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REGISTERED NUMBER: SC459516 (Scotland)















Unaudited Financial Statements

for the Period 1 October 2022 to 12 January 2024

for

Prolens Photography Limited

Prolens Photography Limited (Registered number: SC459516)






Contents of the Financial Statements
for the Period 1 October 2022 to 12 January 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Prolens Photography Limited

Company Information
for the Period 1 October 2022 to 12 January 2024







DIRECTORS: P Wojcik
R G Conlin





REGISTERED OFFICE: 1 Luncarty Street
Sandyhills
Glasgow
G32 7SU





REGISTERED NUMBER: SC459516 (Scotland)





ACCOUNTANTS: Lamont Blair Chartered Accountants
1A Berwick Drive
Rutherglen
South Lanarkshire
G73 3JP

Prolens Photography Limited (Registered number: SC459516)

Abridged Balance Sheet
12 January 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 821
Tangible assets 5 - 1,002
- 1,823

CURRENT ASSETS
Debtors - 604
Cash at bank 5,614 1,315
5,614 1,919
CREDITORS
Amounts falling due within one year 23,298 23,924
NET CURRENT LIABILITIES (17,684 ) (22,005 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,684

)

(20,182

)

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings (17,686 ) (20,184 )
SHAREHOLDERS' FUNDS (17,684 ) (20,182 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 12 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 12 January 2024 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.

Prolens Photography Limited (Registered number: SC459516)

Abridged Balance Sheet - continued
12 January 2024


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 Income Statement and an abridged Balance Sheet for the period ended 12 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by:





P Wojcik - Director


Prolens Photography Limited (Registered number: SC459516)

Notes to the Financial Statements
for the Period 1 October 2022 to 12 January 2024

1. STATUTORY INFORMATION

Prolens Photography Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

During the period to 12th January 2024 the company made a profit of £ but had net liabilities of £

The company has ceased to trade.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on management's best knowledge of the amount, events or actions, actual results ultimately may differ from those estimates.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Prolens Photography Limited (Registered number: SC459516)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 12 January 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash and deposits with financial institutions repayable without penalty on notice of not more than twenty four hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022 8,246
Disposals (8,246 )
At 12 January 2024 -
AMORTISATION
At 1 October 2022 7,425
Eliminated on disposal (7,425 )
At 12 January 2024 -
NET BOOK VALUE

At 12 January 2024 -
At 30 September 2022 821

Prolens Photography Limited (Registered number: SC459516)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 12 January 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022 9,003
Disposals (9,003 )
At 12 January 2024 -
DEPRECIATION
At 1 October 2022 8,001
Eliminated on disposal (8,001 )
At 12 January 2024 -
NET BOOK VALUE
At 12 January 2024 -
At 30 September 2022 1,002

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2022
value: £    £   
2 Ordinary £1 2 2