ACCOUNTS - Final Accounts

RICHARD GOODWIN LTD - Company Information

Caseware UK (AP4) 2018.0.111 2018.0.111 2018-07-312018-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalse2017-08-01film productiontrue 09154979 2017-08-01 2018-07-31 09154979 2018-07-31 09154979 2017-07-31 09154979 c:Director1 2017-08-01 2018-07-31 09154979 d:ComputerEquipment 2017-08-01 2018-07-31 09154979 d:ComputerEquipment 2018-07-31 09154979 d:ComputerEquipment 2017-07-31 09154979 d:ComputerEquipment d:OwnedOrFreeholdAssets 2017-08-01 2018-07-31 09154979 d:CurrentFinancialInstruments 2018-07-31 09154979 d:CurrentFinancialInstruments 2017-07-31 09154979 d:CurrentFinancialInstruments d:WithinOneYear 2018-07-31 09154979 d:CurrentFinancialInstruments d:WithinOneYear 2017-07-31 09154979 d:ShareCapital 2018-07-31 09154979 d:ShareCapital 2017-07-31 09154979 d:RetainedEarningsAccumulatedLosses 2018-07-31 09154979 d:RetainedEarningsAccumulatedLosses 2017-07-31 09154979 c:FRS102 2017-08-01 2018-07-31 09154979 c:AuditExempt-NoAccountantsReport 2017-08-01 2018-07-31 09154979 c:FullAccounts 2017-08-01 2018-07-31 09154979 c:PrivateLimitedCompanyLtd 2017-08-01 2018-07-31 iso4217:GBP

Registered number: 09154979

RICHARD GOODWIN LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2018


RICHARD GOODWIN LTD

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


RICHARD GOODWIN LTD REGISTERED NUMBER:09154979

STATEMENT OF FINANCIAL POSITION

AS AT 31 JULY 2018

		2018		2017
Note		£		£

Fixed assets
Tangible assets	4		1,657		547
			1,657		547
Current assets
Debtors: amounts falling due within one year	5	11,925		675
Cash at bank and in hand		255,165		223,589
		267,090		224,264
Creditors: amounts falling due within one year	6	(131,130)		(55,547)
Net current assets			135,960		168,717
Total assets less current liabilities			137,617		169,264

Net assets			137,617		169,264

Capital and reserves
Called up share capital	7	2	2
Profit and loss account		137,615	169,262
		137,617	169,264

Page 1


RICHARD GOODWIN LTD REGISTERED NUMBER:09154979

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JULY 2018

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 April 2019.

R Goodwin

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2


RICHARD GOODWIN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2018

1.	General information

Richard Goodwin Limited is a limited liability company registered in England and Wales with its registered office at 24 Browning Road,Harpenden, Herts, United Kingdom, AL5 4TR.

The principal activity of the company is that of film production.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied
during the period, exclusive of Value Added Tax and trade discounts.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment

25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

Page 3


RICHARD GOODWIN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2018

2.Accounting policies (continued)

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

2.6

Creditors

Short term creditors are measured at the transaction price.

2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of Comprehensive Income within 'other operating income'.

2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4


RICHARD GOODWIN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2018

2.Accounting policies (continued)

2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.10

Interest income

Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 2 (2017 - 2).

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 August 2017	899
	Additions	1,662
	At 31 July 2018	2,561
	Depreciation
	At 1 August 2017	352
	Charge for the year on owned assets	552
	At 31 July 2018	904
	Net book value
	At 31 July 2018	1,657
	At 31 July 2017	547

Page 5


RICHARD GOODWIN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2018

Debtors

					2018	2017
					£	£


Trade debtors	11,925	-
Other debtors	-	675
	11,925	675

6.	Creditors: Amounts falling due within one year
		2018	2017
		£	£

Taxation	50,673	36,159
Other creditors	60,131	72
Accruals and deferred income	20,326	19,316
	131,130	55,547

7.	Share capital
		2018	2017
		£	£

Allotted, called up and fully paid

2 (2017 - 2) Ordinary shares of £1 each	2	2

Page 6