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Company Registration No. 04797358 (England and Wales)
JAKE WALTERS PHOTOGRAPHY LIMITED Unaudited accounts for the year ended 31 July 2023
JAKE WALTERS PHOTOGRAPHY LIMITED Unaudited accounts Contents
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JAKE WALTERS PHOTOGRAPHY LIMITED Company Information for the year ended 31 July 2023
Director
J Walters
Company Number
04797358 (England and Wales)
Registered Office
178 Brooke Road London E5 8AP England
Accountants
Tuite Tang Wong Chartered Certified Accountants Alliance House 2nd floor 29-30 High Holborn London WC1V 6AZ
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JAKE WALTERS PHOTOGRAPHY LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,297 
1,088 
Current assets
Debtors
8,715 
5,700 
Cash at bank and in hand
72,710 
118,555 
81,425 
124,255 
Creditors: amounts falling due within one year
(2,593)
(15,426)
Net current assets
78,832 
108,829 
Net assets
80,129 
109,917 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
80,128 
109,916 
Shareholders' funds
80,129 
109,917 
For the year ending 31 July 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 20 February 2024 and were signed on its behalf by
J Walters Director Company Registration No. 04797358
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JAKE WALTERS PHOTOGRAPHY LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
JAKE WALTERS PHOTOGRAPHY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04797358. The registered office is 178 Brooke Road, London, E5 8AP, England.
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
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
25,688 
600 
26,288 
Additions
641 
- 
641 
At 31 July 2023
26,329 
600 
26,929 
Depreciation
At 1 August 2022
24,938 
262 
25,200 
Charge for the year
348 
84 
432 
At 31 July 2023
25,286 
346 
25,632 
Net book value
At 31 July 2023
1,043 
254 
1,297 
At 31 July 2022
750 
338 
1,088 
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JAKE WALTERS PHOTOGRAPHY LIMITED Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
5,700 
Other debtors
8,715 
- 
8,715 
5,700 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
198 
2,059 
Taxes and social security
- 
5,437 
Other creditors
43 
5,884 
Accruals
2,352 
2,046 
2,593 
15,426 
7
Transactions with related parties
At the year end, the outstanding amount due to director of the company was £43 (2022: £5,884).
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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