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REGISTERED NUMBER: 13427431 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

ALLIANCE PHOTOGRAPHY STUDIOS LTD

ALLIANCE PHOTOGRAPHY STUDIOS LTD (REGISTERED NUMBER: 13427431)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALLIANCE PHOTOGRAPHY STUDIOS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







Director: Mr W A Williams





Registered office: 8 Hedge End Business Centre
Botley Road
Hedge End
Southampton
Hampshire
SO30 2AU





Registered number: 13427431 (England and Wales)





Accountants: M Squared Accounting Ltd
Botley Mills
Mill Hill
Botley
Southampton
Hampshire
SO30 2GB

ALLIANCE PHOTOGRAPHY STUDIOS LTD (REGISTERED NUMBER: 13427431)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 14,000 16,000
Tangible assets 5 24,124 21,340
38,124 37,340

Current assets
Debtors 6 8,305 9,621
Cash at bank 21,888 11,664
30,193 21,285
Creditors
Amounts falling due within one year 7 57,859 49,043
Net current liabilities (27,666 ) (27,758 )
Total assets less current liabilities 10,458 9,582

Capital and reserves
Called up share capital 100 100
Retained earnings 10,358 9,482
10,458 9,582

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ALLIANCE PHOTOGRAPHY STUDIOS LTD (REGISTERED NUMBER: 13427431)

BALANCE SHEET - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 August 2024 and were signed by:





Mr W A Williams - Director


ALLIANCE PHOTOGRAPHY STUDIOS LTD (REGISTERED NUMBER: 13427431)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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

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.

ALLIANCE PHOTOGRAPHY STUDIOS LTD (REGISTERED NUMBER: 13427431)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

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 5 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 20,000
AMORTISATION
At 1 June 2023 4,000
Charge for year 2,000
At 31 May 2024 6,000
NET BOOK VALUE
At 31 May 2024 14,000
At 31 May 2023 16,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 - 19,492 4,136 23,628
Additions 589 3,650 1,844 6,083
At 31 May 2024 589 23,142 5,980 29,711
DEPRECIATION
At 1 June 2023 - 722 1,566 2,288
Charge for year 147 1,178 1,974 3,299
At 31 May 2024 147 1,900 3,540 5,587
NET BOOK VALUE
At 31 May 2024 442 21,242 2,440 24,124
At 31 May 2023 - 18,770 2,570 21,340

ALLIANCE PHOTOGRAPHY STUDIOS LTD (REGISTERED NUMBER: 13427431)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,069 4,287
Prepayments 2,236 5,334
8,305 9,621

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,248 207
Tax 117 -
Social security and other taxes 145 283
VAT 9,632 6,791
Other creditors 32,786 32,987
Credit Card 6,182 1,117
Directors' current accounts 5,404 6,166
Accrued expenses 2,345 1,492
57,859 49,043