Company Registration No. 12310699 (England and Wales)
West Yorkshire Cameras Limited
Unaudited accounts
for the year ended 31 March 2024
West Yorkshire Cameras Limited
Unaudited accounts
Contents
West Yorkshire Cameras Limited
Company Information
for the year ended 31 March 2024
Company Number
12310699 (England and Wales)
Registered Office
20 Leeds Grand Arcade
Leeds
LS1 6PG
England
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
West Yorkshire Cameras Limited
Statement of financial position
as at 31 March 2024
Tangible assets
9,915
2,444
Inventories
125,000
91,000
Cash at bank and in hand
34,468
101,343
Creditors: amounts falling due within one year
(147,074)
(118,070)
Net current assets
38,542
105,696
Called up share capital
1
1
Profit and loss account
48,456
108,139
Shareholders' funds
48,457
108,140
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 30 August 2024 and were signed on its behalf by
Nicholas Parker
Director
Company Registration No. 12310699
West Yorkshire Cameras Limited
Notes to the Accounts
for the year ended 31 March 2024
West Yorkshire Cameras Limited is a private company, limited by shares, registered in England and Wales, registration number 12310699. The registered office is 20 Leeds Grand Arcade , Leeds, LS1 6PG, England.
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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
Straight Line with Effective life of 4 Years
Computer equipment
Straight Line with Effective life of 3 Years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
West Yorkshire Cameras Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
1,386
1,768
3,154
Additions
8,726
1,450
10,176
At 31 March 2024
10,112
3,218
13,330
At 1 April 2023
260
450
710
Charge for the year
1,753
952
2,705
At 31 March 2024
2,013
1,402
3,415
At 31 March 2024
8,099
1,816
9,915
At 31 March 2023
1,126
1,318
2,444
Amounts falling due within one year
Accrued income and prepayments
5,892
3,557
Other debtors
20,256
27,866
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
3,685
2,025
Taxes and social security
38,906
34,103
Loans from directors
90,763
79,260
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 9 (2023: 9).