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REGISTERED NUMBER: 01543471 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Photographic Hire (David French) Limited

Photographic Hire (David French) Limited (Registered number: 01543471)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Photographic Hire (David French) Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: D A French
Mrs H E French





SECRETARY: Mrs H E French





REGISTERED OFFICE: 1st Floor Cromwell House
14 Fulwood Place
London
WC1V 6HZ





REGISTERED NUMBER: 01543471 (England and Wales)





ACCOUNTANTS: Gorrie Whitson Limited
1st Floor, Cromwell House
14 Fulwood Place
London
WC1V 6HZ

Photographic Hire (David French) Limited (Registered number: 01543471)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 270,688 192,004
Investments 5 100 100
270,788 192,104

CURRENT ASSETS
Debtors 6 47,361 97,405
Cash at bank and in hand 471,325 479,977
518,686 577,382
CREDITORS
Amounts falling due within one year 7 90,661 151,225
NET CURRENT ASSETS 428,025 426,157
TOTAL ASSETS LESS CURRENT
LIABILITIES

698,813

618,261

PROVISIONS FOR LIABILITIES 50,598 35,239
NET ASSETS 648,215 583,022

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 50 50
Retained earnings 648,065 582,872
SHAREHOLDERS' FUNDS 648,215 583,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Photographic Hire (David French) Limited (Registered number: 01543471)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2023 and were signed on its behalf by:





D A French - Director


Photographic Hire (David French) Limited (Registered number: 01543471)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Photographic Hire (David French) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 10% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

Photographic Hire (David French) Limited (Registered number: 01543471)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 13,658 31,601 72,205
Additions - - 9,986
Disposals - (15,074 ) -
At 31 March 2023 13,658 16,527 82,191
DEPRECIATION
At 1 April 2022 8,788 27,028 38,339
Charge for year 487 307 6,577
Eliminated on disposal - (12,551 ) -
At 31 March 2023 9,275 14,784 44,916
NET BOOK VALUE
At 31 March 2023 4,383 1,743 37,275
At 31 March 2022 4,870 4,573 33,866

Motor Hire
vehicles stock Totals
£    £    £   
COST
At 1 April 2022 - 781,099 898,563
Additions 33,521 85,180 128,687
Disposals - - (15,074 )
At 31 March 2023 33,521 866,279 1,012,176
DEPRECIATION
At 1 April 2022 - 632,404 706,559
Charge for year 5,028 35,081 47,480
Eliminated on disposal - - (12,551 )
At 31 March 2023 5,028 667,485 741,488
NET BOOK VALUE
At 31 March 2023 28,493 198,794 270,688
At 31 March 2022 - 148,695 192,004

Photographic Hire (David French) Limited (Registered number: 01543471)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 100
NET BOOK VALUE
At 31 March 2023 100
At 31 March 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 10,267 72,482
Other debtors 37,094 24,923
47,361 97,405

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 7,266 -
Taxation and social security 3,985 102,870
Other creditors 79,410 48,355
90,661 151,225

8. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling parties is Mr D A French and Mrs H E French.