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REGISTERED NUMBER: 06588887 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Flash Photodigital Limited

Flash Photodigital Limited (Registered number: 06588887)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Flash Photodigital Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Howard Woodruff





REGISTERED OFFICE: Unit 20 The Shaftesbury Centre
85 Barlby Road
London
W10 6BN





REGISTERED NUMBER: 06588887 (England and Wales)





ACCOUNTANTS: Preston Accountants Limited
Chartered Certified Accountants
1 Carlton Parade
Preston Road
Wembley
Middlesex
HA9 8NE

Flash Photodigital Limited (Registered number: 06588887)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 5,067 6,333

CURRENT ASSETS
Inventories 5 3,200 2,700
Debtors 6 6,347 4,919
Cash at bank 138,554 148,884
148,101 156,503
CREDITORS
Amounts falling due within one year 7 27,334 28,641
NET CURRENT ASSETS 120,767 127,862
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,834

134,195

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 125,833 134,194
SHAREHOLDERS' FUNDS 125,834 134,195

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 10 January 2024 and were signed by:




Howard Woodruff - Director


Flash Photodigital Limited (Registered number: 06588887)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Flash Photodigital 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 33,025 1,162 34,187
DEPRECIATION
At 1 April 2022 26,784 1,070 27,854
Charge for year 1,248 18 1,266
At 31 March 2023 28,032 1,088 29,120
NET BOOK VALUE
At 31 March 2023 4,993 74 5,067
At 31 March 2022 6,241 92 6,333

Flash Photodigital Limited (Registered number: 06588887)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. INVENTORIES
31.3.23 31.3.22
£    £   
Stocks 3,200 2,700

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 4,835 3,407
Prepayments 1,512 1,512
6,347 4,919

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 401 683
Trade creditors 2,677 3,407
Tax 4,200 9,335
VAT 4,223 4,882
Directors' loan accounts 15,123 9,624
Accrued expenses 710 710
27,334 28,641

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary £1 1 1

9. ULTIMATE CONTROLLING PARTY

The controlling party is Howard Woodruff.