PHOTOGRAPH TRADING LTD

PHOTOGRAPH TRADING LTD

PHOTOGRAPH TRADING LTD - Company Information

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PHOTOGRAPH TRADING LTD

Company Registration Number:
10845435 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2018

Period of accounts

Start date: 30 June 2017

End date: 30 June 2018

PHOTOGRAPH TRADING LTD

Contents of the Financial Statements

for the Period Ended 30 June 2018

Balance sheet
Notes

PHOTOGRAPH TRADING LTD

Balance sheet

As at 30 June 2018


Notes
2018


£
Current assets
Stocks: 24,136
Debtors:   6,193
Cash at bank and in hand: 2,315
Total current assets: 32,644
Creditors: amounts falling due within one year:   (31,069)
Net current assets (liabilities): 1,575
Total assets less current liabilities: 1,575
Total net assets (liabilities): 1,575
Capital and reserves
Called up share capital: 100
Profit and loss account: 1,475
Shareholders funds: 1,575

The notes form part of these financial statements

PHOTOGRAPH TRADING LTD

Balance sheet statements

For the year ending 30 June 2018 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 Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 March 2019
and signed on behalf of the board by:

Name: J Berman
Status: Director

The notes form part of these financial statements

PHOTOGRAPH TRADING LTD

Notes to the Financial Statements

for the Period Ended 30 June 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

PHOTOGRAPH TRADING LTD

Notes to the Financial Statements

for the Period Ended 30 June 2018

2. Employees

2018
Average number of employees during the period 2