Des Willie Photography Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06421237 (England and Wales)

Financial Statements

for the Year Ended 30 November 2019

for

DES WILLIE PHOTOGRAPHY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Willie

REGISTERED OFFICE:

31 - 41 Worship Street

London

EC2A 2DX

REGISTERED NUMBER:

06421237 (England and Wales)

ACCOUNTANTS:

Marchant Lewis Limited

31-41 Worship Street

London

EC2A 2DX

FIXED ASSETS

Tangible assets

4

2,236

2,981

CURRENT ASSETS

Debtors

5

35,782

31,341

Cash at bank

8,976

412

44,758

31,753

CREDITORS

Amounts falling due within one year

6

25,531

17,804

NET CURRENT ASSETS

19,227

13,949

TOTAL ASSETS LESS CURRENT LIABILITIES

21,463

16,930

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

21,462

16,929

SHAREHOLDERS' FUNDS

21,463

16,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 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 19 November 2020 and were signed by:

D Willie - Director

1.	STATUTORY INFORMATION

Des Willie Photography 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 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

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 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 December 2018

and 30 November 2019

12,692

679

13,371

DEPRECIATION

At 1 December 2018

9,712

678

10,390

Charge for year

745

-

745

At 30 November 2019

10,457

678

11,135

NET BOOK VALUE

At 30 November 2019

2,235

1

2,236

At 30 November 2018

2,980

1

2,981

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade debtors

21,275

16,775

Other debtors

14,507

14,566

35,782

31,341

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade creditors

1,099

1,695

Tax

15,960

12,385

VAT

8,472

3,724

25,531

17,804