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Registration number: 01803446

Pelican Designs Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Pelican Designs Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Pelican Designs Ltd

Company Information

Directors

Mr Jonathan Harris

Mrs Rosemary Harris

Mr Thomas Neil Harris

Registered office

Cinderhill Industrial Estate
Weston Coyney Road
Longton
Stoke-on-Trent
ST3 5LB

 

Pelican Designs Ltd

(Registration number: 01803446)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

68,839

84,029

Current assets

 

Stocks

5

42,555

50,625

Debtors

6

107,358

103,872

Cash at bank and in hand

 

824,863

694,075

 

974,776

848,572

Creditors: Amounts falling due within one year

7

(187,311)

(141,606)

Net current assets

 

787,465

706,966

Total assets less current liabilities

 

856,304

790,995

Provisions for liabilities

(14,252)

(13,492)

Net assets

 

842,052

777,503

Capital and reserves

 

Called up share capital

2,500

2,500

Capital redemption reserve

2,500

2,500

Retained earnings

837,052

772,503

Shareholders' funds

 

842,052

777,503

For the financial year ending 31 December 2024 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 of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Pelican Designs Ltd

(Registration number: 01803446)
Balance Sheet as at 31 December 2024

Approved and authorised by the Board on 9 July 2025 and signed on its behalf by:
 

.........................................
Mr Jonathan Harris
Director

.........................................
Mrs Rosemary Harris
Director

 

Pelican Designs Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
Cinderhill Industrial Estate
Weston Coyney Road
Longton
Stoke-on-Trent
ST3 5LB

These financial statements were authorised for issue by the Board on 9 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Pelican Designs Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Expenditure on leasehold property

2% Straight line basis

Plant & machinery

15% Reducing balance basis

Motor vehicles

25% Reducing balance basis

Computer equipment

33.33% Straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Pelican Designs Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2023 - 18).

 

Pelican Designs Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Cost or valuation

At 1 January 2024

33,728

1,054

106,849

127,940

At 31 December 2024

33,728

1,054

106,849

127,940

Depreciation

At 1 January 2024

15,304

914

61,312

108,012

Charge for the year

677

140

11,384

2,989

At 31 December 2024

15,981

1,054

72,696

111,001

Carrying amount

At 31 December 2024

17,747

-

34,153

16,939

At 31 December 2023

18,424

140

45,537

19,928

Total
£

Cost or valuation

At 1 January 2024

269,571

At 31 December 2024

269,571

Depreciation

At 1 January 2024

185,542

Charge for the year

15,190

At 31 December 2024

200,732

Carrying amount

At 31 December 2024

68,839

At 31 December 2023

84,029

Included within the net book value of land and buildings above is £17,747 (2023 - £18,424) in respect of short leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

42,555

50,625

 

Pelican Designs Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

67,419

61,716

Prepayments

39,654

41,828

Other debtors

285

328

 

107,358

103,872

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

41,284

66,744

Taxation and social security

77,648

31,932

Accruals and deferred income

2,955

3,601

Other creditors

65,424

39,329

187,311

141,606