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
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
Mark Ingram Photography Ltd
Statement of financial position
as at 28 February 2022
Tangible assets
25,068
31,591
Cash at bank and in hand
14,132
21,212
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)
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
Mark Ingram Photography Ltd
Notes to the Accounts
for the year ended 28 February 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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.
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
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
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)
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
-
326
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).