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 2020

Period of accounts

Start date: 01 July 2019

End date: 30 June 2020

PHOTOGRAPH TRADING LTD

Contents of the Financial Statements

for the Period Ended 30 June 2020

Balance sheet
Notes

PHOTOGRAPH TRADING LTD

Balance sheet

As at 30 June 2020


Notes
2020
2019


£
£
Current assets
Stocks: 98,014 29,124
Debtors:   237 2,723
Cash at bank and in hand: 2,568 1,438
Total current assets: 100,819 33,285
Creditors: amounts falling due within one year:   (66,159) (23,518)
Net current assets (liabilities): 34,660 9,767
Total assets less current liabilities: 34,660 9,767
Total net assets (liabilities): 34,660 9,767
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 34,560 9,667
Shareholders funds: 34,660 9,767

The notes form part of these financial statements

PHOTOGRAPH TRADING LTD

Balance sheet statements

For the year ending 30 June 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 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 04 March 2021
and signed on behalf of the board by:

Name: R Granek
Status: Director

The notes form part of these financial statements

PHOTOGRAPH TRADING LTD

Notes to the Financial Statements

for the Period Ended 30 June 2020

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.

Valuation and information policy

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

PHOTOGRAPH TRADING LTD

Notes to the Financial Statements

for the Period Ended 30 June 2020

2. Employees

2020 2019
Average number of employees during the period 1 2