Registered number
04625944
Zownir Photography Limited
Filleted Accounts
31 December 2023
Zownir Photography Limited
Registered number: 04625944
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4,000 5,000
Current assets
Debtors 4 94,476 337
Cash at bank and in hand 39,938 59,483
134,414 59,820
Creditors: amounts falling due within one year 5 (51,366) (21,194)
Net current assets 83,048 38,626
Total assets less current liabilities 87,048 43,626
Provisions for liabilities (2,223) (2,223)
Net assets 84,825 41,403
Capital and reserves
Called up share capital 200 200
Profit and loss account 84,625 41,203
Shareholders' funds 84,825 41,403
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P. Zownir
Director
Approved by the board on 28 March 2024
Zownir Photography Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 62,726
At 31 December 2023 62,726
Depreciation
At 1 January 2023 57,726
Charge for the year 1,000
At 31 December 2023 58,726
Net book value
At 31 December 2023 4,000
At 31 December 2022 5,000
4 Debtors 2023 2022
£ £
Trade debtors 38,981 -
Other debtors 55,495 337
94,476 337
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 3,553 3,529
Taxation and social security costs 33,981 16,642
Other creditors 13,832 1,023
51,366 21,194
6 Loans to directors
Description and conditions B/fwd Introduced Withdrawn C/fwd
£ £ £ £
P. Zownir
Amount due to the company at the balance sheet date (1,023) 37,804 36,781
(1,023) - 37,804 36,781
7 Controlling party
The company is controlled by the director Mr P. Zownir and Mrs. M. Zownir, who are the shareholders.
8 Other information
Zownir Photography Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Accommodation Road
London
NW11 8ED
Zownir Photography Limited 04625944 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts July 2024 P. Zownir No description of principal activity 04625944 2022-01-01 2022-12-31 04625944 core:WithinOneYear 2022-12-31 04625944 core:ShareCapital 2022-12-31 04625944 core:RetainedEarningsAccumulatedLosses 2022-12-31 04625944 2023-01-01 2023-12-31 04625944 bus:EntityNoLongerTradingButTradedInPast 2023-01-01 2023-12-31 04625944 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04625944 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04625944 bus:Director40 2023-01-01 2023-12-31 04625944 1 2023-01-01 2023-12-31 04625944 2 2023-01-01 2023-12-31 04625944 core:PlantMachinery 2023-01-01 2023-12-31 04625944 bus:Director1 2023-01-01 2023-12-31 04625944 bus:Director1 1 2023-01-01 2023-12-31 04625944 countries:England 2023-01-01 2023-12-31 04625944 bus:FRS102 2023-01-01 2023-12-31 04625944 bus:FilletedAccounts 2023-01-01 2023-12-31 04625944 2023-12-31 04625944 core:WithinOneYear 2023-12-31 04625944 core:ShareCapital 2023-12-31 04625944 core:RetainedEarningsAccumulatedLosses 2023-12-31 04625944 core:PlantMachinery 2023-12-31 04625944 bus:Director1 1 2023-12-31 04625944 2022-12-31 04625944 core:PlantMachinery 2022-12-31 04625944 bus:Director1 1 2022-12-31 iso4217:GBP xbrli:pure