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REGISTERED NUMBER: 06828893 (England and Wales)













Unaudited Financial Statements

for the Year Ended 28 February 2022

for

Geoff Brown Studio Ltd

Geoff Brown Studio Ltd (Registered number: 06828893)






Contents of the Financial Statements
for the Year Ended 28 February 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Geoff Brown Studio Ltd

Company Information
for the Year Ended 28 February 2022







DIRECTORS: G K Brown
Mrs S M Howie-Brown





REGISTERED OFFICE: Bettenham Barn
BIDDENDEN
Kent
TN27 8LS





REGISTERED NUMBER: 06828893 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Bank Chambers
61 High Street
Cranbrook
Kent
TN17 3EG

Geoff Brown Studio Ltd (Registered number: 06828893)

Balance Sheet
28 February 2022

28.2.22 28.2.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,188 1,799

CURRENT ASSETS
Debtors 5 18,311 8,643
Cash at bank 45,188 59,446
63,499 68,089
CREDITORS
Amounts falling due within one year 6 28,529 26,986
NET CURRENT ASSETS 34,970 41,103
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,158

42,902

PROVISIONS FOR LIABILITIES 226 356
NET ASSETS 35,932 42,546

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings 35,922 42,536
SHAREHOLDERS' FUNDS 35,932 42,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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.

Geoff Brown Studio Ltd (Registered number: 06828893)

Balance Sheet - continued
28 February 2022


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 30 August 2022 and were signed on its behalf by:





G K Brown - Director


Geoff Brown Studio Ltd (Registered number: 06828893)

Notes to the Financial Statements
for the Year Ended 28 February 2022

1. STATUTORY INFORMATION

Geoff Brown Studio 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - straight line over 3 years

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.

Geoff Brown Studio Ltd (Registered number: 06828893)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

2. ACCOUNTING POLICIES - continued

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.

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 3 (2021 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2021
and 28 February 2022 3,071 11,264 14,335
DEPRECIATION
At 1 March 2021 1,932 10,604 12,536
Charge for year 171 440 611
At 28 February 2022 2,103 11,044 13,147
NET BOOK VALUE
At 28 February 2022 968 220 1,188
At 28 February 2021 1,139 660 1,799

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Trade debtors 16,510 3,910
Amounts recoverable on contract - 980
Other debtors 1,801 3,753
18,311 8,643

Geoff Brown Studio Ltd (Registered number: 06828893)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Taxation and social security 17,292 25,895
Other creditors 11,237 1,091
28,529 26,986

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 28.2.22 28.2.21
value: £    £   
10 Ordinary 1 10 10

8. PENSION COMMITMENTS

The company operates an auto-enrolment pension scheme for staff. Contributions by the company to this were £768 (2021: £749). There were outstanding contributions owed to the scheme as at 28 February 2022 of £207 (2021: £125).