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REGISTERED NUMBER: 06399056 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

Richard Moran Photography Limited

Richard Moran Photography Limited (Registered number: 06399056)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Richard Moran Photography Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: R A Moran
Mrs J Moran





REGISTERED OFFICE: 15 Spen Drive
West Park
Leeds
LS16 5AH





REGISTERED NUMBER: 06399056 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Richard Moran Photography Limited (Registered number: 06399056)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 16,797 11,789
16,797 11,789

CURRENT ASSETS
Debtors 6 2,255 7,277
Cash at bank 344,111 323,828
346,366 331,105
CREDITORS
Amounts falling due within one year 7 29,382 42,893
NET CURRENT ASSETS 316,984 288,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

333,781

300,001

PROVISIONS FOR LIABILITIES 4,199 2,547
NET ASSETS 329,582 297,454

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 329,482 297,354
SHAREHOLDERS' FUNDS 329,582 297,454

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

Richard Moran Photography Limited (Registered number: 06399056)

Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2024 and were signed on its behalf by:





R A Moran - Director


Richard Moran Photography Limited (Registered number: 06399056)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

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

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.

Turnover
Turnover comprises the value of sales (excluding VAT, similar taxes and trade discounts) of services provided in the normal course of business. Revenue is recognised as services are completed or part thereof.

Goodwill
Goodwill, being the amount paid in connection with the aquisition of a business in 2008, is being amortised evenly over its estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Camera equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 year 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.

Richard Moran Photography Limited (Registered number: 06399056)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 20,000
AMORTISATION
At 1 February 2023
and 31 January 2024 20,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

Richard Moran Photography Limited (Registered number: 06399056)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Camera and Computer
equipment fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 55,646 2,639 9,588 67,873
Additions 7,753 - 4,604 12,357
Disposals (9,209 ) (983 ) - (10,192 )
At 31 January 2024 54,190 1,656 14,192 70,038
DEPRECIATION
At 1 February 2023 45,609 2,181 8,294 56,084
Charge for year 4,726 237 2,050 7,013
Eliminated on disposal (8,873 ) (983 ) - (9,856 )
At 31 January 2024 41,462 1,435 10,344 53,241
NET BOOK VALUE
At 31 January 2024 12,728 221 3,848 16,797
At 31 January 2023 10,037 458 1,294 11,789

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors - 5,003
Other debtors 2,255 2,274
2,255 7,277

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 1,308 585
Taxation and social security 25,180 6,276
Other creditors 2,894 36,032
29,382 42,893

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.24 31.1.23
£    £   
Within one year 3,314 9,943
Between one and five years - 3,314
3,314 13,257

Richard Moran Photography Limited (Registered number: 06399056)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
R A Moran and Mrs J Moran
Balance outstanding at start of year - 5,774
Amounts repaid - (5,774 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

This loan is repayable on demand.