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
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
Howlett Photography Limited
Statement of financial position
as at 31 May 2024
Tangible assets
52,299
53,762
Cash at bank and in hand
47,017
45,745
Creditors: amounts falling due within one year
(10,596)
(20,786)
Net current assets
49,065
60,935
Net assets
101,364
114,697
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
Howlett Photography Limited
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
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.
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
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.
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 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.
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
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
At 31 May 2024
35,401
16,426
472
52,299
At 31 May 2023
29,124
24,638
-
53,762
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
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).