2022-11-01 06737134 2023-10-31 06737134 2022-11-01 2023-10-31 06737134 2022-10-31 06737134 2021-11-01 2022-10-31 06737134 uk-core:WithinOneYear 2022-10-31 06737134 uk-core:WithinOneYear 2023-10-31 06737134 uk-core:ShareCapital 2023-10-31 06737134 uk-core:ShareCapital 2022-10-31 06737134 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 06737134 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 06737134 uk-bus:Director1 2022-11-01 2023-10-31 06737134 uk-core:PlantMachinery 2022-11-01 2023-10-31 06737134 uk-core:ComputerEquipment 2022-11-01 2023-10-31 06737134 uk-core:ComputerEquipment 2022-10-31 06737134 uk-core:PlantMachinery 2022-10-31 06737134 uk-core:PlantMachinery 2023-10-31 06737134 uk-core:ComputerEquipment 2023-10-31 iso4217:GBP xbrli:pure 06737134 uk-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 06737134 uk-bus:FRS102 2022-11-01 2023-10-31 06737134 uk-bus:FilletedAccounts 2022-11-01 2023-10-31 06737134 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31
Photo Editions Limited
Registered Number:06737134
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2023
Photo Editions Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
06737134
As at 31 October 2023
Photo Editions Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
7,375
9,212
2
7,375
9,212
Current assets
Inventories
193,824
199,279
3
Trade and other receivables
1,755
1,606
4
281,990
Cash and cash equivalents
315,627
516,512
477,569
Trade and other payables: amounts falling due within one
year
(27,356)
(45,477)
5
450,213
471,035
Net current assets
Total assets less current liabilities
478,410
459,425
(1,760)
(2,303)
Provisions for liabilities
476,650
Net assets
457,122
Capital and reserves
Called up share capital
1
1
Retained earnings
476,649
457,121
476,650
457,122
Shareholders' funds
For the year ended 31 October 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
M T Amis Director
These financial statements were approved and authorised for issue by the Board on 13 April 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 October 2023
Photo Editions Limited
Notes to the Financial Statements
Statutory Information
Photo Editions Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 06737134.
Registered address:
43 Grimshill Road
Whitstable
Kent
CT5 4LL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration receivable, excluding value added tax.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Photo Equipment
20% Straight line
25% Straight line
Computer Equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2 of 4
5
For the year ended 31 October 2023
Photo Editions Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Photo
Equipment
£
£
£
Cost or
valuation
At 01 November 2022
18,595
7,999
10,596
1,638
1,638
-
Additions
(1,473)
-
Disposals
(1,473)
At 31 October 2023
10,596
8,164
18,760
Provision for depreciation and impairment
At 01 November 2022
9,383
2,632
6,751
Charge for year
3,003
2,041
962
(1,001)
(1,001)
-
On disposal
At 31 October 2023
11,385
3,672
7,713
At 31 October 2023
Net book value
2,883
4,492
7,375
At 31 October 2022
3,845
5,367
9,212
3. Inventories
2022
2023
£
£
Stocks
199,279
193,824
4. Trade and other receivables
2022
2023
£
£
Trade debtors
1,074
281
Other debtors
532
1,474
1,755
1,606
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
56
3,720
Taxation and social security
30,955
22,479
Other creditors
14,466
1,157
45,477
27,356
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6
For the year ended 31 October 2023
Photo Editions Limited
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
4 of 4