Gentle Designs Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04879920 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2018

FOR

GENTLE DESIGNS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Sutcliffe

REGISTERED OFFICE:

36 Riverside

Eynsford

Dartford

Kent

DA4 0AE

REGISTERED NUMBER:

04879920 (England and Wales)

ACCOUNTANTS:

Sargeant Partnership

Chartered Accountants

5 White Oak Square

London Road

Swanley

Kent

BR8 7AG

FIXED ASSETS

Tangible assets

4

908

922

CURRENT ASSETS

Debtors

5

9,690

711

Cash at bank

59,883

26,504

69,573

27,215

CREDITORS

Amounts falling due within one year

6

20,700

13,912

NET CURRENT ASSETS

48,873

13,303

TOTAL ASSETS LESS CURRENT LIABILITIES

49,781

14,225

PROVISIONS FOR LIABILITIES

152

150

NET ASSETS

49,629

14,075

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

49,627

14,073

SHAREHOLDERS' FUNDS

49,629

14,075

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 29 November 2018 and were signed by:

G Sutcliffe - Director

1.	STATUTORY INFORMATION

Gentle Designs 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents sales of services less adjustment for vat paid under the Flat Rate Scheme.

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% per annum on reducing balance

Fixtures and fittings

-

25% per annum on reducing balance

Computer equipment

-

25% per annum on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 September 2017

251

560

1,772

2,583

Additions

-

-

289

289

At 31 August 2018

251

560

2,061

2,872

DEPRECIATION

At 1 September 2017

247

545

869

1,661

Charge for year

1

4

298

303

At 31 August 2018

248

549

1,167

1,964

NET BOOK VALUE

At 31 August 2018

3

11

894

908

At 31 August 2017

4

15

903

922

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

9,690

711

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

18,586

12,569

Other creditors

2,114

1,343

20,700

13,912

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

1

Ordinary shares

£1

1

1

1

Ordinary A shares

£1

1

1

2

2

8.

RESERVES

Retained

earnings

£

At 1 September 2017

14,073

Profit for the year

57,804

Dividends

(22,250

)

At 31 August 2018

49,627

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

10.	RELATED PARTY DISCLOSURES

During the year dividends were paid to the shareholders of £22,250.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G Sutcliffe.