SIMON WEBB PHOTOGRAPHY LIMITED

SIMON WEBB PHOTOGRAPHY LIMITED - Company Information

2020-04-012021-03-312021-03-31false11256260SIMON WEBB PHOTOGRAPHY 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Registered Number
11256260
(England and Wales)

Unaudited Financial Statements for the Year Ended
31 March 2021

SIMON WEBB PHOTOGRAPHY LIMITED

Company Information
for the year from 1 April 2020 to 31 March 2021


Directors	Simon Webb


Registered Address	Zap Studios, Unit 7b Vanguard Court
	Rear Of 36-38 Peckham Road
	Camberwell
	SE5 8QT


Registered Number	11256260 (England and Wales)

SIMON WEBB PHOTOGRAPHY LIMITED

Balance Sheet as at
31 March 2021

	Notes	2021		2020
		£	£	£	£
Fixed assets
Tangible assets	6		3,009		2,775
			3,009		2,775
Current assets
Debtors	7	76,160		22,258
Cash at bank and on hand		7,105		1,971
		83,265		24,229
Creditors amounts falling due within one year	8	(49,524)		(18,241)
Net current assets (liabilities)			33,741		5,988
Total assets less current liabilities			36,750		8,763
Creditors amounts falling due after one year	9		(36,241)		(8,750)
Net assets			509		13
Capital and reserves
Called up share capital			10		10
Profit and loss account			499		3
Shareholders' funds			509		13

The company was entitled to exemption from audit for this reporting period 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. The directors have chosen to not file a copy of the company’s profit and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 6 December 2021, and are signed on its behalf by:

Simon Webb
Director
Registered Company No. 11256260

SIMON WEBB PHOTOGRAPHY LIMITED

Notes to the Financial Statements
for the year ended 31 March 2021

1.	STATUTORY INFORMATION
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	PRINCIPAL ACTIVITIES
	The company's principal activity during the year continued to be that of photographic activities.

4.	ACCOUNTING POLICIES

	Turnover policy
	Turnover is measuredatthefair valueof theconsideration receivedor receivable,net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measuredatthefair valueof theconsideration receivedor receivable,net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Property, plant and equipment policy
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residualvalue, of each assetevenlyover its expected useful life, as follows:

		Straight line (years)
	Office Equipment	4

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

5.	EMPLOYEE INFORMATION

		2021		2020
	Average number of employees during the year	1		1

6.	PROPERTY, PLANT AND EQUIPMENT

		Total £
	Cost or valuation
	At 01 April 20	5,119
	Additions	1,699
	At 31 March 21	6,818
	Depreciation and impairment
	At 01 April 20	2,344
	Charge for year	1,465
	At 31 March 21	3,809
	Net book value
	At 31 March 21	3,009
	At 31 March 20	2,775

7.	DEBTORS
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

DEBTORS

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	2021 £	2020 £
Trade debtors / trade receivables	14,160	600
Other debtors	-	843
Prepayments and accrued income	62,000	20,815
Total	76,160	22,258

8.	CREDITORS WITHIN ONE YEAR
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	2021 £	2020 £
Trade creditors / trade payables	4,560	3,669
Bank borrowings and overdrafts	3,000	3,000
Taxation and social security	10,608	9,338
Other creditors	31,356	2,234
Total	49,524	18,241

9.	CREDITORS AFTER ONE YEAR

		2021 £		2020 £
	Bank borrowings and overdrafts	36,241		8,750
	Total	36,241		8,750