Company Registration No. SC632837 (Scotland)
Gulabi Photo Ltd
Unaudited accounts
for the year ended 30 June 2022
Gulabi Photo Ltd
Unaudited accounts
Contents
Gulabi Photo Ltd
Company Information
for the year ended 30 June 2022
Directors
Benjamin Cowie
Christopher Moses
Company Number
SC632837 (Scotland)
Registered Office
77 TORRISDALE STREET
GLASGOW
G42 8PW
SCOTLAND
Gulabi Photo Ltd
Statement of financial position
as at 30 June 2022
Tangible assets
33,031
21,982
Cash at bank and in hand
20,039
20,673
Creditors: amounts falling due within one year
(26,757)
(20,032)
Net current (liabilities)/assets
(1,848)
641
Called up share capital
2
2
Profit and loss account
31,181
22,621
Shareholders' funds
31,183
22,623
For the year ending 30 June 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 14 September 2022 and were signed on its behalf by
Benjamin Cowie
Director
Company Registration No. SC632837
Gulabi Photo Ltd
Notes to the Accounts
for the year ended 30 June 2022
Gulabi Photo Ltd is a private company, limited by shares, registered in Scotland, registration number SC632837. The registered office is 77 TORRISDALE STREET, GLASGOW, G42 8PW, SCOTLAND.
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.
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:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2021
27,017
-
2,855
29,872
Additions
13,761
1,103
4,444
19,308
At 30 June 2022
40,778
1,103
7,299
49,180
At 1 July 2021
7,319
-
571
7,890
Charge for the year
6,692
221
1,346
8,259
At 30 June 2022
14,011
221
1,917
16,149
At 30 June 2022
26,767
882
5,382
33,031
At 30 June 2021
19,698
-
2,284
21,982
Gulabi Photo Ltd
Notes to the Accounts
for the year ended 30 June 2022
5
Debtors: amounts falling due within one year
2022
2021
Accrued income and prepayments
870
-
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
1,185
2,203
Taxes and social security
1,331
4,222
Loans from directors
15,374
11,374
7
Average number of employees
During the year the average number of employees was 3 (2021: 3).