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Company Registration No. 10172348 (England and Wales)
Howlett Photography Limited Unaudited accounts for the year ended 31 May 2024
Howlett Photography Limited Unaudited accounts Contents
Page
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Howlett Photography Limited Company Information for the year ended 31 May 2024
Director
Christopher Howlett
Company Number
10172348 (England and Wales)
Registered Office
6 Harry Day Mews London SE27 9AR
Accountants
MIB Accountants Limited Kingfisher House 21-23 Elmfield Road Bromley Kent BR1 1LT
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Howlett Photography Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
52,299 
53,762 
Current assets
Debtors
12,644 
35,976 
Cash at bank and in hand
47,017 
45,745 
59,661 
81,721 
Creditors: amounts falling due within one year
(10,596)
(20,786)
Net current assets
49,065 
60,935 
Net assets
101,364 
114,697 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
101,264 
114,597 
Shareholders' funds
101,364 
114,697 
For the year ending 31 May 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 25 September 2024 and were signed on its behalf by
Christopher Howlett Director Company Registration No. 10172348
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Howlett Photography Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Howlett Photography Limited is a private company, limited by shares, registered in England and Wales, registration number 10172348. The registered office is 6 Harry Day Mews, London, SE27 9AR.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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% straight line
Motor vehicles
25% straight line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Taxation
The tax is payable on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss accounts because it excludes items of income and expenditure that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Howlett Photography Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
82,260 
32,850 
- 
115,110 
Additions
25,589 
- 
630 
26,219 
Disposals
(20,349)
- 
- 
(20,349)
At 31 May 2024
87,500 
32,850 
630 
120,980 
Depreciation
At 1 June 2023
53,136 
8,212 
- 
61,348 
Charge for the year
16,703 
8,212 
158 
25,073 
On disposals
(17,740)
- 
- 
(17,740)
At 31 May 2024
52,099 
16,424 
158 
68,681 
Net book value
At 31 May 2024
35,401 
16,426 
472 
52,299 
At 31 May 2023
29,124 
24,638 
- 
53,762 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,644 
35,976 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
7,944 
18,005 
Other creditors
2,652 
2,781 
10,596 
20,786 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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