Snappers Photography Ltd - Limited company - abbreviated - 11.6

Snappers Photography Ltd - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 06127773 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 28 February 2015

for

Snappers Photography Ltd

Snappers Photography Ltd (Registered number: 06127773)






Contents of the Abbreviated Accounts
for the Year Ended 28 February 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Snappers Photography Ltd

Company Information
for the Year Ended 28 February 2015







DIRECTORS: Mr M Humphries
Ms R Sibbons





SECRETARY: Ms R Sibbons





REGISTERED OFFICE: Unit C Anchor House
School Lane
Chandlers Ford
Eastleigh
SO53 4DY





REGISTERED NUMBER: 06127773 (England and Wales)





ACCOUNTANTS: Arlington Accountants Limited
Unit C Anchor House
School Lane
Chandlers ford
Eastleigh
Hampshire
SO53 4DY

Snappers Photography Ltd (Registered number: 06127773)

Abbreviated Balance Sheet
28 February 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 70,270 80,308
Tangible assets 3 42,687 34,506
Investments 4 (1,761 ) -
111,196 114,814

CURRENT ASSETS
Stocks 11,000 8,500
Debtors 6,487 2,615
Cash at bank 42,409 38,584
59,896 49,699
CREDITORS
Amounts falling due within one year 60,721 86,243
NET CURRENT LIABILITIES (825 ) (36,544 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,371

78,270

CREDITORS
Amounts falling due after more than one
year

149,629

140,281
NET LIABILITIES (39,258 ) (62,011 )

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account (39,358 ) (62,111 )
SHAREHOLDERS' FUNDS (39,258 ) (62,011 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Snappers Photography Ltd (Registered number: 06127773)

Abbreviated Balance Sheet - continued
28 February 2015


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 13 September 2015 and were signed on its behalf
by:





Mr M Humphries - Director


Snappers Photography Ltd (Registered number: 06127773)

Notes to the Abbreviated Accounts
for the Year Ended 28 February 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of fifteen years.

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
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2014
and 28 February 2015 131,457
AMORTISATION
At 1 March 2014 51,149
Amortisation for year 10,038
At 28 February 2015 61,187
NET BOOK VALUE

At 28 February 2015 70,270
At 28 February 2014 80,308

Snappers Photography Ltd (Registered number: 06127773)

Notes to the Abbreviated Accounts - continued
for the Year Ended 28 February 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2014 159,413
Additions 22,390
At 28 February 2015 181,803
DEPRECIATION
At 1 March 2014 124,907
Charge for year 14,209
At 28 February 2015 139,116
NET BOOK VALUE
At 28 February 2015 42,687
At 28 February 2014 34,506

4. FIXED ASSET INVESTMENTS
Loans
£   
Additions (1,761 )
At 28 February 2015 (1,761 )

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary Shares £1 100 100