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Registered number: 7425340
Picturascope Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Julie Lucas Chartered Accountant
BA ACA
Woodhouse Farm
Anson Road
Poynton
Cheshire
SK12 1TD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 7425340
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,406 6,234
4,406 6,234
CURRENT ASSETS
Debtors 5 11,266 -
Cash at bank and in hand 2,777 20,740
14,043 20,740
Creditors: Amounts Falling Due Within One Year 6 (18,445 ) (22,069 )
NET CURRENT ASSETS (LIABILITIES) (4,402 ) (1,329 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4 4,905
NET ASSETS 4 4,905
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 3 4,904
SHAREHOLDERS' FUNDS 4 4,905
Page 1
Page 2
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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Robert Pendlebury
Director
27/03/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Picturascope Limited Registered number 7425340 is a limited by shares company incorporated in England & Wales. The Registered Office is 10 Gayhurst Road, London, E8 3EH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25/33% on cost
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 December 2022 40,788
As at 30 November 2023 40,788
Depreciation
As at 1 December 2022 34,554
Provided during the period 1,828
As at 30 November 2023 36,382
Net Book Value
As at 30 November 2023 4,406
As at 1 December 2022 6,234
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Page 4
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 9,072 -
Other debtors 2,194 -
11,266 -
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 12,878 19,479
VAT 4,567 1,132
Other creditors - 458
Accruals and deferred income 1,000 1,000
18,445 22,069
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
2023 2022
£ £
Mr Robert Pendlebury 29,230 77,000
9. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 29,230 77,000
10. Ultimate Controlling Party
The company's ultimate controlling party is Robert Pendlebury by virtue of his ownership of 100% of the issued share capital in the company.
Page 4