01617499falsethat of retailing photographic and video equipment2021-04-012022-03-31http://www.companieshouse.gov.uk/2021-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2021-03-31http://www.companieshouse.gov.uk/cd:Director12021-04-012022-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-03-31http://www.companieshouse.gov.uk/cd:Director22021-04-012022-03-31http://www.companieshouse.gov.uk/pt:CapitalRedemptionReserve2021-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2021-03-31http://www.companieshouse.gov.uk/pt:CapitalRedemptionReserve2022-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12021-04-012022-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2021-04-012022-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2021-04-012022-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2021-03-31http://www.companieshouse.gov.uk/2021-04-012022-03-31http://www.companieshouse.gov.uk/2021-03-31http://www.companieshouse.gov.uk/cd:FRS1022021-04-012022-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2021-04-012022-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2021-04-012022-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 01617499

Great Western Cameras Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2022

Prepared By:
L A Morgan
Top Floor
42 High Street
Portishead
Bristol
BS20 6EL

Great Western Cameras Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2022
DIRECTORS
N J Moorcroft
H Moorcroft
SECRETARY
H Moorcroft
REGISTERED OFFICE
4-5 Market Street
Swindon
Swindon
Wiltshire
SN1 1RL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01617499
ACCOUNTANTS
L A Morgan
Top Floor
42 High Street
Portishead
Bristol
BS20 6EL

Great Western Cameras Limited

ACCOUNTS
FOR THEYEARENDED31/03/2022
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Great Western Cameras Limited

BALANCE SHEET AT 31/03/2022
20222021
Notes££
FIXED ASSETS
Tangible assets26,2076,957
CURRENT ASSETS
Stock376,353247,550
Debtors433,12526,951
Cash at bank and in hand57,297157,630
466,775432,131
CREDITORS: Amounts falling due within one year5295,458280,247
NET CURRENT ASSETS171,317151,884
TOTAL ASSETS LESS CURRENT LIABILITIES177,524158,841
CREDITORS: Amounts falling due after more than one year636,46845,833
NET ASSETS141,056113,008
CAPITAL AND RESERVES
Called up share capital810,00010,000
Capital redemption reserve917,00017,000
Profit and loss account114,05686,008
SHAREHOLDERS' FUNDS141,056113,008
For the year ending 31/03/2022 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 02/09/2022 and signed on their behalf by
.............................
N J Moorcroft
Director

Great Western Cameras Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentstraight line 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Basis Of Accounting FRS 1021 a
The accounts for the year ended 31 March 2017 were the first accounts that comply with FRS102 Section 1A small entities
1f. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

Great Western Cameras Limited

2. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/04/2021147,276147,276
Additions1,7441,744
At 31/03/2022149,020149,020
Depreciation
At 01/04/2021140,319140,319
For the year2,4942,494
At 31/03/2022142,813142,813
Net Book Amounts
At 31/03/20226,2076,207
At 31/03/20216,9576,957
3. STOCK 20222021
££
Stock comprises:
Stock376,353247,550
376,353247,550
4. DEBTORS 20222021
££
Amounts falling due within one year
Trade debtors9,09120,884
VAT2,829-
Prepayments21,2056,067
33,12526,951

Great Western Cameras Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
UK corporation tax19,4367,638
VAT-10,687
PAYE control1,6241,256
Directors current account181,19397,193
Bank Loan9,5284,167
Trade creditors80,177157,119
Accruals3,5002,187
295,458280,247
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20222021
££
Bank loans (unsecured) >1yr36,46845,833
36,46845,833
7. EMPLOYEES
20222021
No.No.
Average number of employees66
The average number of employees, including directors, during the year and the previous year was 6 .
8. SHARE CAPITAL 20222021
££
Allotted, issued and fully paid:
10000 Ordinary shares of £1 each1000010000
10,00010,000

Great Western Cameras Limited

9. OTHER RESERVES 20222021
££
Capital redemption reserve17,00017,000
17,00017,000
10. RELATED PARTY TRANSACTIONS
During the year dividends of £27,000 were paid to N J Moorcroft and £27,000 to H Moorcroft. The directors increased their loan to the company by £84,000 to leave £181,193 owing to the directors. It is interest free and has no fixed repayment terms.