David Golden Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09166564 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2020

for

David Golden Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTOR:

D Golden

REGISTERED OFFICE:

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

REGISTERED NUMBER:

09166564 (England and Wales)

ACCOUNTANTS:

Lawrence & Company

Chartered Certified Accountants

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

FIXED ASSETS

Tangible assets

4

112

149

CURRENT ASSETS

Debtors

5

2,601

6,250

Cash at bank

4,881

4,722

7,482

10,972

CREDITORS

Amounts falling due within one year

6

38,828

43,790

NET CURRENT LIABILITIES

(31,346

)

(32,818

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(31,234

)

(32,669

)

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

7

(31,238

)

(32,673

)

SHAREHOLDERS' FUNDS

(31,234

)

(32,669

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 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 28 September 2020 and were signed by:

D Golden - Director

1.	STATUTORY INFORMATION

David Golden 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 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 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 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2019

and 31 August 2020

708

DEPRECIATION

At 1 September 2019

559

Charge for year

37

At 31 August 2020

596

NET BOOK VALUE

At 31 August 2020

112

At 31 August 2019

149

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Trade debtors

2,601

6,250

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Tax

2,467

2,549

Other creditors

11,363

11,363

Directors' current accounts

23,558

23,438

Accrued expenses

1,440

6,440

38,828

43,790

7.

RESERVES

Retained

earnings

£

At 1 September 2019

(32,673

)

Profit for the year

10,485

Dividends

(9,050

)

At 31 August 2020

(31,238

)

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2020 and 31 August 2019:

31.8.20

31.8.19

£

£

D Golden

Balance outstanding at start of year

(23,438

)

(23,318

)

Amounts advanced

(120

)

(120

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(23,558

)

(23,438

)

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £3,475 (2019 - £5,850) were paid to the director .

10.	POST BALANCE SHEET EVENTS

The director's have considered the effects of the Covid-19 pandemic on their business and do not consider the financial implications to be material. As such no adjustments have been made to these financial statements.

11.	GOING CONCERN

Although the world has been affected by the effects of an unprecedented pandemic, namely Covid-19 the

director's feel that the company has not been significantly adversely affected. The company saw no downturn in work as it is in the medical industry. Therefore the director's feel that in their opinion the company will be able to continue in operation for at least the next 12 months and that the accounts should be prepared on a going concern basis.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2020 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Lawrence & Company

Chartered Certified Accountants

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

29 September 2020