Company Registration No. 07958724 (England and Wales)
Mark Ingram Photography Ltd
Unaudited accounts
for the year ended 29 February 2024
Mark Ingram Photography Ltd
Unaudited accounts
Contents
Mark Ingram Photography Ltd
Company Information
for the year ended 29 February 2024
Directors
M Ingram
J Wilkinson
Company Number
07958724 (England and Wales)
Registered Office
Paleys Cottage, Main Street
Langcliffe
Settle
North Yorkshire
BD24 9NF
Accountants
Pearson & Associates
Suite E, Canal Wharf
Eshton Road
Gargrave, Skipton
North Yorkshire
BD23 3SE
Mark Ingram Photography Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
18,349
22,562
Cash at bank and in hand
7,584
(9,599)
Creditors: amounts falling due within one year
(14,128)
3,470
Net current assets
9,484
10,031
Total assets less current liabilities
27,833
32,593
Creditors: amounts falling due after more than one year
(27,708)
(32,415)
Called up share capital
102
102
Profit and loss account
23
76
Shareholders' funds
125
178
For the year ending 29 February 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 17 June 2024 and were signed on its behalf by
M Ingram
Director
Company Registration No. 07958724
Mark Ingram Photography Ltd
Notes to the Accounts
for the year ended 29 February 2024
Mark Ingram Photography Ltd is a private company, limited by shares, registered in England and Wales, registration number 07958724. The registered office is Paleys Cottage, Main Street, Langcliffe, Settle, North Yorkshire, BD24 9NF.
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.
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:
Land & buildings
15% reducing balance
Plant & machinery
25% on cost
Motor vehicles
33.33% on cost
Computer equipment
25% on cost
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Mark Ingram Photography Ltd
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2023
5,822
39,261
46,976
6,184
98,243
Additions
-
694
-
658
1,352
At 29 February 2024
5,822
39,955
46,976
6,842
99,595
At 1 March 2023
1,819
32,058
36,662
5,142
75,681
Charge for the year
601
1,891
2,578
495
5,565
At 29 February 2024
2,420
33,949
39,240
5,637
81,246
At 29 February 2024
3,402
6,006
7,736
1,205
18,349
At 28 February 2023
4,003
7,203
10,314
1,042
22,562
Amounts falling due within one year
Trade debtors
11,782
16,160
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,000
5,000
Taxes and social security
12,795
11,330
Other creditors
1,401
1,687
Loans from directors
(13,444)
(27,424)
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).