Chris Turvey Photography Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04185775 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Chris Turvey Photography Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr C Turvey

Mrs V Turvey

SECRETARY:

Mrs V Turvey

REGISTERED OFFICE:

Kings Lodge

London Road

West Kingsdown

Sevenoaks

Kent

TN15 6AR

REGISTERED NUMBER:

04185775 (England and Wales)

ACCOUNTANTS:

A4G LLP

Kings Lodge

London Road

West Kingsdown

Sevenoaks

Kent

TN15 6AR

FIXED ASSETS

Intangible assets

4

2,600

3,250

Tangible assets

5

6,551

2,942

Investments

6

298,673

298,674

307,824

304,866

CURRENT ASSETS

Debtors

982

8,093

Cash at bank

9,448

5

10,430

8,098

CREDITORS

Amounts falling due within one year

78,668

70,590

NET CURRENT LIABILITIES

(68,238

)

(62,492

)

TOTAL ASSETS LESS CURRENT LIABILITIES

239,586

242,374

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

239,486

242,274

SHAREHOLDERS' FUNDS

239,586

242,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 November 2017 and were signed on its behalf by:

Mr C Turvey - Director

1.	STATUTORY INFORMATION

Chris Turvey Photography Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition

Sales comprise the fair value of the consideration received or receivable for the sale of goods and rendering of

services in the ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates

and discounts. The company recognises revenue when the amount of revenue can be reliably measured, it is

probable that future economic benefits will flow to the entity and when specific criteria have been met for each of

the company's activities as follows:

Revenue from the sale of services is recognised at the point at which those services have been provided to the

customer. Where payments are received from customers in advance of services provided, the amounts are

recorded as deferred income and included as part of creditors due within one year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

13,000

AMORTISATION

At 1 April 2016

9,750

Amortisation for year

650

At 31 March 2017

10,400

NET BOOK VALUE

At 31 March 2017

2,600

At 31 March 2016

3,250

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

78,235

Additions

9,656

At 31 March 2017

87,891

DEPRECIATION

At 1 April 2016

75,293

Charge for year

6,047

At 31 March 2017

81,340

NET BOOK VALUE

At 31 March 2017

6,551

At 31 March 2016

2,942

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Totals

£

COST

At 1 April 2016

and 31 March 2017

2,663

DEPRECIATION

At 1 April 2016

and 31 March 2017

1,774

NET BOOK VALUE

At 31 March 2017

889

At 31 March 2016

889

6.	FIXED ASSET INVESTMENTS

The amount included as a fixed asset investment represents the company's capital account outstanding as at the

balance sheet date in Scotgrove LLP.

7.	RELATED PARTY DISCLOSURES

During the year under review, the company has been a corporate partner in Scotgrove LLP. As at the balance

sheet date, the unlisted fixed asset investment of £298,674 (2016: £298,674) is made up of the capital account

balance that the company has in the LLP. The directors of the company are also designated members of the LLP.