1 March 2022 false Taxfiler 2023.10.1 10624460business:PrivateLimitedCompanyLtd2022-03-012023-02-28 106244602022-02-28 106244602022-03-012023-02-28 10624460business:AuditExemptWithAccountantsReport2022-03-012023-02-28 10624460business:FilletedAccounts2022-03-012023-02-28 106244602023-02-28 10624460business:Director12022-03-012023-02-28 10624460business:RegisteredOffice2022-03-012023-02-28 106244602022-02-28 10624460core:WithinOneYear2023-02-28 10624460core:WithinOneYear2022-02-28 10624460core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 10624460core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 10624460core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 10624460core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 10624460core:PreviouslyStatedAmount2023-02-28 10624460core:PreviouslyStatedAmount2022-02-28 10624460business:SmallEntities2022-03-012023-02-28 10624460countries:EnglandWales2022-03-012023-02-28 10624460core:PlantMachinery2022-03-012023-02-28 10624460core:PlantMachinery2022-02-28 10624460core:PlantMachinery2023-02-28 10624460core:AcceleratedTaxDepreciationDeferredTax2023-02-28 10624460core:AcceleratedTaxDepreciationDeferredTax2022-02-28 106244602021-02-28 106244602021-03-012022-02-28 10624460business:OrdinaryShareClass12022-03-012023-02-28 10624460business:OrdinaryShareClass12021-03-012022-02-28 10624460business:Director112022-03-012023-02-28 10624460business:Director112022-02-28 10624460business:Director112023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 10624460 (England and Wales)
Lee Meek Photography Ltd Unaudited accounts for the year ended 28 February 2023
Lee Meek Photography Ltd Unaudited accounts Contents
Page
- 2 -
Lee Meek Photography Ltd Company Information for the year ended 28 February 2023
Director
Lee Helmore
Company Number
10624460 (England and Wales)
Registered Office
5 Llanvair Grange Close Newport NP20 2QN
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
- 3 -
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Lee Meek Photography Ltd for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lee Meek Photography Ltd for the year ended 28 February 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Venta House Maes-glas Newport NP20 2NS 24 July 2023
- 4 -
Lee Meek Photography Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,539 
8,039 
Current assets
Inventories
- 
300 
Debtors
722 
1,983 
Cash at bank and in hand
1,359 
1,763 
2,081 
4,046 
Creditors: amounts falling due within one year
(4,175)
(2,537)
Net current (liabilities)/assets
(2,094)
1,509 
Total assets less current liabilities
3,445 
9,548 
Provisions for liabilities
Deferred tax
(1,052)
(1,527)
Net assets
2,393 
8,021 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,293 
7,921 
Shareholders' funds
2,393 
8,021 
For the year ending 28 February 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 director acknowledges his 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 and authorised for issue on 24 July 2022 and were signed on its behalf by
Lee Helmore Director Company Registration No. 10624460
- 5 -
Lee Meek Photography Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Lee Meek Photography Ltd is a private company, limited by shares, registered in England and Wales, registration number 10624460. The registered office is 5 Llanvair Grange Close, Newport, NP20 2QN.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Plant & machinery
5 years - Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 6 -
Lee Meek Photography Ltd Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2022
19,748 
At 28 February 2023
19,748 
Depreciation
At 1 March 2022
11,709 
Charge for the year
2,500 
At 28 February 2023
14,209 
Net book value
At 28 February 2023
5,539 
At 28 February 2022
8,039 
5
Inventories
2023 
2022 
£ 
£ 
Finished goods
- 
300 
- 
300 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
722 
1,983 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
2,915 
1,577 
Accruals
1,260 
960 
4,175 
2,537 
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
1,052 
1,527 
2023 
2022 
£ 
£ 
Provision at start of year
1,527 
- 
(Credited)/charged to the profit and loss account
(475)
1,527 
Provision at end of year
1,052 
1,527 
- 7 -
Lee Meek Photography Ltd Notes to the Accounts for the year ended 28 February 2023
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Lee Helmore
loan advance during the financial year
1,983 
- 
1,260 
723 
1,983 
- 
1,260 
723 
The balance represents an interest free loan that is repayable to the company upon demand.
11
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 8 -