TUDOR_PHOTOGRAPHY_LIMITED - Accounts

TUDOR PHOTOGRAPHY LIMITED - Company Information

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Company Registration No. 04764521 (England and Wales)

TUDOR PHOTOGRAPHY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2016

TUDOR PHOTOGRAPHY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

TUDOR PHOTOGRAPHY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2014

Notes

Fixed assets

Tangible assets

690

977

Current assets

Stocks

900

Debtors

13,455

17,268

Cash at bank and in hand

259

411

14,614

18,579

Creditors: amounts falling due within one year

(11,537)

(13,521)

Net current assets

3,077

5,058

Total assets less current liabilities

3,767

6,035

Creditors: amounts falling due after more than one year

(1,212)

(4,477)

2,555

1,558

Capital and reserves

Called up share capital

100

Profit and loss account

2,455

1,458

Shareholder's funds

2,555

1,558

For the financial period ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 17 November 2016

Mr H T Rhodes

Director

Company Registration No. 04764521

TUDOR PHOTOGRAPHY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Income is recognised as services are supplied and the right to consideration arises.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% Reducing Balance

Fixtures, fittings & equipment

15% Reducing Balance

Fixed assets

Tangible assets

Cost

At 1 January 2015 & at 31 March 2016

21,839

Depreciation

At 1 January 2015

20,862

Charge for the period

287

At 31 March 2016

21,149

Net book value

At 31 March 2016

690

At 31 December 2014

977

Share capital

2016

2014

Allotted, called up and fully paid

100 Ordinary of £1 each

100

TUDOR PHOTOGRAPHY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2016

- 3 -

Related party relationships and transactions

Loan to director

Transactions in relation to a loan with the director during the period are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr H T Rhodes - loan

10,102

1,431

8,671

10,102

1,431

8,671

The maximum owing to the company by Harry Rhodes at anytime during the year was £10,102 (2014 - £10,632).