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
Pictureframes Of Shaftesbury Ltd
Company Information
for the year ended 30 November 2023
Directors
Hope Elletson
Caroline Mary Elletson
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
Pictureframes Of Shaftesbury Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
15,399
22,626
Cash at bank and in hand
64,962
63,724
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)
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
Pictureframes Of Shaftesbury Ltd
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Goodwill
At 30 November 2023
20,000
At 30 November 2023
20,000
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
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
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
Amounts falling due within one year
Trade debtors
21,017
28,702
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Creditors: amounts falling due within one year
2023
2022
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
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 12 (2022: 10).