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Company No: 04852178 (England and Wales)

PHIL ROWLEY PHOTOGRAPHY LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2023
Pages for filing with the registrar

PHIL ROWLEY PHOTOGRAPHY LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2023

Contents

PHIL ROWLEY PHOTOGRAPHY LIMITED

BALANCE SHEET

As at 31 July 2023
PHIL ROWLEY PHOTOGRAPHY LIMITED

BALANCE SHEET (continued)

As at 31 July 2023
Note 31.07.23 31.07.22
£ £
Fixed assets
Tangible assets 3 7,017 1,728
7,017 1,728
Current assets
Debtors 4 7,017 6,800
Cash at bank and in hand 55,212 64,439
62,229 71,239
Creditors: amounts falling due within one year 5 ( 27,871) ( 29,424)
Net current assets 34,358 41,815
Total assets less current liabilities 41,375 43,543
Net assets 41,375 43,543
Capital and reserves
Called-up share capital 15 15
Capital redemption reserve 75 75
Profit and loss account 41,285 43,453
Total shareholders' funds 41,375 43,543

For the financial 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.

Director's responsibilities:

The financial statements of Phil Rowley Photography Limited (registered number: 04852178) were approved and authorised for issue by the Director on 11 December 2023. They were signed on its behalf by:

Philip Rowley
Director
PHIL ROWLEY PHOTOGRAPHY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
PHIL ROWLEY PHOTOGRAPHY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 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 year, unless otherwise stated.

General information and basis of accounting

Phil Rowley Photography 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 1 Corbiere Avenue, Poole, BH12 4JJ, 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 stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. And revenue from services is recognised as they are delivered.

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 Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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

31.07.23 31.07.22
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 August 2022 19,255 19,255
Additions 6,494 6,494
At 31 July 2023 25,749 25,749
Accumulated depreciation
At 01 August 2022 17,527 17,527
Charge for the financial year 1,205 1,205
At 31 July 2023 18,732 18,732
Net book value
At 31 July 2023 7,017 7,017
At 31 July 2022 1,728 1,728

4. Debtors

31.07.23 31.07.22
£ £
Trade debtors 7,017 6,800

5. Creditors: amounts falling due within one year

31.07.23 31.07.22
£ £
Trade creditors 4,500 4,500
Taxation and social security 2,907 4,977
Other creditors 20,464 19,947
27,871 29,424