Photography by Dave Thompson Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 09454272 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2023

for

Photography by Dave Thompson Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr. D H Thompson

REGISTERED OFFICE:

195 Bramhall Lane

Davenport

Stockport

Cheshire

SK2 6JA

REGISTERED NUMBER:

09454272 (England and Wales)

ACCOUNTANTS:

Chadwicks

Capital House

272 Manchester Road

Droylsden

Greater Manchester

M43 6PW

FIXED ASSETS

Tangible assets

4

7,976

10,857

CURRENT ASSETS

Debtors

5

4,570

16,671

Cash at bank

2,493

4,371

7,063

21,042

CREDITORS

Amounts falling due within one year

6

6,256

17,148

NET CURRENT ASSETS

807

3,894

TOTAL ASSETS LESS CURRENT LIABILITIES

8,783

14,751

PROVISIONS FOR LIABILITIES

7

1,515

2,063

NET ASSETS

7,268

12,688

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

7,266

12,686

7,268

12,688

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 May 2023 and were signed by:

Mr. D H Thompson - Director

1.	STATUTORY INFORMATION

Photography by Dave Thompson Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures, fittings & equipment - 20% to 25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2022

32,384

Additions

3,119

Disposals

(3,125

)

At 28 February 2023

32,378

DEPRECIATION

At 1 March 2022

21,527

Charge for year

4,795

Eliminated on disposal

(1,920

)

At 28 February 2023

24,402

NET BOOK VALUE

At 28 February 2023

7,976

At 28 February 2022

10,857

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.23

28.2.22

£

£

Trade debtors

4,412

16,513

Other debtors

158

158

4,570

16,671

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.23

28.2.22

£

£

Taxation and social security

2,834

6,771

Other creditors

3,422

10,377

6,256

17,148

7.	PROVISIONS FOR LIABILITIES

28.2.23

28.2.22

£

£

Deferred tax

1,515

2,063

Deferred

tax

£

Balance at 1 March 2022

2,063

Credit to Statement of Income and Retained Earnings during year

(548

)

Balance at 28 February 2023

1,515