G DE G LIMITED - Limited company accounts 20.1

REGISTERED NUMBER: 09492422

REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021

FOR

G DE G LIMITED

Page

Company Information

1

Report of the Director

2

Statement of Income and Retained Earnings

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

G M De Glanville

SECRETARY:

Mrs A De Glanville

REGISTERED OFFICE:

259 Croydon Road

Beckenham

Kent

CR0 8PL

REGISTERED NUMBER:

09492422

ACCOUNTANTS:

HARLEYS

259 Croydon Road

Beckenham

Kent

BR3 3PS

The director presents his report with the financial statements of the company for the year ended 30 April 2021.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of Film and TV production.

DIVIDENDS

Interim dividends per share were paid as follows:

£100

- 21 July 2020

£100

- 29 January 2021

£200

The director recommends a final dividend of £200 per share, making a total of £400 per share for the year ended 30 April 2021.

The total distribution of dividends for the year ended 30 April 2021 will be £ 40,000 .

DIRECTOR

G M De Glanville was the sole director during the year under review.

His beneficial interest in the issued share capital of the company was as follows:

30.4.21

1.5.20

Ordinary £1 shares

80

ON BEHALF OF THE BOARD:

Mrs A De Glanville - Secretary

14 December 2021

TURNOVER

132,198

104,302

Cost of sales

9,180

8,060

GROSS PROFIT

123,018

96,242

Administrative expenses

47,097

43,944

75,921

52,298

Other operating income

6,370

-

OPERATING PROFIT and

PROFIT BEFORE TAXATION

82,291

52,298

Tax on profit

5

15,700

9,928

PROFIT FOR THE FINANCIAL YEAR

66,591

42,370

Retained earnings at beginning of year

75,013

82,643

Dividends

(40,000

)

(50,000

)

RETAINED EARNINGS AT END OF YEAR

101,604

75,013

FIXED ASSETS

Tangible assets

6

500

700

CURRENT ASSETS

Debtors

7

36,282

2,890

Cash at bank

150,587

146,908

186,869

149,798

CREDITORS

Amounts falling due within one year

8

85,665

75,385

NET CURRENT ASSETS

101,204

74,413

TOTAL ASSETS LESS CURRENT
LIABILITIES

101,704

75,113

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

10

101,604

75,013

SHAREHOLDERS' FUNDS

101,704

75,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 14 December 2021 and were signed by:

G M De Glanville - Director

1.	STATUTORY INFORMATION

G DE G LIMITED 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 Statement of Income and Retained Earnings, 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

30.4.21

30.4.20

£

Wages and salaries

28,800

27,000

The average number of employees during the year was as follows:

30.4.21

30.4.20

Management

2

30.4.21

30.4.20

£

Director's remuneration

18,000

4.	OPERATING PROFIT

The operating profit is stated after charging:

30.4.21

30.4.20

£

Depreciation - owned assets

200

5.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

30.4.21

30.4.20

£

Current tax:

UK corporation tax

15,700

9,928

Tax on profit

15,700

9,928

6.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 May 2020

and 30 April 2021

3,149

DEPRECIATION

At 1 May 2020

2,449

Charge for year

200

At 30 April 2021

2,649

NET BOOK VALUE

At 30 April 2021

500

At 30 April 2020

700

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

Trade debtors

36,282

2,890

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

Trade creditors

19,015

4,616

Tax

15,700

10,000

Social security and other taxes

(156

)

(716

)

VAT

9,062

11,125

Directors' current accounts

42,044

50,360

85,665

75,385

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.21

30.4.20

value:

£

100

Ordinary

£1

100

10.

RESERVES

Retained

earnings

£

At 1 May 2020

75,013

Profit for the year

66,591

Dividends

(40,000

)

At 30 April 2021

101,604