Peter Gordon Design Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09560430 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

PETER GORDON DESIGN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

E P Gordon

REGISTERED OFFICE:

107 Bell Street

London

NW1 6TL

REGISTERED NUMBER:

09560430 (England and Wales)

ACCOUNTANTS:

Butters Gates & Company

Chartered Accountants

107 Bell Street

London

NW1 6TL

FIXED ASSETS

Tangible assets

4

9,614

10,978

CURRENT ASSETS

Debtors

5

2,892

10,620

Cash at bank

35,671

42,418

38,563

53,038

CREDITORS

Amounts falling due within one year

6

28,824

36,969

NET CURRENT ASSETS

9,739

16,069

TOTAL ASSETS LESS CURRENT LIABILITIES

19,353

27,047

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

19,253

26,947

SHAREHOLDERS' FUNDS

19,353

27,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 January 2024 and were signed by:

E P Gordon - Director

1.	STATUTORY INFORMATION

Peter Gordon Design Ltd 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

Motor vehicles

-

Straight line over 4 years

Computer equipment

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 May 2022

1,145

13,000

4,160

18,305

Additions

-

-

2,924

2,924

At 30 April 2023

1,145

13,000

7,084

21,229

DEPRECIATION

At 1 May 2022

759

3,250

3,318

7,327

Charge for year

97

3,250

941

4,288

At 30 April 2023

856

6,500

4,259

11,615

NET BOOK VALUE

At 30 April 2023

289

6,500

2,825

9,614

At 30 April 2022

386

9,750

842

10,978

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade debtors

2,892

10,620

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Tax

15,691

18,561

VAT

10,841

10,077

Directors' current accounts

192

4,326

Accrued expenses

2,100

4,005

28,824

36,969