1 July 2021 false No description of principal activity Taxfiler 2022.8.3 SC632837business:PrivateLimitedCompanyLtd2021-07-012022-06-30 SC6328372021-06-30 SC6328372021-07-012022-06-30 SC632837business:AuditExemptWithAccountantsReport2021-07-012022-06-30 SC632837business:FullAccounts2021-07-012022-06-30 SC6328372022-06-30 SC632837business:Director12021-07-012022-06-30 SC632837business:Director22021-07-012022-06-30 SC632837business:RegisteredOffice2021-07-012022-06-30 SC6328372021-06-30 SC632837core:WithinOneYear2022-06-30 SC632837core:WithinOneYear2021-06-30 SC632837core:ShareCapital2022-06-30 SC632837core:ShareCapital2021-06-30 SC632837core:RetainedEarningsAccumulatedLosses2022-06-30 SC632837core:RetainedEarningsAccumulatedLosses2021-06-30 SC632837business:SmallEntities2021-07-012022-06-30 SC632837countries:Scotland2021-07-012022-06-30 SC632837core:PlantMachinery2021-07-012022-06-30 SC632837core:FurnitureFittings2021-07-012022-06-30 SC632837core:ComputerEquipment2021-07-012022-06-30 SC632837core:PlantMachinery2021-06-30 SC632837core:FurnitureFittings2021-06-30 SC632837core:ComputerEquipment2021-06-30 SC632837core:PlantMachinery2022-06-30 SC632837core:FurnitureFittings2022-06-30 SC632837core:ComputerEquipment2022-06-30 SC6328372020-07-012021-06-30 iso4217:GBP xbrli:pure
Company Registration No. SC632837 (Scotland)
Gulabi Photo Ltd Unaudited accounts for the year ended 30 June 2022
Gulabi Photo Ltd Unaudited accounts Contents
Page
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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
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Gulabi Photo Ltd Statement of financial position as at 30 June 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
33,031 
21,982 
Current assets
Debtors
4,870 
- 
Cash at bank and in hand
20,039 
20,673 
24,909 
20,673 
Creditors: amounts falling due within one year
(26,757)
(20,032)
Net current (liabilities)/assets
(1,848)
641 
Net assets
31,183 
22,623 
Capital and reserves
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
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Gulabi Photo Ltd Notes to the Accounts for the year ended 30 June 2022
1
Statutory information
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.
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.
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 
Depreciation
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 
Net book value
At 30 June 2022
26,767 
882 
5,382 
33,031 
At 30 June 2021
19,698 
- 
2,284 
21,982 
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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 
- 
Other debtors
4,000 
- 
4,870 
- 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
8,067 
2,158 
Trade creditors
1,185 
2,203 
Taxes and social security
1,331 
4,222 
Loans from directors
15,374 
11,374 
Accruals
800 
75 
26,757 
20,032 
7
Average number of employees
During the year the average number of employees was 3 (2021: 3).
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