Registered number
10734580
Thistle Photo Ltd
Filleted Accounts
30 June 2023
Thistle Photo Ltd
Registered number: 10734580
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 19,954 24,836
Current assets
Debtors 4 25,006 28,606
Cash at bank and in hand 201,733 204,708
226,739 233,314
Creditors: amounts falling due within one year 5 (34,109) (42,637)
Net current assets 192,630 190,677
Total assets less current liabilities 212,584 215,513
Provisions for liabilities (3,251) (4,060)
Net assets 209,333 211,453
Capital and reserves
Called up share capital 1 1
Profit and loss account 209,332 211,452
Shareholder's funds 209,333 211,453
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Thistle
Director
Approved by the board on 17 January 2024
Thistle Photo Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and equipment 25% reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and equipment
£
Cost
At 1 July 2022 47,058
Additions 1,770
At 30 June 2023 48,828
Depreciation
At 1 July 2022 22,222
Charge for the year 6,652
At 30 June 2023 28,874
Net book value
At 30 June 2023 19,954
At 30 June 2022 24,836
4 Debtors 2023 2022
£ £
Trade debtors 25,006 28,606
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,475 2,675
Director's current account 2,307 4,404
Taxation and social security costs 29,327 35,558
34,109 42,637
6 Controlling party
The company is controlled by S. Thistle.
7 Other information
Thistle Photo Ltd is a private company limited by shares and incorporated in England. Its registered office is: 47 South View Road, Loughton, Essex IG10 3LQ.
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