Silverfin false false 30/11/2023 01/12/2022 30/11/2023 M Baxter 22/11/2021 S Webb 22/11/2021 01 February 2024 The principal activity of the Company during the financial period was that of photographic digital retouching agents. 13757117 2023-11-30 13757117 bus:Director1 2023-11-30 13757117 bus:Director2 2023-11-30 13757117 core:CurrentFinancialInstruments 2023-11-30 13757117 core:CurrentFinancialInstruments 2022-11-30 13757117 2022-11-30 13757117 core:ShareCapital 2023-11-30 13757117 core:ShareCapital 2022-11-30 13757117 core:RetainedEarningsAccumulatedLosses 2023-11-30 13757117 core:RetainedEarningsAccumulatedLosses 2022-11-30 13757117 2022-12-01 2023-11-30 13757117 bus:FilletedAccounts 2022-12-01 2023-11-30 13757117 bus:SmallEntities 2022-12-01 2023-11-30 13757117 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 13757117 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13757117 bus:Director1 2022-12-01 2023-11-30 13757117 bus:Director2 2022-12-01 2023-11-30 13757117 2021-11-22 2022-11-30 iso4217:GBP xbrli:pure

Company No: 13757117 (England and Wales)

LOUPE DIGITAL IMAGING LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

LOUPE DIGITAL IMAGING LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

LOUPE DIGITAL IMAGING LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 November 2023
LOUPE DIGITAL IMAGING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 November 2023
Note 30.11.2023 30.11.2022
£ £
Current assets
Debtors 3 83,256 70,375
Cash at bank and in hand 4 72,717 63,152
155,973 133,527
Creditors: amounts falling due within one year 5 ( 86,339) ( 72,483)
Net current assets 69,634 61,044
Total assets less current liabilities 69,634 61,044
Net assets 69,634 61,044
Capital and reserves
Called-up share capital 100 100
Profit and loss account 69,534 60,944
Total shareholders' funds 69,634 61,044

For the financial year ending 30 November 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Loupe Digital Imaging Limited (registered number: 13757117) were approved and authorised for issue by the Director. They were signed on its behalf by:

M Baxter
Director

01 February 2024

LOUPE DIGITAL IMAGING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
LOUPE DIGITAL IMAGING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Loupe Digital Imaging Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Flat 72 5 Queensland Road, London, N7 7FE, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

Year ended
30.11.2023
Period from
22.11.2021 to
30.11.2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

30.11.2023 30.11.2022
£ £
Trade debtors 83,256 70,375

4. Cash and cash equivalents

30.11.2023 30.11.2022
£ £
Cash at bank and in hand 72,717 63,152

5. Creditors: amounts falling due within one year

30.11.2023 30.11.2022
£ £
Amounts owed to directors 121 1,627
Accruals 3,100 1,500
Taxation and social security 83,118 69,356
86,339 72,483