Abbreviated Company Accounts - PHOTOCENTRIC LIMITED

Abbreviated Company Accounts - PHOTOCENTRIC LIMITED

PHOTOCENTRIC LIMITED - Company Information

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Registered Number 04476687

PHOTOCENTRIC LIMITED

Abbreviated Accounts

31 December 2014

PHOTOCENTRIC LIMITED Registered Number 04476687

Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 41,596 42,326
Tangible assets 3 207,787 152,548
249,383 194,874
Current assets
Stocks 671,697 457,183
Debtors 631,764 582,297
Cash at bank and in hand 104,012 106,881
1,407,473 1,146,361
Creditors: amounts falling due within one year (701,509) (399,308)
Net current assets (liabilities) 705,964 747,053
Total assets less current liabilities 955,347 941,927
Creditors: amounts falling due after more than one year (419,745) (514,999)
Provisions for liabilities (41,001) (30,317)
Total net assets (liabilities) 494,601 396,611
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 493,601 395,611
Shareholders' funds 494,601 396,611
  • For the year ending 31 December 2014 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 19 June 2015

And signed on their behalf by:
Mr Paul Holt, Director

PHOTOCENTRIC LIMITED Registered Number 04476687

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Intangible fixed assets
£
Cost
At 1 January 2014 67,838
Additions 3,022
Disposals -
Revaluations -
Transfers -
At 31 December 2014 70,860
Amortisation
At 1 January 2014 25,512
Charge for the year 3,752
On disposals -
At 31 December 2014 29,264
Net book values
At 31 December 2014 41,596
At 31 December 2013 42,326
3Tangible fixed assets
£
Cost
At 1 January 2014 476,628
Additions 117,056
Disposals (88,264)
Revaluations -
Transfers -
At 31 December 2014 505,420
Depreciation
At 1 January 2014 324,080
Charge for the year 50,378
On disposals (76,825)
At 31 December 2014 297,633
Net book values
At 31 December 2014 207,787
At 31 December 2013 152,548