Gazelle Productions Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06270844 (England and Wales)

Gazelle Productions Limited

Unaudited Financial Statements for the Year Ended 31st March 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G C Hazel

S Hazel

REGISTERED OFFICE:

8, Blandfield Road

London

SW12 8BG

REGISTERED NUMBER:

06270844 (England and Wales)

ACCOUNTANTS:

The Decimal Place

8 Blandfield Road

London

SW12 8BG

BANKERS:

Lloyds TSB

Chelmsford Legg St OSC

1 Legg St

Essex

CM1 1JS

FIXED ASSETS

Tangible assets

4

34,776

46,723

34,776

46,723

CURRENT ASSETS

Stocks

5

10,000

-

Debtors

6

17,313

14,594

Cash at bank

54,647

80,719

81,960

95,313

CREDITORS

Amounts falling due within one year

7

109,999

137,175

NET CURRENT LIABILITIES

(28,039

)

(41,862

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,737

4,861

PROVISIONS FOR LIABILITIES

8

6,607

-

NET ASSETS

130

4,861

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

30

4,761

SHAREHOLDERS' FUNDS

130

4,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

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 2nd May 2023 and were signed on its behalf by:

G C Hazel - Director

1.	STATUTORY INFORMATION

Gazelle Productions 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 represents the value of work completed in the year ; it is stated net of VAT.

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 cost and 10% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st April 2022

155,601

315

5,453

161,369

Additions

4,015

-

1,047

5,062

At 31st March 2023

159,616

315

6,500

166,431

DEPRECIATION

At 1st April 2022

108,880

314

5,452

114,646

Charge for year

15,962

-

1,047

17,009

At 31st March 2023

124,842

314

6,499

131,655

NET BOOK VALUE

At 31st March 2023

34,774

1

1

34,776

At 31st March 2022

46,721

1

1

46,723

5.

STOCKS

2023

2022

£

£

Work-in-progress

10,000

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

17,313

14,594

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

-

1

Tax

11,073

20,220

Social security and other taxes

-

251

VAT

3,427

4,745

Directors' current accounts

93,546

107,629

Accruals and deferred income

1,953

4,329

109,999

137,175

8.	PROVISIONS FOR LIABILITIES

2023

2022

£

£

Deferred tax

6,607

-

Deferred

tax

£

re : accelerated capital

6,607

allowances

Balance at 31st March 2023

6,607

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

50

"A" ordinary

£1

50

50

50

"B" Ordinary

£1

50

50

100

100

10.

RESERVES

Retained

earnings

£

At 1st April 2022

4,761

Profit for the year

30,169

Dividends

(34,900

)

At 31st March 2023

30

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.