SD Photography Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04478318 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

SD Photography Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Dunlop

SECRETARY:

A Gibson

REGISTERED OFFICE:

4th Floor

167 Fleet Street

London

EC4A 2EA

REGISTERED NUMBER:

04478318 (England and Wales)

ACCOUNTANTS:

Elliotts Shah

Chartered Accountants

4th Floor

167 Fleet Street

London

EC4A 2EA

FIXED ASSETS

Tangible assets

4

4,579

6,750

CURRENT ASSETS

Debtors

5

1,086

7,584

Cash at bank

1,178

2,648

2,264

10,232

CREDITORS

Amounts falling due within one year

6

16,255

16,853

NET CURRENT LIABILITIES

(13,991

)

(6,621

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,412

)

129

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(9,512

)

29

SHAREHOLDERS' FUNDS

(9,412

)

129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 21 September 2021 and were signed by:

S Dunlop - Director

1.	STATUTORY INFORMATION

SD 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.

Going concern

Management has considered the consequences of COVID-19 and other events and conditions, and it has determined that they do not create a material uncertainty that casts significant doubt upon the entity’s ability to continue as a going concern. The impact of COVID-19 on future performance and therefore on the measurement of some assets and liabilities or on liquidity might be significant and might therefore require disclosure in the financial statements, but management has determined that they do not create a material uncertainty that casts significant doubt upon the entity’s ability to continue as a going concern.

The company is dependent on the continued financial support of its sole director and shareholder. The director believes this financial support will be available for the foreseeable future. it is therefore appropriate to prepare the accounts on a going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of support by the company's sole director and shareholder..

Turnover

Turnover represents net value of goods and services , excluding any value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2020

48,890

10,844

59,734

Additions

311

499

810

Disposals

(17,044

)

(9,604

)

(26,648

)

At 31 March 2021

32,157

1,739

33,896

DEPRECIATION

At 1 April 2020

42,760

10,224

52,984

Charge for year

2,546

435

2,981

Eliminated on disposal

(17,044

)

(9,604

)

(26,648

)

At 31 March 2021

28,262

1,055

29,317

NET BOOK VALUE

At 31 March 2021

3,895

684

4,579

At 31 March 2020

6,130

620

6,750

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

488

7,584

Other debtors

598

-

1,086

7,584

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

10,000

-

Taxation and social security

-

11,204

Other creditors

6,255

5,649

16,255

16,853

7.	ULTIMATE CONTROLLING PARTY

The controlling party is S Dunlop.