Podgy Dwarf Productions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10608972 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2019

FOR

PODGY DWARF PRODUCTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N D M Todd

REGISTERED OFFICE:

Suites 12-14 Vantage Point,

New England Road

Brighton

East Sussex

BN3 6ED

REGISTERED NUMBER:

10608972 (England and Wales)

ACCOUNTANT:

Will Taylor Limited

Unit 1.1 Lafone House

The Leather Market

11/13 Weston Street

London

SE1 3ER

FIXED ASSETS

Tangible assets

4

520

1,040

CURRENT ASSETS

Debtors

5

6,604

2,233

Cash at bank

52

876

6,656

3,109

CREDITORS

Amounts falling due within one year

6

6,998

3,390

NET CURRENT LIABILITIES

(342

)

(281

)

TOTAL ASSETS LESS CURRENT LIABILITIES

178

759

PROVISIONS FOR LIABILITIES

7

98

199

NET ASSETS

80

560

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

79

559

SHAREHOLDERS' FUNDS

80

560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 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.

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 director on 11 April 2019 and were signed by:

N D M Todd - Director

1.	STATUTORY INFORMATION

Podgy Dwarf Productions Ltd is a private company, limited by shares , registered in England and 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 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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 March 2018

and 28 February 2019

1,560

DEPRECIATION

At 1 March 2018

520

Charge for year

520

At 28 February 2019

1,040

NET BOOK VALUE

At 28 February 2019

520

At 28 February 2018

1,040

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Trade debtors

285

2,233

Directors' current accounts

6,319

-

6,604

2,233

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Tax

6,098

2,441

Directors' current accounts

-

47

Accrued expenses

900

902

6,998

3,390

7.	PROVISIONS FOR LIABILITIES

28.2.19

28.2.18

£

£

Deferred tax

98

199

Deferred

tax

£

Balance at 1 March 2018

199

Provided during year

(101

)

Balance at 28 February 2019

98

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.19

28.2.18

value:

£

£

1

ORDINARY

1

1

1

9.

RESERVES

Retained

earnings

£

At 1 March 2018

559

Profit for the year

25,577

Dividends

(26,057

)

At 28 February 2019

79

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 28 February 2019 and the

period ended 28 February 2018:

28.2.19

28.2.18

£

£

N D M Todd

Balance outstanding at start of year

(47

)

-

Amounts advanced

7,400

10,093

Amounts repaid

(1,034

)

(10,140

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,319

(47

)

11.	ULTIMATE CONTROLLING PARTY

The controlling party is N D M Todd.