Abbreviated Company Accounts - PHOTOFILE LIMITED

04764028 PHOTOFILE LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 04764028 2014-04-01 2015-03-31 04764028 2015-03-31 04764028 2014-03-31 04764028 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 04764028 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 04764028

PHOTOFILE LIMITED

Abbreviated Accounts

31 March 2015

PHOTOFILE LIMITED Registered Number 04764028

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	18,318	11,083
		18,318	11,083
Current assets
Debtors		1,282,286	743,607
Cash at bank and in hand		5,879	41,346
		1,288,165	784,953
Creditors: amounts falling due within one year	3	(1,040,956)	(632,917)
Net current assets (liabilities)		247,209	152,036
Total assets less current liabilities		265,527	163,119
Total net assets (liabilities)		265,527	163,119
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		265,427	163,019
Shareholders' funds		265,527	163,119

For the year ending 31 March 2015 the company was entitled to exemption 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.

Approved by the Board on 2 December 2015

And signed on their behalf by:
Mrs Jean Aldridge, Director

PHOTOFILE LIMITED Registered Number 04764028

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the amounts, excluding value added tax, receivable during the year for goods and services supplied

Tangible assets depreciation policy
Depreciation is calculated to write off the cost or valuation less estimated residual value of tangible assets over their estimated useful lives at the following rates:

Plant and Office equipment 20% of written down value

2Tangible fixed assets

	£
Cost
At 1 April 2014	23,741
Additions	12,455
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	36,196
Depreciation
At 1 April 2014	12,658
Charge for the year	5,220
On disposals	-
At 31 March 2015	17,878
Net book values
At 31 March 2015	18,318
At 31 March 2014	11,083

3Creditors

	2015 £	2014 £
Secured Debts	11,663	-

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100