Registered number
SC572512
Soraya Photography Ltd
Filleted Abridged Accounts
30 November 2021
Soraya Photography Ltd
Registered number: SC572512
Abridged Balance Sheet
as at 30 November 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 9,402 9,402
Current assets
Debtors 12,334 8,456
Cash at bank and in hand 6,615 13,411
18,949 21,867
Creditors: amounts falling due within one year (3,234) (6,570)
Net current assets 15,715 15,297
Total assets less current liabilities 25,117 24,699
Creditors: amounts falling due after more than one year (22,315) (25,162)
Net assets/(liabilities) 2,802 (463)
Capital and reserves
Called up share capital 1 1
Profit and loss account 2,801 (464)
Shareholder's funds 2,802 (463)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
M Soraya
Director
Approved by the board on 24 August 2022
Soraya Photography Ltd
Notes to the Abridged Accounts
for the period from 1 August 2020 to 30 November 2021
1 Accounting policies
Basis of preparation
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 15% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Total
£
Cost
At 1 August 2020 16,477
At 30 November 2021 16,477
Depreciation
At 1 August 2020 7,075
At 30 November 2021 7,075
Net book value
At 30 November 2021 9,402
At 31 July 2020 9,402
4 Other information
Soraya Photography Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is: Craigwell, Drumnadrochit, Inverness, Inverness-Shire, Scotland, IV63 6UW.
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