GRAND PHOTOGRAPHY PRODUCTIONS LTD - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08898599

Unaudited Financial Statements for the Year Ended 28 February 2019

for

GRAND PHOTOGRAPHY PRODUCTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T FAINBURGH

SECRETARY:

REGISTERED OFFICE:

MOWBRAY HOUSE

58-70 EDGWARE WAY

EDGWARE

LONDON

HA8 8DJ

REGISTERED NUMBER:

08898599

ACCOUNTANTS:

Cohen & Co. Accountants

129 Station Road

London

London

NW4 4NJ

FIXED ASSETS

Tangible assets

3

34,137

34,101

CURRENT ASSETS

Debtors

4

(27,250

)

(9,250

)

Cash at bank and in hand

52,990

48,588

25,740

39,338

CREDITORS

Amounts falling due within one year

5

20,322

41,048

NET CURRENT ASSETS/(LIABILITIES)

5,418

(1,710

)

TOTAL ASSETS LESS CURRENT LIABILITIES

39,555

32,391

CAPITAL AND RESERVES

Called up share capital

35,000

35,000

Retained earnings

4,555

(2,609

)

SHAREHOLDERS' FUNDS

39,555

32,391

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 20 November 2019 and were signed by:

T FAINBURGH - Director

1.	STATUTORY INFORMATION

GRAND PHOTOGRAPHY PRODUCTIONS LTD is a private company, limited by shares , registered in Not

specified/Other. 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2018

35,258

Additions

1,590

At 28 February 2019

36,848

DEPRECIATION

At 1 March 2018

1,157

Charge for year

1,554

At 28 February 2019

2,711

NET BOOK VALUE

At 28 February 2019

34,137

At 28 February 2018

34,101

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Other debtors

(27,250

)

(9,250

)

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Bank loans and overdrafts

2,928

-

Trade creditors

(2

)

719

Taxation and social security

6,693

5,963

Other creditors

10,703

34,366

20,322

41,048