Geffen Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03755288 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021

FOR

GEFFEN LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M B A van Geffen

Mrs J S van Geffen

SECRETARY:

Mrs J S Geffen

REGISTERED OFFICE:

Suite 18, Springboard Business Centre

Ellerbeck Way

Stokesley Business Park

Stokesley

TS9 5JZ

REGISTERED NUMBER:

03755288 (England and Wales)

BANKERS:

Santander

FIXED ASSETS

Tangible assets

4

223

513

CURRENT ASSETS

Stocks

1,619,750

1,073,650

Debtors

5

2,273,245

2,460,729

Cash at bank

572,886

573,906

4,465,881

4,108,285

CREDITORS

Amounts falling due within one year

326,406

402,452

NET CURRENT ASSETS

4,139,475

3,705,833

TOTAL ASSETS LESS CURRENT LIABILITIES

4,139,698

3,706,346

CREDITORS

Amounts falling due after more than one year

(2,914,146

)

(2,554,146

)

PROVISIONS FOR LIABILITIES

(42

)

(98

)

NET ASSETS

1,225,510

1,152,102

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,224,510

1,151,102

SHAREHOLDERS' FUNDS

1,225,510

1,152,102

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 directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30 April 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 April 2022 and were signed on its behalf by:

M B A van Geffen - Director

1.	STATUTORY INFORMATION

Geffen 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2020

and 30 April 2021

1,162

DEPRECIATION

At 1 May 2020

649

Charge for year

290

At 30 April 2021

939

NET BOOK VALUE

At 30 April 2021

223

At 30 April 2020

513

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Other debtors

2,270,457

1,326,516

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr M B A van Geffen and Mrs J S van Geffen by virtue of their ownership of 100% of the ordinary share capital of the company.