ACCOUNTS - Final Accounts

RICHARD GOODWIN LTD - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2021-07-312021-07-312The principal activity of the company was that of film production.true22020-08-01falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09154979 2020-08-01 2021-07-31 09154979 2019-08-01 2020-07-31 09154979 2021-07-31 09154979 2020-07-31 09154979 c:Director1 2020-08-01 2021-07-31 09154979 d:ComputerEquipment 2020-08-01 2021-07-31 09154979 d:ComputerEquipment 2021-07-31 09154979 d:ComputerEquipment 2020-07-31 09154979 d:ComputerEquipment d:OwnedOrFreeholdAssets 2020-08-01 2021-07-31 09154979 d:CurrentFinancialInstruments 2021-07-31 09154979 d:CurrentFinancialInstruments 2020-07-31 09154979 d:CurrentFinancialInstruments d:WithinOneYear 2021-07-31 09154979 d:CurrentFinancialInstruments d:WithinOneYear 2020-07-31 09154979 d:ShareCapital 2021-07-31 09154979 d:ShareCapital 2020-07-31 09154979 d:RetainedEarningsAccumulatedLosses 2021-07-31 09154979 d:RetainedEarningsAccumulatedLosses 2020-07-31 09154979 c:OrdinaryShareClass1 2020-08-01 2021-07-31 09154979 c:OrdinaryShareClass1 2021-07-31 09154979 c:FRS102 2020-08-01 2021-07-31 09154979 c:AuditExempt-NoAccountantsReport 2020-08-01 2021-07-31 09154979 c:FullAccounts 2020-08-01 2021-07-31 09154979 c:PrivateLimitedCompanyLtd 2020-08-01 2021-07-31 09154979 2 2020-08-01 2021-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09154979

RICHARD GOODWIN LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021


RICHARD GOODWIN LTD

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


RICHARD GOODWIN LTD REGISTERED NUMBER:09154979

STATEMENT OF FINANCIAL POSITION

AS AT 31 JULY 2021

		2021		2020
Note		£		£

Fixed assets
Tangible assets	4		1,411		1,881
Current assets
Debtors: amounts falling due within one year	5	4,948		-
Cash at bank and in hand		256,561		150,150
		261,509		150,150
Creditors: amounts falling due within one year	6	(166,215)		(37,367)
Net current assets			95,294		112,783

Net assets			96,705		114,664

Capital and reserves
Called up share capital	7	2	2
Profit and loss account		96,703	114,662
		96,705	114,664

Page 1


RICHARD GOODWIN LTD REGISTERED NUMBER:09154979

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JULY 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

R Goodwin

Director

Date: 28 April 2022

The notes on pages 3 to 6 form part of these financial statements.

Page 2


RICHARD GOODWIN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

1.	General information

Richard Goodwin Limited is a limited liability company registered in England and Wales with its registered office at 24 Browning Road,Harpenden, Herts, United Kingdom, AL5 4TR.

The principal activity of the company is that of film production.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied
during the period, exclusive of Value Added Tax and trade discounts.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment

25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3


RICHARD GOODWIN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

2.Accounting policies (continued)

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

2.6

Creditors

Short term creditors are measured at the transaction price.

2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 2 (2020 - 2).

Page 4


RICHARD GOODWIN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 August 2020	4,249
	At 31 July 2021	4,249
	Depreciation
	At 1 August 2020	2,368
	Charge for the year on owned assets	470
	At 31 July 2021	2,838
	Net book value
	At 31 July 2021	1,411
	At 31 July 2020	1,881

Debtors

					2021	2020
					£	£


Other debtors	4,948	-

6.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Trade creditors	-	4,226
Taxation and social security	-	26,131
Other creditors	161,055	143
Accruals and deferred income	5,160	6,867
	166,215	37,367

Page 5


RICHARD GOODWIN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

7.	Share capital
		2021	2020
		£	£

Allotted, called up and fully paid

2 Ordinary shares of £1 each	2	2

Page 6