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REGISTERED NUMBER: 06120799 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2021

for

PHOTOGRAPHIC INTERIORS LIMITED

PHOTOGRAPHIC INTERIORS LIMITED (REGISTERED NUMBER: 06120799)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHOTOGRAPHIC INTERIORS LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: V Harding
M Summerfield





SECRETARY: M Summerfield





REGISTERED OFFICE: Unit 4i
Blenheim Park Road
Nottingham
NG6 8YP





REGISTERED NUMBER: 06120799 (England and Wales)





ACCOUNTANTS: LSR Management Limited
Unit C2A Comet Studios
De Havilland Court
Penn Street
Amersham
Buckinghamshire
HP7 0PX

PHOTOGRAPHIC INTERIORS LIMITED (REGISTERED NUMBER: 06120799)

Balance Sheet
31 DECEMBER 2021

31/12/21 31/12/20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 363,224 365,897

CURRENT ASSETS
Debtors 5 9,012 8,995
Cash at bank 5,167 5,992
14,179 14,987
CREDITORS
Amounts falling due within one year 6 162,667 151,788
NET CURRENT LIABILITIES (148,488 ) (136,801 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,736

229,096

CREDITORS
Amounts falling due after more than
one year

7

202,351

217,430
NET ASSETS 12,385 11,666

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 12,283 11,564
SHAREHOLDERS' FUNDS 12,385 11,666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

PHOTOGRAPHIC INTERIORS LIMITED (REGISTERED NUMBER: 06120799)

Balance Sheet - continued
31 DECEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 25 August 2022 and were signed on its behalf by:





V Harding - Director


PHOTOGRAPHIC INTERIORS LIMITED (REGISTERED NUMBER: 06120799)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Photographic Interiors 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
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 ("FRS 102"), the financial reporting standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.

The Directors have assessed the company's ability to continue in operational existence for the foreseeable future in accordance with the FRC (going concern and liquidity risk guidance (October 2009). Therefore it is considered appropriate to prepare the financial statements on a going concern basis.

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

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.

Going concern
The directors review the on going working capital of the company to ensure that there are sufficient resources to meet its financial liabilities to continue trading in the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 1 ).

PHOTOGRAPHIC INTERIORS LIMITED (REGISTERED NUMBER: 06120799)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 January 2021
and 31 December 2021 400,863
DEPRECIATION
At 1 January 2021 34,966
Charge for year 2,673
At 31 December 2021 37,639
NET BOOK VALUE
At 31 December 2021 363,224
At 31 December 2020 365,897

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/21 31/12/20
£    £   
Trade debtors 8,640 8,640
Prepayments 372 355
9,012 8,995

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/21 31/12/20
£    £   
Bank loans and overdrafts 13,127 13,127
Amounts owed to group undertakings 146,732 133,181
Tax 796 663
VAT 462 3,267
Accrued expenses 1,550 1,550
162,667 151,788

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/12/21 31/12/20
£    £   
Bank loans - 2-5 years 60,200 60,200
Bank loans more 5 yr by instal 142,151 157,230
202,351 217,430

PHOTOGRAPHIC INTERIORS LIMITED (REGISTERED NUMBER: 06120799)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31/12/21 31/12/20
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 142,151 157,230

8. CONTINGENT LIABILITIES

The Company has no contingent liabilities in respect of legal claims arising from the ordinary course of business.

9. POST BALANCE SHEET EVENTS

There were no events after the reporting period.