Peter Gordon Design Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09560430 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

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

107 Bell Street

London

NW1 6TL

FIXED ASSETS

Tangible assets

4

2,243

1,856

CURRENT ASSETS

Debtors

5

19,266

18,187

Cash at bank

9,983

22,765

29,249

40,952

CREDITORS

Amounts falling due within one year

6

36,479

36,221

NET CURRENT (LIABILITIES)/ASSETS

(7,230

)

4,731

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,987

)

6,587

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(5,087

)

6,487

SHAREHOLDERS' FUNDS

(4,987

)

6,587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

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

The financial statements were approved by the director on 13 February 2019 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 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 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.

Computer equipment

-

25% 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

Computer

equipment

£

COST

At 1 May 2017

2,611

Additions

1,134

At 30 April 2018

3,745

DEPRECIATION

At 1 May 2017

755

Charge for year

747

At 30 April 2018

1,502

NET BOOK VALUE

At 30 April 2018

2,243

At 30 April 2017

1,856

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade debtors

6,090

18,187

Directors' current accounts

13,176

-

19,266

18,187

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Tax

14,869

24,086

VAT

14,235

8,379

Directors' current accounts

-

576

Accrued expenses

7,375

3,180

36,479

36,221