Mark Cleghorn Photography Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 02915619 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017

FOR

MARK CLEGHORN PHOTOGRAPHY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr M P S Cleghorn

SECRETARY:

Mrs D Cleghorn

REGISTERED OFFICE:

7-8 Raleigh Walk

Brigantine Place

Cardiff

CF10 4LN

REGISTERED NUMBER:

02915619 (England and Wales)

ACCOUNTANT:

Linghams Chartered Accountants

7-8 Raleigh Walk

Waterfront 2000

Brigantine Place

Cardiff

South Glamorgan

CF10 4LN

FIXED ASSETS

Tangible assets

4

116,044

117,359

CURRENT ASSETS

Stocks

5

1,288

1,250

Debtors

6

39,423

42,378

40,711

43,628

CREDITORS

Amounts falling due within one year

7

84,025

89,215

NET CURRENT LIABILITIES

(43,314

)

(45,587

)

TOTAL ASSETS LESS CURRENT LIABILITIES

72,730

71,772

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

72,630

71,672

SHAREHOLDERS' FUNDS

72,730

71,772

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director on 29 January 2018 and were signed by:

Mr M P S Cleghorn - Director

1.	STATUTORY INFORMATION

Mark Cleghorn Photography Limited 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 May 2016

84,384

150,101

17,235

251,720

Additions

-

4,542

-

4,542

At 30 April 2017

84,384

154,643

17,235

256,262

DEPRECIATION

At 1 May 2016

-

119,426

14,935

134,361

Charge for year

-

5,282

575

5,857

At 30 April 2017

-

124,708

15,510

140,218

NET BOOK VALUE

At 30 April 2017

84,384

29,935

1,725

116,044

At 30 April 2016

84,384

30,675

2,300

117,359

5.

STOCKS

30.4.17

30.4.16

£

£

Stocks

1,288

1,250

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

8,774

-

Other debtors

4,141

4,219

Phototraining4U Limited

15,987

17,139

Prepayments

10,521

21,020

39,423

42,378

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Bank loans and overdrafts

3,306

6,327

Trade creditors

21,241

25,767

Tax

15,608

11,909

Social security and other taxes

159

-

VAT

11,041

5,422

Other creditors

251

-

Directors' loan accounts

30,519

37,890

Accrued expenses

1,900

1,900

84,025

89,215

8.	RELATED PARTY DISCLOSURES