Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-312022-09-01falseNo description of principal activity109falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08161608 2022-09-01 2023-08-31 08161608 2021-09-01 2022-08-31 08161608 2023-08-31 08161608 2022-08-31 08161608 c:Director1 2022-09-01 2023-08-31 08161608 d:PlantMachinery 2022-09-01 2023-08-31 08161608 d:PlantMachinery 2023-08-31 08161608 d:PlantMachinery 2022-08-31 08161608 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 08161608 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-31 08161608 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-08-31 08161608 d:CurrentFinancialInstruments 2023-08-31 08161608 d:CurrentFinancialInstruments 2022-08-31 08161608 d:Non-currentFinancialInstruments 2023-08-31 08161608 d:Non-currentFinancialInstruments 2022-08-31 08161608 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 08161608 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 08161608 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 08161608 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 08161608 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 08161608 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-08-31 08161608 d:ShareCapital 2023-08-31 08161608 d:ShareCapital 2022-08-31 08161608 d:RetainedEarningsAccumulatedLosses 2023-08-31 08161608 d:RetainedEarningsAccumulatedLosses 2022-08-31 08161608 c:FRS102 2022-09-01 2023-08-31 08161608 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 08161608 c:FullAccounts 2022-09-01 2023-08-31 08161608 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 08161608 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure
Company registration number: 08161608







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2023


FRESH PHOTO HOUSE LIMITED






































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FRESH PHOTO HOUSE LIMITED
REGISTERED NUMBER:08161608



STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
19,040
21,420

Tangible assets
 5 
8,385
5,451

  
27,425
26,871

Current assets
  

Debtors: amounts falling due within one year
 6 
89,181
94,928

Cash at bank and in hand
  
71,283
63,435

  
160,464
158,363

Creditors: amounts falling due within one year
 7 
(139,515)
(90,166)

Net current assets
  
 
 
20,949
 
 
68,197

Total assets less current liabilities
  
48,374
95,068

Creditors: amounts falling due after more than one year
  
(20,016)
(32,824)

  

Net assets
  
28,358
62,244


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
28,158
62,044

  
28,358
62,244


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M F R Pattison
Page 1

 


FRESH PHOTO HOUSE LIMITED
REGISTERED NUMBER:08161608


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2023

Director

Date: 16 April 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


FRESH PHOTO HOUSE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Fresh Photo House 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.
The presentation currency of the financial statements is the Pound Sterling (£). 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 3

 


FRESH PHOTO HOUSE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

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

Page 4

 


FRESH PHOTO HOUSE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 - 9).


4.


Intangible assets




Development expenditure

£



Cost


At 1 September 2022
23,800



At 31 August 2023

23,800



Amortisation


At 1 September 2022
2,380


Charge for the year on owned assets
2,380



At 31 August 2023

4,760



Net book value



At 31 August 2023
19,040



At 31 August 2022
21,420



Page 5

 


FRESH PHOTO HOUSE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 September 2022
11,993


Additions
5,031



At 31 August 2023

17,024



Depreciation


At 1 September 2022
6,542


Charge for the year on owned assets
2,097



At 31 August 2023

8,639



Net book value



At 31 August 2023
8,385



At 31 August 2022
5,451


6.


Debtors

2023
2022
£
£


Trade debtors
89,081
94,828

Other debtors
100
100

89,181
94,928


Page 6

 


FRESH PHOTO HOUSE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
12,508
12,508

Trade creditors
18,904
20,467

Corporation tax
14,607
5,828

Other taxation and social security
50,419
43,630

Other creditors
7,353
1,713

Accruals and deferred income
35,724
6,020

139,515
90,166



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
20,016
32,824

20,016
32,824



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
12,508
12,508


12,508
12,508

Amounts falling due 1-2 years

Bank loans
20,016
32,824


20,016
32,824



32,524
45,332



10.


Related party transactions

Included within creditors due within one year are amounts due by the directors amounting to £1,898 (2022 - £750)

 
Page 7