ASSETS
Stocks 5,060 2,115
Debtors 6 101,156 123,142
Cash at bank 94,317 186,904
200,533 312,161
CREDITORS
Amounts falling due within one year 7 133,342 150,661
NET CURRENT ASSETS 67,191 161,500
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,519

209,419

PROVISIONS FOR LIABILITIES 9,439 11,827
NET ASSETS 104,080 197,592

CAPITAL AND RESERVES
Called up share capital 13 13
Retained earnings 104,067 197,579
SHAREHOLDERS' FUNDS 104,080 197,592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PINK ELEPHANT COMMUNICATIONS LTD (REGISTERED NUMBER: SC483465)

BALANCE SHEET - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 17 April 2025 and were signed by:





A D Mcfarlan - Director


PINK ELEPHANT COMMUNICATIONS LTD (REGISTERED NUMBER: SC483465)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2024


1. STATUTORY INFORMATION

Pink Elephant Communications Ltd is a private company, limited by shares , registered in Scotland. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents services provided in the year, net of value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation. Amortisation is provided to write off the initial cost less residual value over 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life:

Leasehold improvements - 20% on cost
Plant and machinery, etc - 25% and 33% on cost and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

PINK ELEPHANT COMMUNICATIONS LTD (REGISTERED NUMBER: SC483465)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for employees and makes pension contributions to the personal pension schemes of the company's directors. Contributions payable to these pension schemes are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts are capitalised in the balance sheet and depreciated over their estimated useful lives. The interest element of these obligations is charged to the profit and loss account over the relevant period using the effective interest rate method. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straightline basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 10,471
At 30 September 2024 10,471
AMORTISATION
Charge for year 2,095
At 30 September 2024 2,095
NET BOOK VALUE
At 30 September 2024 8,376

PINK ELEPHANT COMMUNICATIONS LTD (REGISTERED NUMBER: SC483465)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024


5. TANGIBLE FIXED ASSETS
Plant and
Leasehold machinery
improvements etc Totals
£    £    £   
COST
At 1 October 2023 3,074 83,281 86,355
Additions - 1,883 1,883
At 30 September 2024 3,074 85,164 88,238
DEPRECIATION
At 1 October 2023 2,910 35,526 38,436
Charge for year 164 11,686 11,850
At 30 September 2024 3,074 47,212 50,286
NET BOOK VALUE
At 30 September 2024 - 37,952 37,952
At 30 September 2023 164 47,755 47,919

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 92,926 118,884
Other debtors 8,230 4,258
101,156 123,142

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts - 31,157
Trade creditors 277 3,388
Taxation and social security 93,464 101,131
Other creditors 39,601 14,985
133,342 150,661

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase - 31,157

Hire purchase creditors have security over related assets.

9. OTHER FINANCIAL COMMITMENTS

At 30 September 2024 the company was committed to making total payments under non-cancellable operating leases of £80,292 (2023, £100,792).