Company Registration No. 06353258 (England and Wales)
SHOTOPOP LIMITED
Unaudited accounts
for the year ended 31 August 2023
SHOTOPOP LIMITED
Unaudited accounts
Contents
SHOTOPOP LIMITED
Company Information
for the year ended 31 August 2023
Directors
Carin Standford
Casper Franken
Company Number
06353258 (England and Wales)
Registered Office
Denmark House
143 High Street
Chalfont St Peter
Bucks
SL9 9QL
United Kingdom
Accountants
Lane Accounting Limited
Denmark House
143 High Street
Chalfont St Peter
Buckinghamshire
SL9 9QL
SHOTOPOP LIMITED
Statement of financial position
as at 31 August 2023
Tangible assets
460,861
451,927
Cash at bank and in hand
1,427,320
1,155,821
Creditors: amounts falling due within one year
(143,554)
(151,612)
Net current assets
1,777,421
1,602,859
Total assets less current liabilities
2,238,282
2,054,786
Creditors: amounts falling due after more than one year
(316,697)
(316,697)
Net assets
1,921,585
1,738,089
Called up share capital
2
2
Profit and loss account
1,921,583
1,738,087
Shareholders' funds
1,921,585
1,738,089
For the year ending 31 August 2023 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 26 September 2023 and were signed on its behalf by
Casper Franken
Director
Company Registration No. 06353258
SHOTOPOP LIMITED
Notes to the Accounts
for the year ended 31 August 2023
SHOTOPOP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06353258. The registered office is Denmark House, 143 High Street, Chalfont St Peter, Bucks, SL9 9QL, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
20% per annum reducing balance
Computer equipment
33% per annum of cost
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
SHOTOPOP LIMITED
Notes to the Accounts
for the year ended 31 August 2023
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2022
438,200
29,410
23,767
491,377
Additions
-
4,045
13,998
18,043
Disposals
-
-
(11,884)
(11,884)
At 31 August 2023
438,200
33,455
25,881
497,536
At 1 September 2022
-
15,684
23,766
39,450
Charge for the year
-
4,443
4,666
9,109
On disposals
-
-
(11,884)
(11,884)
At 31 August 2023
-
20,127
16,548
36,675
At 31 August 2023
438,200
13,328
9,333
460,861
At 31 August 2022
438,200
13,726
1
451,927
Amounts falling due within one year
Trade debtors
169,671
288,671
Accrued income and prepayments
5,522
4,249
Other debtors
318,288
305,730
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
7,653
24,837
Taxes and social security
96,334
79,833
Other creditors
1,967
1,445
Loans from directors
35,985
24,262
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
316,697
316,697
In January 2019 the company took out a £316,697 mortgage to purchase 170a Lower Clapton Road. This is an interest only mortgage secured against the value of the property. The loan matures in 2044.
SHOTOPOP LIMITED
Notes to the Accounts
for the year ended 31 August 2023
Allotted, called up and fully paid:
1 A Ordinary shares of £1 each
1
1
1 B Ordinary shares of £1 each
1
1
At 31 August 2023, the directors were owed £35,983 (2022 - £24,262) by the company. This is an interest bearing loan repayable on demand. During the year the directors charged £1,213 interest to the company.
10
Transactions with related parties
In 2021 the Company lent Shotohouse Limited £301,680. This loan is still in place. Both companies have the same directors and shareholders.
11
Average number of employees
During the year the average number of employees was 11 (2022: 10).