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REGISTERED NUMBER: 08261976 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

M. E. Photo Limited

M. E. Photo Limited (Registered number: 08261976)






Contents of the Financial Statements
for the year ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M. E. Photo Limited

Company Information
for the year ended 31 October 2023







DIRECTOR: Mrs M E Graham





REGISTERED OFFICE: 10-11 Heathfield Terrace
London
W4 4JE





REGISTERED NUMBER: 08261976 (England and Wales)





ACCOUNTANTS: WILSHERS DEJ
10-11 Heathfield Terrace
London
W4 4JE

M. E. Photo Limited (Registered number: 08261976)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,828 1,287

CURRENT ASSETS
Debtors 5 168 87
Cash at bank 12,173 31,508
12,341 31,595
CREDITORS
Amounts falling due within one year 6 70,502 41,563
NET CURRENT LIABILITIES (58,161 ) (9,968 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,333

)

(8,681

)

CREDITORS
Amounts falling due after more than one
year

7

15,578

-
NET LIABILITIES (27,911 ) (8,681 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (27,912 ) (8,682 )
SHAREHOLDERS' FUNDS (27,911 ) (8,681 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

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 her 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.

M. E. Photo Limited (Registered number: 08261976)

Balance Sheet - continued
31 October 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





Mrs M E Graham - Director


M. E. Photo Limited (Registered number: 08261976)

Notes to the Financial Statements
for the year ended 31 October 2023

1. STATUTORY INFORMATION

M. E. Photo 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.

These Accounts have been prepared on the going concern basis which is dependent on the director's continued support.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Computer equipment - 33% on cost

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

M. E. Photo Limited (Registered number: 08261976)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2022 95,699 5,603 101,302
Additions 61,104 - 61,104
At 31 October 2023 156,803 5,603 162,406
DEPRECIATION
At 1 November 2022 94,412 5,603 100,015
Charge for year 16,563 - 16,563
At 31 October 2023 110,975 5,603 116,578
NET BOOK VALUE
At 31 October 2023 45,828 - 45,828
At 31 October 2022 1,287 - 1,287

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 52,675
At 31 October 2023 52,675
NET BOOK VALUE
At 31 October 2023 52,675

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 168 87

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 26,506 -
Other creditors 43,996 41,563
70,502 41,563

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 15,578 -