Abbreviated Company Accounts - I AM PHOTOGRAPHY LIMITED

Abbreviated Company Accounts - I AM PHOTOGRAPHY LIMITED


Registered Number 06803531

I AM PHOTOGRAPHY LIMITED

Abbreviated Accounts

31 January 2014

I AM PHOTOGRAPHY LIMITED Registered Number 06803531

Abbreviated Balance Sheet as at 31 January 2014

Notes 2014 2013
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 5,245 5,117
Investments - -
5,245 5,117
Current assets
Stocks 3,100 4,250
Debtors - 6,000
Cash at bank and in hand 32,175 27,023
35,275 37,273
Creditors: amounts falling due within one year (25,773) (33,137)
Net current assets (liabilities) 9,502 4,136
Total assets less current liabilities 14,747 9,253
Total net assets (liabilities) 14,747 9,253
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 14,647 9,153
Shareholders' funds 14,747 9,253
  • For the year ending 31 January 2014 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 24 October 2014

And signed on their behalf by:
Ian Moore, Director
Jack Nunn, Director

I AM PHOTOGRAPHY LIMITED Registered Number 06803531

Notes to the Abbreviated Accounts for the period ended 31 January 2014

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 is net of VAT.

Tangible assets depreciation policy
Fixture, fittings and equipment - 15%to 25% straight line depreciation
Office alterations - 25% straight line depreciation

2Tangible fixed assets
£
Cost
At 1 February 2013 42,423
Additions 7,435
Disposals (3,990)
Revaluations -
Transfers -
At 31 January 2014 45,868
Depreciation
At 1 February 2013 37,306
Charge for the year 7,307
On disposals (3,990)
At 31 January 2014 40,623
Net book values
At 31 January 2014 5,245
At 31 January 2013 5,117
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
100 Ordinary shares of £1 each 100 100