2022-07-01 2023-06-30 2023-06-30 Trading false The accounts were prepared in accordance with frs102 With an accountants report AbridgedAccounts This company is a private limited company 06259316 2023-06-30 06259316 2022-06-30 06259316 2021-06-30 06259316 2022-07-01 2023-06-30 06259316 2021-07-01 2022-06-30 06259316 uk-cd-pres:AllEntityOfficers 2022-07-01 2023-06-30 06259316 uk-cd-pres:AllEntityOfficers 2021-07-01 2022-06-30 06259316 uk-cd-pres:CompanySecretary1 2022-07-01 2023-06-30 06259316 uk-cd-pres:CompanySecretaryDirector1 2022-07-01 2023-06-30 06259316 uk-cd-pres:CompanySecretaryDirector1 2023-06-30 06259316 uk-cd-pres:Director1 2022-07-01 2023-06-30 06259316 uk-cd-pres:Director1 2023-06-30 06259316 uk-cd-pres:AllOrdinaryShares 2023-06-30 06259316 uk-cd-pres:AllPreferenceShares 2023-06-30 06259316 uk-cd-pres:AllOrdinaryShares 2022-06-30 06259316 uk-cd-pres:AllPreferenceShares 2022-06-30 06259316 uk-cd-pres:AllOrdinaryShares 2022-07-01 2023-06-30 06259316 uk-cd-pres:AllPreferenceShares 2022-07-01 2023-06-30 06259316 uk-cd-pres:AllOrdinaryShares 2021-07-01 2022-06-30 06259316 uk-cd-pres:AllPreferenceShares 2021-07-01 2022-06-30 06259316 uk-cd-pres:RegisteredOffice 2022-07-01 2023-06-30 06259316 uk-cd-pres:EntityAccountantsOrAuditors 2023-06-30 06259316 uk-cd-pres:EntityAccountantsOrAuditors 2022-07-01 2023-06-30 06259316 uk-cd-pres:EntityAccountantsOrAuditors 2021-07-01 2022-06-30 06259316 uk-cd-pres:EntityBankers 2022-07-01 2023-06-30 06259316 uk-cd-pres:EntityLawyersOrLegalAdvisers 2022-07-01 2023-06-30 06259316 uk-countries:UnitedKingdom 2022-07-01 2023-06-30 06259316 uk-countries:Europe 2022-07-01 2023-06-30 06259316 uk-countries:NorthAmerica 2022-07-01 2023-06-30 06259316 uk-countries:OtherCountriesRegions 2022-07-01 2023-06-30 06259316 uk-countries:UnitedKingdom 2021-07-01 2022-06-30 06259316 uk-countries:Europe 2021-07-01 2022-06-30 06259316 uk-countries:NorthAmerica 2021-07-01 2022-06-30 06259316 uk-countries:OtherCountriesRegions 2021-07-01 2022-06-30 06259316 uk-gaap-pt:OwnedOrFreeholdTangibleFixedAssets 2022-07-01 2023-06-30 06259316 uk-gaap-pt:LeasedTangibleFixedAssets 2022-07-01 2023-06-30 06259316 uk-gaap-pt:OwnedOrFreeholdTangibleFixedAssets 2021-07-01 2022-06-30 06259316 uk-gaap-pt:LeasedTangibleFixedAssets 2021-07-01 2022-06-30 06259316 uk-gaap-pt:OwnedAssets 2022-07-01 2023-06-30 06259316 uk-gaap-pt:LeasedAssets 2022-07-01 2023-06-30 06259316 uk-gaap-pt:OwnedAssets 2021-07-01 2022-06-30 06259316 uk-gaap-pt:LeasedAssets 2021-07-01 2022-06-30 06259316 uk-gaap-pt:LeasedAssetsHeldAsLessee 2023-06-30 06259316 uk-gaap-pt:LeasedAssetsHeldAsLessee 2022-06-30 06259316 uk-gaap-pt:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 06259316 uk-gaap-pt:LeasedAssetsHeldAsLessee 2021-07-01 2022-06-30 06259316 uk-gaap-pt:NetGoodwill 2022-06-30 06259316 uk-gaap-pt:RecipesFormulaeModelsDesignsPrototypes 2022-06-30 06259316 uk-gaap-pt:CopyrightsPatentsTrademarksServiceOperatingRights 2022-06-30 06259316 uk-gaap-pt:OtherResidualIntangibleAssets 2022-06-30 06259316 uk-gaap-pt:NetGoodwill 2022-07-01 2023-06-30 06259316 uk-gaap-pt:RecipesFormulaeModelsDesignsPrototypes 2022-07-01 2023-06-30 06259316 uk-gaap-pt:CopyrightsPatentsTrademarksServiceOperatingRights 2022-07-01 2023-06-30 06259316 uk-gaap-pt:OtherResidualIntangibleAssets 2022-07-01 2023-06-30 06259316 uk-gaap-pt:NetGoodwill 2023-06-30 06259316 uk-gaap-pt:RecipesFormulaeModelsDesignsPrototypes 2023-06-30 06259316 uk-gaap-pt:CopyrightsPatentsTrademarksServiceOperatingRights 2023-06-30 06259316 