Johnny Girardi Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08213301 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2020

for

Johnny Girardi Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J Girardi

SECRETARY:

Mr J Girardi

REGISTERED OFFICE:

14 Devonshire Square

London

EC2M 4YT

REGISTERED NUMBER:

08213301 (England and Wales)

ACCOUNTANTS:

Brookstone Accountancy Limited

3rd Floor

207 Regent Street

London

W1B 3HH

FIXED ASSETS

Tangible assets

4

2,518

2,115

CURRENT ASSETS

Debtors

5

5,387

19,532

Prepayments and accrued income

142,000

-

Cash at bank and in hand

215,429

224,134

362,816

243,666

CREDITORS

Amounts falling due within one year

6

144,417

131,751

NET CURRENT ASSETS

218,399

111,915

TOTAL ASSETS LESS CURRENT LIABILITIES

220,917

114,030

CAPITAL AND RESERVES

Called up share capital

7

100,000

100,000

Retained earnings

120,917

14,030

SHAREHOLDERS' FUNDS

220,917

114,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 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 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 20 May 2021 and were signed by:

Mr J Girardi - Director

1.	STATUTORY INFORMATION

Johnny Girardi 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.

Computer equipment

-

33% on cost

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 NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2019

7,572

Additions

2,728

At 31 August 2020

10,300

DEPRECIATION

At 1 September 2019

5,457

Charge for year

2,325

At 31 August 2020

7,782

NET BOOK VALUE

At 31 August 2020

2,518

At 31 August 2019

2,115

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Trade debtors

-

15,180

Other debtors

3,807

3,807

VAT

1,580

545

5,387

19,532

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Trade creditors

9,000

7,043

Tax

17,828

-

Directors' current accounts

97,289

116,283

Accrued expenses

20,300

8,425

144,417

131,751

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.20

31.8.19

value:

£

£

100,000

Ordinary

£ 1

100,000

100,000

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J Girardi.