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REGISTERED NUMBER: 05720734 (England and Wales)










Financial Statements

for the Year Ended 31 March 2023

for

PICTURE & IMAGING CONSULTANTS LIMITED

PICTURE & IMAGING CONSULTANTS LIMITED (REGISTERED NUMBER: 05720734)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PICTURE & IMAGING CONSULTANTS LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTOR: K Hall





SECRETARY: Ms J Teale





REGISTERED OFFICE: 4th Floor
166 College Road
Harrow on the Hill
Middlesex
HA1 1BH





REGISTERED NUMBER: 05720734 (England and Wales)






PICTURE & IMAGING CONSULTANTS LIMITED (REGISTERED NUMBER: 05720734)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 91,086 103,245

CURRENT ASSETS
Debtors 5 135,696 305,874
Cash at bank 291,594 490,244
427,290 796,118
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

(183,403

)

(276,437

)
NET CURRENT ASSETS 243,887 519,681
TOTAL ASSETS LESS CURRENT
LIABILITIES

334,973

622,926

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

7

(119,020

)

(142,076

)
NET ASSETS 215,953 480,850

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 215,853 480,750
SHAREHOLDERS' FUNDS 215,953 480,850

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 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 31 October 2023 and were signed by:




K Hall - Director


PICTURE & IMAGING CONSULTANTS LIMITED (REGISTERED NUMBER: 05720734)

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


1. STATUTORY INFORMATION

Picture & Imaging Consultants 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 - 20% 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.

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 14 (2022 - 13 ) .

PICTURE & IMAGING CONSULTANTS LIMITED (REGISTERED NUMBER: 05720734)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 210,826
Additions 18,988
At 31 March 2023 229,814
DEPRECIATION
At 1 April 2022 107,581
Charge for year 31,147
At 31 March 2023 138,728
NET BOOK VALUE
At 31 March 2023 91,086
At 31 March 2022 103,245

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 135,696 289,624
Other debtors - 16,250
135,696 305,874

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,268 30,268
Trade creditors 40,983 53,903
Taxation and social security 107,152 187,266
Other creditors 5,000 5,000
183,403 276,437

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 119,020 142,076