uk-gaap-pt:OtherResidualIntangibleAssets 2023-06-30 06259316 uk-gaap-pt:Buildings 2022-07-01 2023-06-30 06259316 uk-gaap-pt:Land 2022-07-01 2023-06-30 06259316 uk-gaap-pt:LandBuildings 2022-06-30 06259316 uk-gaap-pt:PlantMachinery 2022-06-30 06259316 uk-gaap-pt:FurnitureFittings 2022-06-30 06259316 uk-gaap-pt:FurnitureFittings 2022-06-30 06259316 uk-gaap-pt:OfficeEquipment 2022-06-30 06259316 uk-gaap-pt:Vehicles 2022-06-30 06259316 uk-gaap-pt:LandBuildings 2022-07-01 2023-06-30 06259316 uk-gaap-pt:PlantMachinery 2022-07-01 2023-06-30 06259316 uk-gaap-pt:FurnitureFittings 2022-07-01 2023-06-30 06259316 uk-gaap-pt:FurnitureFittings 2022-07-01 2023-06-30 06259316 uk-gaap-pt:OfficeEquipment 2022-07-01 2023-06-30 06259316 uk-gaap-pt:Vehicles 2022-07-01 2023-06-30 06259316 uk-gaap-pt:LandBuildings 2023-06-30 06259316 uk-gaap-pt:PlantMachinery 2023-06-30 06259316 uk-gaap-pt:FurnitureFittings 2023-06-30 06259316 uk-gaap-pt:OfficeEquipment 2023-06-30 06259316 uk-gaap-pt:Vehicles 2023-06-30 06259316 uk-gaap-ptx:AdministrativeExpenses 2022-07-01 2023-06-30 06259316 uk-gaap-ptx:AdministrativeExpenses 2021-07-01 2022-06-30 06259316 uk-gaap-ptx:CostSales 2022-07-01 2023-06-30 06259316 uk-gaap-ptx:CostSales 2021-07-01 2022-06-30 06259316 uk-gaap-ptx:DistributionCosts 2022-07-01 2023-06-30 06259316 uk-gaap-ptx:DistributionCosts 2021-07-01 2022-06-30 06259316 uk-gaap-pt:CurrentFinancialInstruments uk-gaap-pt:ListedExchangeTraded 2023-06-30 06259316 uk-gaap-pt:CurrentFinancialInstruments uk-gaap-pt:ListedExchangeTraded 2022-06-30 06259316 uk-gaap-pt:Non-currentFinancialInstruments uk-gaap-pt:ListedExchangeTraded 2023-06-30 06259316 uk-gaap-pt:Non-currentFinancialInstruments uk-gaap-pt:ListedExchangeTraded 2022-06-30 06259316 uk-gaap-pt:CurrentFinancialInstruments uk-gaap-pt:UnlistedNon-exchangeTraded 2023-06-30 06259316 uk-gaap-pt:CurrentFinancialInstruments uk-gaap-pt:UnlistedNon-exchangeTraded 2022-06-30 06259316 uk-gaap-pt:Non-currentFinancialInstruments uk-gaap-pt:UnlistedNon-exchangeTraded 2023-06-30 06259316 uk-gaap-pt:Non-currentFinancialInstruments uk-gaap-pt:UnlistedNon-exchangeTraded 2022-06-30 06259316 uk-gaap-pt:CurrentFinancialInstruments 2023-06-30 06259316 uk-gaap-pt:CurrentFinancialInstruments 2022-06-30 06259316 uk-gaap-pt:WithinOneYear 2023-06-30 06259316 uk-gaap-pt:BetweenOneTwoYears 2023-06-30 06259316 uk-gaap-pt:BetweenTwoFiveYears 2023-06-30 06259316 uk-gaap-pt:MoreThanFiveYears 2023-06-30 06259316 uk-gaap-pt:AfterOneYear 2023-06-30 06259316 uk-gaap-pt:WithinOneYear 2022-06-30 06259316 uk-gaap-pt:BetweenOneTwoYears 2022-06-30 06259316 uk-gaap-pt:BetweenTwoFiveYears 2022-06-30 06259316 uk-gaap-pt:MoreThanFiveYears 2022-06-30 06259316 uk-gaap-pt:AfterOneYear 2022-06-30 06259316 uk-gaap-pt:ShareCapital 2023-06-30 06259316 uk-gaap-pt:SharePremium 2023-06-30 06259316 uk-gaap-pt:RetainedEarningsAccumulatedLosses 2023-06-30 06259316 uk-gaap-pt:RevaluationReserve 2023-06-30 06259316 uk-gaap-pt:OtherReservesSubtotal 2023-06-30 06259316 uk-gaap-pt:ShareCapital 2022-06-30 06259316 uk-gaap-pt:SharePremium 2022-06-30 06259316 uk-gaap-pt:RetainedEarningsAccumulatedLosses 2022-06-30 06259316 uk-gaap-pt:RevaluationReserve 2022-06-30 06259316 uk-gaap-pt:OtherReservesSubtotal 2022-06-30 06259316 1 2022-07-01 2023-06-30 06259316 2 2022-07-01 2023-06-30 06259316 uk-cd-pres:FRS102 2022-07-01 2023-06-30 06259316 uk-cd-pres:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 06259316 uk-cd-pres:FullAccounts 2022-07-01 2023-06-30 06259316 uk-cd-pres:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure
 
