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Company Registration No. 08759682 (England and Wales)
Pictureframes Of Shaftesbury Ltd Unaudited accounts for the year ended 30 November 2023
Pictureframes Of Shaftesbury Ltd Unaudited accounts Contents
Page
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Pictureframes Of Shaftesbury Ltd Company Information for the year ended 30 November 2023
Directors
Hope Elletson Caroline Mary Elletson
Secretary
Prime Entry Ltd
Company Number
08759682 (England and Wales)
Registered Office
22d Wincombe Business Park Shaftesbury SP7 9QJ
Accountants
Prime Entry Ltd The Office Rose Cottage Cole Street Lane Gillingham Dorset SP8 5JQ
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Pictureframes Of Shaftesbury Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
2,000 
Tangible assets
15,399 
22,626 
15,399 
24,626 
Current assets
Inventories
63,585 
42,000 
Debtors
21,017 
28,702 
Cash at bank and in hand
64,962 
63,724 
149,564 
134,426 
Creditors: amounts falling due within one year
(69,182)
(67,852)
Net current assets
80,382 
66,574 
Total assets less current liabilities
95,781 
91,200 
Creditors: amounts falling due after more than one year
(33,770)
(43,791)
Net assets
62,011 
47,409 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
61,911 
47,309 
Shareholders' funds
62,011 
47,409 
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 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 19 March 2024 and were signed on its behalf by
Hope Elletson Director Company Registration No. 08759682
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Pictureframes Of Shaftesbury Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Pictureframes Of Shaftesbury Ltd is a private company, limited by shares, registered in England and Wales, registration number 08759682. The registered office is 22d Wincombe Business Park, , Shaftesbury, SP7 9QJ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2022
20,000 
At 30 November 2023
20,000 
Amortisation
At 1 December 2022
18,000 
Charge for the year
2,000 
At 30 November 2023
20,000 
Net book value
At 30 November 2023
- 
At 30 November 2022
2,000 
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Pictureframes Of Shaftesbury Ltd Notes to the Accounts for the year ended 30 November 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 December 2022
32,010 
25,955 
7,415 
69,382 
134,762 
At 30 November 2023
32,010 
25,955 
7,415 
69,382 
134,762 
Depreciation
At 1 December 2022
15,649 
21,480 
6,675 
68,332 
112,136 
Charge for the year
4,769 
1,624 
185 
649 
7,227 
At 30 November 2023
20,418 
23,104 
6,860 
68,981 
119,363 
Net book value
At 30 November 2023
11,592 
2,851 
555 
401 
15,399 
At 30 November 2022
16,361 
4,475 
740 
1,050 
22,626 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
21,017 
28,702 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
23,174 
22,282 
Obligations under finance leases and hire purchase contracts
3,469 
6,673 
Trade creditors
15,687 
17,655 
Taxes and social security
21,106 
13,655 
Other creditors
4,932 
5,243 
Loans from directors
814 
2,344 
69,182 
67,852 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
33,770 
43,791 
9
Average number of employees
During the year the average number of employees was 12 (2022: 10).
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