Company Registration No. 12061733 (England and Wales)
GOD ROCKS LIMITED
Unaudited accounts
for the year ended 31 December 2020
GOD ROCKS LIMITED
Unaudited accounts
Contents
GOD ROCKS LIMITED
Company Information
for the year ended 31 December 2020
Company Number
12061733 (England and Wales)
Registered Office
PARSONAGE FARM
9 CHURCH LANE
LONG ASHTON
BRISTOL
BS41 9LU
ENGLAND
Accountants
FARQUHAR PARTNERSHIP LIMITED
151 WHITELADIES ROAD
CLIFTON
BRISTOL
BS8 2RA
GOD ROCKS LIMITED
Statement of financial position
as at
31 December 2020
Intangible assets
142,482
-
Creditors: amounts falling due within one year
(190,779)
(74,426)
Net current liabilities
(190,779)
(54,648)
Net liabilities
(48,297)
(54,648)
Called up share capital
1
1
Profit and loss account
(48,298)
(54,649)
Shareholders' funds
(48,297)
(54,648)
For the year ending 31 December 2020 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 June 2021 and were signed on its behalf by
T J Hughes
Director
Company Registration No. 12061733
GOD ROCKS LIMITED
Notes to the Accounts
for the year ended 31 December 2020
GOD ROCKS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12061733. The registered office is PARSONAGE FARM, 9 CHURCH LANE, LONG ASHTON, BRISTOL, BS41 9LU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets are included at cost less accumulated amortisation.
The company has made a profit in the year although it continued to have net liabilities at the balance sheet date. The director is confident that the company will become profitable in the near future and in the meantime the shareholder and director of the parent company has confirmed his continuing financial support of the company and hence these accounts have been prepared on a going concern basis.
GOD ROCKS LIMITED
Notes to the Accounts
for the year ended 31 December 2020
4
Intangible fixed assets
Other
At 31 December 2020
149,606
Charge for the year
7,124
At 31 December 2020
7,124
At 31 December 2020
142,482
The intagible asset related to the purchase of marketing access and materials from Chelsea Road Productions Inc. This is amortised on a straight-line basis over a period of 7 years and represents the cost of on-going productions currently being sold by the Company.
5
Debtors: amounts falling due within one year
2020
2019
Amounts due from group undertakings etc.
-
19,195
6
Creditors: amounts falling due within one year
2020
2019
Trade creditors
1,304
6,108
Amounts owed to group undertakings and other participating interests
110,462
25,771
Taxes and social security
4,914
-
7
Share capital
2020
2019
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1
1
The parent undertaking is Wonderborn Studios Ltd whose registered office is 151 Whiteladies Road, Clifton, Bristol, BS8 2RA.
9
Average number of employees
During the year the average number of employees was 0 (2019: 0).