PHOTO SHMOTO LIMITED - Accounts 2013


Registered number: 06459969






Photo Shmoto Limited


ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31/12/2013
























Prepared By:
Professional Renaissance Limited
Certified Public Accountants
First Floor
69 High Street
Rayleigh
Essex
SS6 7EJ


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31/12/2013

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		4



The company's registered number is 06459969


Registered Number: 06459969

BALANCE SHEET AT 31/12/2013

			2013		2012
	Notes		£		£

FIXED ASSETS
Intangible assets	2		8,000		10,000
Tangible assets	3		3,595		3,385

CURRENT ASSETS
Debtors (amounts falling due within one year)	4	4,372		2,641
Cash at bank and in hand		38,194		50,143
		42,566		52,784
CREDITORS: Amounts falling due within one year		52,327		65,103
NET CURRENT LIABILITIES			(9,761)		(12,319)
TOTAL ASSETS LESS CURRENT LIABILITIES			1,834		1,066

CAPITAL AND RESERVES

Called up share capital	5		50		50
Profit and loss account			1,784		1,016
SHAREHOLDERS' FUNDS			1,834		1,066


Registered Number: 06459969

For the year ending 31/12/2013 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 13/09/2013 and signed on their behalf by




Victoria Jane Couchman
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 25%
Equipment		straight line 33%




1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




1f. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




4. DEBTORS	2013	2012
	£	£

Amounts falling due within one year:
Trade debtors	4,372	2,641
	4,372	2,641




5. SHARE CAPITAL	2013	2012
	£	£
Allotted, issued and fully paid:
50 Ordinary shares of £1 each	50	50
	50	50