Company Registration No. 08789394 (England and Wales)
Steven Stringer Photography Ltd
Unaudited accounts
for the year ended 30 November 2023
Steven Stringer Photography Ltd
Unaudited accounts
Contents
Steven Stringer Photography Ltd
Company Information
for the year ended 30 November 2023
Company Number
08789394 (England and Wales)
Registered Office
50 Lowcay Road
Southsea
PO5 2QB
Accountants
Lane Accounting Limited
Denmark House, 143 High St,
Chalfont St Peter,
Gerrards Cross
Buckinghamshire
SL9 9QL
Steven Stringer Photography Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
31,157
34,559
Cash at bank and in hand
14,889
14,036
Creditors: amounts falling due within one year
(49,969)
(46,486)
Net current liabilities
(29,680)
(30,900)
Called up share capital
1
1
Profit and loss account
1,476
3,658
Shareholders' funds
1,477
3,659
For the year ending 30 November 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 June 2024 and were signed on its behalf by
Steven Stringer
Director
Company Registration No. 08789394
Steven Stringer Photography Ltd
Notes to the Accounts
for the year ended 30 November 2023
Steven Stringer Photography Ltd is a private company, limited by shares, registered in England and Wales, registration number 08789394. The registered office is 50 Lowcay Road, Southsea, PO5 2QB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% per annum reducing balance
Fixtures & fittings
20% per annum reducing balance
Computer equipment
20% per annum reducing balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
61,596
2,996
55,272
119,864
At 30 November 2023
61,596
2,996
58,782
123,374
At 1 December 2022
45,499
2,412
37,394
85,305
Charge for the year
3,219
117
3,576
6,912
At 30 November 2023
48,718
2,529
40,970
92,217
At 30 November 2023
12,878
467
17,812
31,157
At 30 November 2022
16,097
584
17,878
34,559
Steven Stringer Photography Ltd
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,465
3,063
Taxes and social security
3,587
1,703
Loans from directors
43,702
40,505
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
At 30 November 2022, S Stringer was owed £40,505 by the company (2021 - £29,838) This was an interest bearing loan which
is repayable on demand. During the year £1,194 interest was charged to the company.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).