Grizzly Media Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07395424 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2021

for

Grizzly Media Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Kaleta

REGISTERED OFFICE:

The Coach House

Ealing Green

London

W5 5ER

REGISTERED NUMBER:

07395424 (England and Wales)

ACCOUNTANTS:

Bennett and Company

Chartered Certified Accountants

The Coach House

Ealing Green

London

W5 5ER

FIXED ASSETS

Tangible assets

4

13,416

10,318

CURRENT ASSETS

Debtors

5

369

-

Cash at bank and in hand

56,893

51,651

57,262

51,651

CREDITORS

Amounts falling due within one year

6

56,472

56,399

NET CURRENT ASSETS/(LIABILITIES)

790

(4,748

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,206

5,570

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

14,204

5,568

SHAREHOLDERS' FUNDS

14,206

5,570

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 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 28 July 2022 and were signed by:

A Kaleta - Director

1.	STATUTORY INFORMATION

Grizzly Media 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.

Plant and machinery

-

25% on reducing balance

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 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 November 2020

56,948

Additions

7,570

At 31 October 2021

64,518

DEPRECIATION

At 1 November 2020

46,630

Charge for year

4,472

At 31 October 2021

51,102

NET BOOK VALUE

At 31 October 2021

13,416

At 31 October 2020

10,318

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21

31.10.20

£

£

Trade debtors

369

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21

31.10.20

£

£

Trade creditors

3,600

2,100

Taxation and social security

11,315

6,662

Other creditors

41,557

47,637

56,472

56,399

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.21

31.10.20

value:

£

£

2

Ordinary

£1

2

2