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REGISTERED NUMBER: 10603740 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

PHOTONIC LIMITED

PHOTONIC LIMITED (Registered number: 10603740)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHOTONIC LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Ms B Zhang





REGISTERED OFFICE: 35 Crowden Way
London
SE28 8HE





REGISTERED NUMBER: 10603740 (England and Wales)





ACCOUNTANTS: L&W Chartered Certified Accountants
1st Floor
30 Charing Cross Road
London
WC2H 0DE

PHOTONIC LIMITED (Registered number: 10603740)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 7,248 9,370

CURRENT ASSETS
Debtors 5 82,253 212,035
Cash at bank and in hand 19,662 153,575
101,915 365,610
CREDITORS
Amounts falling due within one year 6 178,319 469,715
NET CURRENT LIABILITIES (76,404 ) (104,105 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(69,156

)

(94,735

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (69,256 ) (94,835 )
SHAREHOLDERS' FUNDS (69,156 ) (94,735 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

PHOTONIC LIMITED (Registered number: 10603740)

Balance Sheet - continued
28 February 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 director and authorised for issue on 2 November 2023 and were signed by:





Ms B Zhang - Director


PHOTONIC LIMITED (Registered number: 10603740)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

PHOTONIC 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
Revenue 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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on 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.

PHOTONIC LIMITED (Registered number: 10603740)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 March 2022 15,332
Additions 1,348
At 28 February 2023 16,680
DEPRECIATION
At 1 March 2022 5,962
Charge for year 3,470
At 28 February 2023 9,432
NET BOOK VALUE
At 28 February 2023 7,248
At 28 February 2022 9,370

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors - 103,600
Other debtors 81,678 94,017
VAT 575 14,418
82,253 212,035

PHOTONIC LIMITED (Registered number: 10603740)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors - 99,771
Social security and other taxes - 1,000
Directors' current accounts 163,972 212,227
Accrued expenses 14,347 156,717
178,319 469,715

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary 1 100 100

8. RESERVES
Retained
earnings
£   

At 1 March 2022 (94,835 )
Profit for the year 25,579
At 28 February 2023 (69,256 )