Comply GDPR Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12035011 (England and Wales)

Unaudited Financial Statements

for the Period 5 June 2019 to 30 June 2020

for

Comply GDPR Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms A J Wisdish

REGISTERED OFFICE:

11 Atte Lane

Warfield

Bracknell

Berkshire

RG42 2QG

REGISTERED NUMBER:

12035011 (England and Wales)

ACCOUNTANTS:

SAS Business Services Limited

11 Atte Lane

Warfield

Bracknell

Bekshire

RG42 2QG

FIXED ASSETS

Tangible assets

4

375

Investments

5

32,000

32,375

CURRENT ASSETS

Debtors

6

11,953

Cash at bank

50,026

61,979

CREDITORS

Amounts falling due within one year

7

79,626

NET CURRENT LIABILITIES

(17,647

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,728

CAPITAL AND RESERVES

Called up share capital

10

Retained earnings

14,718

SHAREHOLDERS' FUNDS

14,728

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 31 October 2020 and were signed by:

Ms A J Wisdish - Director

1.	STATUTORY INFORMATION

Comply GDPR Limited 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 period 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 period 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.

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.

Financial assets and liabilities

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

500

At 30 June 2020

500

DEPRECIATION

Charge for period

125

At 30 June 2020

125

NET BOOK VALUE

At 30 June 2020

375

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

Additions

377,000

Disposals

(345,000

)

At 30 June 2020

32,000

NET BOOK VALUE

At 30 June 2020

32,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

11,877

Other debtors

76

11,953

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

237

Taxation and social security

23,306

Other creditors

56,083

79,626

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 June 2020:

£

Ms A J Wisdish

Balance outstanding at start of period

-

Amounts advanced

12,200

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

12,200

9.	POST BALANCE SHEET EVENTS

During June 2020 the company applied for a loan under the Bounce Back Loan Scheme (BBLS) of £25,000 from National Westminster Bank Plc and the funds were received into the company's bank account on 20th July 2020.

The company remains liable for all sums payable under the loan agreement but the scheme gives the lender a full government-backed guarantee against the outstanding balance of the facility (both capital and interest).

There are no repayments due within the first twelve months of the loan. The Government will make a Business Interruption Payment (BIP) to cover the first 12 months of interest payments.

The length of the loan is six years and after the initial period of twelve months the loan is repayable over five years at a rate of 2.5%

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms A J Wisdish.