Supaphoto Limited - Accounts

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Registered Number: 04737972

England and Wales

Abridged Accounts

for the year ended 31 March 2022

for

SUPAPHOTO LIMITED

Supaphoto Limited
Contents Page
For the year ended 31 March 2022

Statement of financial position	1
Notes to the financial statements	2

Registered Number: 04737972 Supaphoto Limited
Statement of Financial Position
As at 31 March 2022

	Notes	2022 £	2021 £
Fixed assets
Tangible fixed assets	3	5,843	7,790
		5,843	7,790
Current assets
Stocks		275	1,500
Debtors: amounts falling due within one year		1,815	768
Cash at bank and in hand		1,116	1,640
		3,206	3,908
Creditors: amount falling due within one year		(9,129)	(9,542)
Net current liabilities		(5,923)	(5,634)

Total assets less current liabilities		(80)	2,156
Provisions for liabilities		(523)	(523)
Net liabilities		(603)	1,633

Capital and reserves
Called up share capital	4	100	100
Profit and loss account		(703)	1,533
Shareholder's funds		(603)	1,633

For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

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 by the board of directors on 30 June 2023 and were signed on its behalf by:

-------------------------------
Gisela Epifanoff
Director

Supaphoto Limited
Notes to the Abridged Financial Statements
For the year ended 31 March 2022

General Information

Supaphoto Limited is a private company, limited by shares, registered in England and Wales, registration number 04737972, registration address Albion House, Albion Street, Lewes, East Sussex, BN7 2NF.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

25% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 4 (2021 : 4).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Total
	£	£
At 01 April 2021	37,478	37,478
Additions	-	-
Disposals	-	-
At 31 March 2022	37,478	37,478
Depreciation
At 01 April 2021	29,688	29,688
Charge for year	1,947	1,947
On disposals	-	-
At 31 March 2022	31,635	31,635
Net book values
Closing balance as at 31 March 2022	5,843	5,843
Opening balance as at 01 April 2021	7,790	7,790

Share Capital

Allotted, called up and fully paid	2022 £	2021 £
95 Class A shares of £1.00 each	95	95
5 Class B shares of £1.00 each	5	5
	100	100