TUDOR_PHOTOGRAPHY_LIMITED - Accounts

TUDOR PHOTOGRAPHY LIMITED - Company Information

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Company Registration No. 04764521 (England and Wales)

TUDOR PHOTOGRAPHY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

TUDOR PHOTOGRAPHY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

TUDOR PHOTOGRAPHY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

977

1,308

Current assets

Stocks

900

Debtors

17,268

17,610

Cash at bank and in hand

411

352

18,579

18,862

Creditors: amounts falling due within one year

(13,521)

(12,581)

Net current assets

5,058

6,281

Total assets less current liabilities

6,035

7,589

Creditors: amounts falling due after more than one year

(4,477)

(6,804)

1,558

785

Capital and reserves

Called up share capital

100

Profit and loss account

1,458

685

Shareholders' funds

1,558

785

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 September 2015

Mr H T Rhodes

Director

Company Registration No. 04764521

TUDOR PHOTOGRAPHY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2007).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Income is recognised as services are supplied and the right to consideration arises.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% Reducing Balance

Fixtures, fittings & equipment

15% Reducing Balance

Fixed assets

Tangible assets

Cost

At 1 January 2014 & at 31 December 2014

21,839

Depreciation

At 1 January 2014

20,531

Charge for the year

331

At 31 December 2014

20,862

Net book value

At 31 December 2014

977

At 31 December 2013

1,308

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary of £1 each

100

TUDOR PHOTOGRAPHY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 3 -

Related party relationships and transactions

Loan to director

Transactions in relation to a loan with the director during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr H T Rhodes

10,631

32,545

33,074

10,102

10,631

32,545

33,074

10,102

The maximum owing to the company by Harry Rhodes at anytime during the year was £10,102 (2013 - £10,632).