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REGISTERED NUMBER: 11763764 (England and Wales)















Financial Statements for the Year Ended 31 January 2023

for

PICTURE THIS LIMITED

PICTURE THIS LIMITED (REGISTERED NUMBER: 11763764)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PICTURE THIS LIMITED

Company Information
for the Year Ended 31 January 2023







DIRECTOR: Mr R S Wilson





REGISTERED OFFICE: 1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8E





REGISTERED NUMBER: 11763764 (England and Wales)





ACCOUNTANTS: THB LLP
1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB

PICTURE THIS LIMITED (REGISTERED NUMBER: 11763764)

Balance Sheet
31 January 2023

31/1/23 31/1/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 174 232

CURRENT ASSETS
Debtors 5 81,604 70,889
Cash at bank 25,744 27,275
107,348 98,164
CREDITORS
Amounts falling due within one year 6 26,529 39,352
NET CURRENT ASSETS 80,819 58,812
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,993

59,044

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 80,991 59,042
SHAREHOLDERS' FUNDS 80,993 59,044

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

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

The director acknowledges his 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.

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 director and authorised for issue on 7 October 2023 and were signed by:





Mr R S Wilson - Director


PICTURE THIS LIMITED (REGISTERED NUMBER: 11763764)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Picture This 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.

Computer equipment - 25% Reducing balance method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 549
DEPRECIATION
At 1 February 2022 317
Charge for year 58
At 31 January 2023 375
NET BOOK VALUE
At 31 January 2023 174
At 31 January 2022 232

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Trade debtors - 5,150
Directors' current accounts 81,604 65,739
81,604 70,889

PICTURE THIS LIMITED (REGISTERED NUMBER: 11763764)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Tax 24,045 37,617
Accrued expenses 2,484 1,735
26,529 39,352

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/23 31/1/22
value: £    £   
2 Ordinary £1 2 2

8. RESERVES
Retained
earnings
£   

At 1 February 2022 59,042
Profit for the year 102,449
Dividends (80,500 )
At 31 January 2023 80,991

9. RELATED PARTY DISCLOSURES

At the end of the year the director owed an amount of £81,604 (2022 : £65,739) to the company.

10. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by Mr R S Wilson the director of the company