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Company Registration No. 07958724 (England and Wales)
Mark Ingram Photography Ltd Unaudited accounts for the year ended 28 February 2022
Mark Ingram Photography Ltd Unaudited accounts Contents
Page
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Mark Ingram Photography Ltd Company Information for the year ended 28 February 2022
Directors
M Ingram J Wilkinson
Company Number
07958724 (England and Wales)
Registered Office
Paleys Cottage, Main Street Langcliffe Settle North Yorkshire BD24 9NF
Accountants
Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton North Yorkshire BD23 3SE
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Mark Ingram Photography Ltd Statement of financial position as at 28 February 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,068 
31,591 
Current assets
Debtors
8,076 
12,855 
Cash at bank and in hand
14,132 
21,212 
22,208 
34,067 
Creditors: amounts falling due within one year
(9,974)
(25,132)
Net current assets
12,234 
8,935 
Total assets less current liabilities
37,302 
40,526 
Creditors: amounts falling due after more than one year
(37,007)
(40,326)
Net assets
295 
200 
Capital and reserves
Called up share capital
102 
102 
Profit and loss account
193 
98 
Shareholders' funds
295 
200 
For the year ending 28 February 2022 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2022 and were signed on its behalf by
M Ingram Director Company Registration No. 07958724
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Mark Ingram Photography Ltd Notes to the Accounts for the year ended 28 February 2022
1
Statutory information
Mark Ingram Photography Ltd is a private company, limited by shares, registered in England and Wales, registration number 07958724. The registered office is Paleys Cottage, Main Street, Langcliffe, Settle, North Yorkshire, BD24 9NF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
15% reducing balance
Plant & machinery
25% on cost
Motor vehicles
33.33% on cost
Computer equipment
25% on cost
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Mark Ingram Photography Ltd Notes to the Accounts for the year ended 28 February 2022
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2021
5,322 
35,185 
46,976 
5,109 
92,592 
Additions
- 
1,814 
- 
- 
1,814 
At 28 February 2022
5,322 
36,999 
46,976 
5,109 
94,406 
Depreciation
At 1 March 2021
469 
27,716 
28,640 
4,176 
61,001 
Charge for the year
728 
2,462 
4,584 
563 
8,337 
At 28 February 2022
1,197 
30,178 
33,224 
4,739 
69,338 
Net book value
At 28 February 2022
4,125 
6,821 
13,752 
370 
25,068 
At 28 February 2021
4,853 
7,469 
18,336 
933 
31,591 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
8,076 
12,855 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
5,000 
5,000 
Obligations under finance leases and hire purchase contracts
- 
4,696 
Taxes and social security
15,511 
20,579 
Other creditors
2,110 
1,693 
Loans from directors
(12,647)
(6,836)
9,974 
25,132 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
37,007 
40,000 
Obligations under finance leases and hire purchase contracts
- 
326 
37,007 
40,326 
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).
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