 
 
 
 
 
 
Photo Memories Limited
 
 
Company Registration Number
06259316
 
 
Report of the Directors and
Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/07/2022
 
End date 30/06/2023
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
Photo Memories Limited
 
Contents of the Financial Statements
for the Period Ended 30 June 2023
 
 
Page
Company Information 3
 
Report of the Directors 4
 
Report of the Accountants 5
 
Profit and Loss Account 6
 
Balance Sheet 7 - 8
 
Notes to the Financial Statements 9 - 13
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
Photo Memories Limited
 
Company Information
for the Period Ended 30 June 2023
 
Directors R Collen
 
Company secretary Mrs C Collen
 
Registered office 24 Downsview
Chatham
Kent
ME5 0AP
 
Company Registration Number 06259316
 
Accountants Name B R Pusser & Co Ltd
Address 24 Downsview
Chatham
Kent
ME5 0AP
 
Bankers Name Nat West
Address 117 High Street
Gillingham
Kent
ME7 1AG
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
Photo Memories Limited
Directors Report
for the Period Ended 30 June 2023
The directors present their report with the financial statements of the company for the
period ended 30 June 2023
Principal activities
The principal activity of the company in the period under review was
photography shop
Directors
The director(s) shown below have held office during the whole of the period
R Collen
Company policy on the employment of disabled persons
It is the companys policy to give employment to disabled persons wherever practicable.
Small Company Provisions
These accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.
 
This report was approved by the board of directors on 2024-03-11
and signed on behalf of the board by
Name R Collen
Status Director
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 4
Photo Memories Limited
 
Accountants' Report
for the Period Ended 30 June 2023
 
Independent accountants' report
 
Report to the directors on the preparation of the unaudited statutory accounts of the company for theperiod ended 30 June 2023. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company for the period ended 30 June 2023 as set out on pages 3 to 15 which comprise of Profit and Loss Account, the Balance Sheet and the related notes from the companys accounting records and from information and explanations you have given us. This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the
accounts of the company and state those matters that we have agreed to state to the Board of Directors
of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the company and its Board of Directors as a body for our
work or for this report.
 
It is your duty to ensure the company has kept adequate accounting records and to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and profit/(loss) of
the company. You consider the company is exempt from the statutory audit requirement for the
period.
We have not been instructed to carry out an audit of the financial statements. For this reason, we
have not verified the accuracy or completeness of the accounting records or information and
explanations you have given to us and we do not, therefore, express any opinion on the financial
statements.
 
 
 
 
 
 
 
B R Pusser & Co Ltd
24 Downsview
Chatham
Kent
ME5 0AP
 
Date 2024-03-11
Page 5
Photo Memories Limited
 
Profit and Loss Account
for the Period Ended 30 June 2023
2023 2022
Notes £ £
 
Turnover 2 92,828 104,562
Cost of sales 75,861 72,514
______ ______
Gross Profit/(Loss) 16,967 32,048
 
Administrative expenses 9,935 9,990
______ ______
Operating costs 9,935 9,990
 
______ ______
Operating Profit/(Loss) 3 7,032 22,058
______ ______
Profit/(Loss) on ordinary activities before taxation 7,032 22,058
 
Tax on profit on ordinary activities 6 1,230 0
____ _____
Profit/(Loss) for the financial period after taxation 5,802 22,058
There were no recognised gains or losses other than the profit/(loss) shown attributable to the
shareholders for the period ended 30 June 2023
 
The notes form part of these financial statements
 
 
 
 
 
 
 
 
 
 
 
