Bella And George Ltd Accounts

BELLA AND GEORGE LTD - Company Information






Bella And George Ltd
	Company No. 08899632
		Information for Filing with The Registrar
		29 February 2020


The Directors present their report and the accounts for the year ended 29 February 2020.

Principal activities
The principal activity of the company during the year under review was film and television production.




Directors

The Directors who served at any time during the year were as follows:

M. Parry
A.J. Wright


































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

A.J. Wright
Director
19 June 2020


at	29 February 2020
Company No.		08899632	Notes	2020	2019
				£	£
Fixed assets

	Tangible assets		2	808	1,077


				808	1,077
Current assets

	Debtors		3	36,570	22,668

	Cash at bank and in hand			3,632	1,418
				40,202	24,086
Creditors: Amount falling due within one year			4	(39,940)	(24,446)
Net current assets/(liabilities)				262	(360)
Total assets less current liabilities				1,070	717




Net assets				1,070	717

Capital and reserves
	Called up share capital			200	200



	Profit and loss account		5	870	517

Total equity				1,070	717


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 29 February 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 19 June 2020
And signed on its behalf by:
M. Parry
Director

for the year ended 29 February 2020

Accounting policies

Basis of preparation

The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

25% Reducing balance

Furniture, fittings and equipment

25% Reducing balance

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

2	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 March 2019	3,191	3,191




		At 29 February 2020	3,191	3,191
		Depreciation
		At 1 March 2019	2,114	2,114
		Charge for the year	269	269



		At 29 February 2020	2,383	2,383
		Net book values
		At 29 February 2020	808	808
		At 28 February 2019	1,077	1,077

3	Debtors
			2020	2019
			£	£
		Trade debtors	36,570	11,547




		Loans to directors	-	11,121


			36,570	22,668

4	Creditors:
		amounts falling due within one year
			2020	2019
			£	£




		Trade creditors	5,600	1,250

		Corporation tax	19,286	11,572
		Other taxes and social security	11,948	10,260
		Loans from directors	1,769	-

		Accruals and deferred income	1,337	1,364
			39,940	24,446

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

6	Advances and credits to directors

		Included within Other debtors are the following loans to directors:

		Director	Description	At 1 March 2019	Advanced	Repaid	At 29 February 2020
				£	£	£	£
		M. Parry	Michael Parry	6,636	26,100	(28,588)	4,148
		A.J. Wright	Andrew Wright	4,486	27,287	(31,772)	-






































				11,122	53,387	(60,360)	4,148

Related party disclosures

Controlling parties

Immediate controlling parties

Andrew Wright Michael Parry

Ultimate controlling party

Andrew Wright Michael Parry

Additional information

Its registered number is:

08899632

Its registered office is:

Ground Floor, Southon House

Station Approach

Edenbridge

Kent

TN8 5LP