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REGISTERED NUMBER: 05028024 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Gafro Studios Limited

Gafro Studios Limited (Registered number: 05028024)

Contents of the Financial Statements
for the Year Ended 31 January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Gafro Studios Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: A J Turner





SECRETARY: Mrs L M Turner





REGISTERED OFFICE: 45 High Street
Brighouse
West Yorkshire
HD6 1DE





REGISTERED NUMBER: 05028024 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

Gafro Studios Limited (Registered number: 05028024)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,992 21,642

CURRENT ASSETS
Cash at bank 821 1,677

CREDITORS
Amounts falling due within one year 5 17,368 12,630
NET CURRENT LIABILITIES (16,547 ) (10,953 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,445

10,689

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 3,444 10,688
SHAREHOLDERS' FUNDS 3,445 10,689

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2023 and were signed by:





A J Turner - Director


Gafro Studios Limited (Registered number: 05028024)

Notes to the Financial Statements
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

Gafro Studios 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 net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 10 years
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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.

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 ) .

Gafro Studios Limited (Registered number: 05028024)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 February 2022 7,591 25,571 1,326 34,488
Additions - 1,833 - 1,833
At 31 January 2023 7,591 27,404 1,326 36,321
DEPRECIATION
At 1 February 2022 2,277 9,243 1,326 12,846
Charge for year 759 2,724 - 3,483
At 31 January 2023 3,036 11,967 1,326 16,329
NET BOOK VALUE
At 31 January 2023 4,555 15,437 - 19,992
At 31 January 2022 5,314 16,328 - 21,642

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Directors' loan accounts 16,168 11,430
Accrued expenses 1,200 1,200
17,368 12,630

6. RELATED PARTY DISCLOSURES

The company is controlled by the company director.