Page 6
Photo Memories Limited
Balance Sheet
for the Period Ended 30 June 2023
Company registration number 06259316
2023 2022
Notes £ £
Fixed assets
Intangible fixed assets 8 80,789 84,156
Tangible fixed assets 9 907 1,107
_______ _______
Total fixed assets 81,696 85,263
Current assets
Stocks 10 4,750 4,750
Cash at bank and in hand 62,662 46,401
_______ _______
Total current assets/(liabilities) 67,412 51,151
Creditors
Creditors - amounts falling
due within one year 12 3,166 900
_______ _______
Net current assets 64,246 50,251
_______ _______
Total assets less current liabilities 145,942 135,514
_______ _______
Creditors - amounts falling
due after more than one year 13 98,175 93,549
_______ _______
Long term creditors 98,175 93,549
_____ _____
Net assets/(liabilities) 47,767 41,965
Capital and reserves
Called up share capital 14 2 2
Profit and loss account 15 47,765 41,963
_____ _____
Total shareholders funds 47,767 41,965
 
 
 
 
 
 
 
Page 7
Photo Memories Limited
 
Balance Sheet
for the Period Ended 30 June 2023
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
 
For the year ending 30 June 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
 
The financial statements were approved by the Board of Directors on 2024-03-11
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name R Collen
 
The notes form part of these financial statements
Average number of employees during period 3
 
 
 
 
 
 
 
 
 
Page 8
Photo Memories Limited
Notes to the Financial Statements
for the Period Ended 30 June 2023
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
Turnover
The turnover shown in the profit and loss account represents revenue earned during the period, inclusive of VAT.
Tangible fixed assets Depreciation
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstance indicate that the carrying value of an asset may not be fully recoverable.
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
 
 
 
 
 
 
 
 
 
 
 
Page 9
Photo Memories Limited
Notes to the Financial Statements
for the Period Ended 30 June 2023
2. Turnover 2023 2022
£ £
United Kingdom 92,828 90,230
Other 14,332
_____ ______
Total 92,828 104,562
3. Operating profit/(loss) 2023 2022
Profit before tax as stated after charging the following £ £
Depreciation - owned assets 186 352
Accountants and audit fees 1,000 900
Amortisation charge for the year 3,367 3,464
4. Directors' remuneration 2023 2022
£ £
Directors remuneration
Value of directors pension contributions
_ _
Total
The number of Directors accruing pension benefits was
5. Employees 2023 2022
£ £
Wages and salaries 40,642 38,578
_____ _____
Total staff costs 40,642 38,578
6. Taxation
The tax charge on the profit on ordinary activities 2023 2022
for the period was as follows £ £
UK Corporation Tax net of reliefs 1,230
____ _
Tax on profit on ordinary activities 1,230 0
7. Dividends 2023 2022
£ £
Dividend on ordinary shares paid in period
 
 
 
 
 
 
 
 
 
Page 10
Photo Memories Limited
Notes to the Financial Statements
for the Period Ended 30 June 2023
8. Intangible fixed assets Goodwill Total
Cost £ £
At 1 July 2022 138,471 138,471
______ ______
At 30 June 2023 138,471 138,471
Amortisation
At 1 July 2022 54,315 54,315
Charge during the period 3,367 3,367
_____ _____
At 30 June 2023 57,682 57,682
Net book value
At 30 June 2023 80,789 80,789
At 30 June 2022 84,156 84,156
 
9. Tangible fixed assets
Plant and Total
machinery
Cost £ £
At 1 July 2022 18,991 18,991
Disposals 200 200
_____ _____
At 30 June 2023 18,791 18,791
Depreciation
At 1 July 2022 17,884 17,884
_____ _____
At 30 June 2023 17,884 17,884
Net book value
At 30 June 2023 907 907
At 30 June 2022 1,107 1,107
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 11
Photo Memories Limited
Notes to the Financial Statements
for the Period Ended 30 June 2023
10. Stocks 2023 2022
Finished goods 4,750 4,750
Total 4,750 4,750
11. Debtors 2023 2022
_ _
Total
12. Creditors amounts falling due within one year 2023 2022
Trade creditors 1,936 900
Corporation tax 1,230
____ ___
Total 3,166 900
13. Creditors amounts falling due after more than one year 2023 2022
Other creditors 98,175 93,549
_____ _____
Total 98,175 93,549
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 12
Photo Memories Limited
Notes to the Financial Statements
for the Period Ended 30 June 2023
14. Share capital 2023 2022
Authorised type Par value £ £
Ordinary 1 2 2
_ _
Total 2 2
Allotted, called up and paid £ £
Ordinary 2 2
_ _
Total 2 2
15. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 July 2022 41,963
Profit/(Loss) for year 5,802
Dividends paid
_____
Retained Profit/(Loss) at 30 June 2023 47,765
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 13