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REGISTERED NUMBER: 07174428 (England and Wales)





















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Bushfire Photography Limited

Bushfire Photography Limited (Registered number: 07174428)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Bushfire Photography Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: C D Middleditch
A Middleditch





REGISTERED OFFICE: 4 Grange Road
Felixstowe
Suffolk
IP11 2JE





REGISTERED NUMBER: 07174428 (England and Wales)





ACCOUNTANTS: Pinfold & Co
8 Deben Mill Business Centre
Old Maltings Approach
Woodbridge
Suffolk
IP12 1BL

Bushfire Photography Limited (Registered number: 07174428)

Abridged Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,000 14,000
Tangible assets 5 9,830 10,405
21,830 24,405

CURRENT ASSETS
Debtors 459 8,797
Cash at bank 16,316 12,666
16,775 21,463
CREDITORS
Amounts falling due within one year 22,781 26,557
NET CURRENT LIABILITIES (6,006 ) (5,094 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,824

19,311

CREDITORS
Amounts falling due after more than one year (12,478 ) (14,499 )

PROVISIONS FOR LIABILITIES 6 (1,868 ) (1,977 )
NET ASSETS 1,478 2,835

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 1,476 2,833
SHAREHOLDERS' FUNDS 1,478 2,835

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 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.

Bushfire Photography Limited (Registered number: 07174428)

Abridged 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:





A Middleditch - Director


Bushfire Photography Limited (Registered number: 07174428)

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

1. STATUTORY INFORMATION

Bushfire Photography 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 as modified by the revaluation of certain assets.

Turnover
The turnover represents net invoiced sales of services, excluding value added tax, arising from wedding and portrait photography.

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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 2 (2022 - 2 ) .

Bushfire Photography Limited (Registered number: 07174428)

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 March 2022
and 28 February 2023 20,000
AMORTISATION
At 1 March 2022 6,000
Amortisation for year 2,000
At 28 February 2023 8,000
NET BOOK VALUE

At 28 February 2023 12,000
At 28 February 2022 14,000

Cost or valuation at 28 February 2023 is represented by:

Totals
£   
Valuation in 2016 30,000
Valuation in 2020 (30,000 )
Cost 20,000
20,000

The goodwill was purchased in 2011 for £20,000 and revalued in 2016. The revaluation was reversed in 2020 and the goodwill has been amortised over ten years to comply with FRS102.

Bushfire Photography Limited (Registered number: 07174428)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 15,126
Additions 4,867
Disposals (3,080 )
At 28 February 2023 16,913
DEPRECIATION
At 1 March 2022 4,721
Charge for year 3,276
Eliminated on disposal (914 )
At 28 February 2023 7,083
NET BOOK VALUE
At 28 February 2023 9,830
At 28 February 2022 10,405

6. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 1,868 1,977

Deferred
tax
£   
Balance at 1 March 2022 1,977
Provided during year (109 )
Balance at 28 February 2023 1,868

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
2 Ordinary £1 2 2

Bushfire Photography Limited (Registered number: 07174428)

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

8. SUMMARY OF TRANSACTIONS WITH DIRECTORS

The following advances by and repayments to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
A Middleditch and C D Middleditch
Balance outstanding at start of year 15,759 17,840
Amounts advanced 1,814 8,080
Amounts repaid (2,678 ) (10,161 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,895 15,759