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Registered number: 4133575
Photomec (Holdings) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Graver & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 4133575
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 104,151 104,201
104,151 104,201
CURRENT ASSETS
Debtors 6 55,930 771
Investments 7 2,564,228 2,461,059
Cash at bank and in hand 109,575 181,369
2,729,733 2,643,199
Creditors: Amounts Falling Due Within One Year 8 (2,093 ) (5,728 )
NET CURRENT ASSETS (LIABILITIES) 2,727,640 2,637,471
TOTAL ASSETS LESS CURRENT LIABILITIES 2,831,791 2,741,672
Creditors: Amounts Falling Due After More Than One Year 9 (113,593 ) (114,624 )
NET ASSETS 2,718,198 2,627,048
CAPITAL AND RESERVES
Called up share capital 10 96,600 96,600
Revaluation reserve 12 277,977 207,419
Profit and Loss Account 2,343,621 2,323,029
SHAREHOLDERS' FUNDS 2,718,198 2,627,048
Page 1
Page 2
For the year ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Joan Wright
Director
Mr David Wright
Director
Mr David Wright
Director
Mr Andrew Wright
Director
20th September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Photomec (Holdings) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 4133575 . The registered office is 12 Station New Road, Brundall, Norfolk, NR13 5PQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold NIL
Computer Equipment 25% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 4 2
4 2
4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 104,000 809 104,809
As at 31 December 2023 104,000 809 104,809
Depreciation
As at 1 January 2023 - 608 608
Provided during the period - 50 50
As at 31 December 2023 - 658 658
Net Book Value
As at 31 December 2023 104,000 151 104,151
As at 1 January 2023 104,000 201 104,201
Page 3
Page 4
5. Investments
Fixed Asset Investments
Shares in group
undertakings and participating interests
£
Cost
At 1st January 2023 & at 31st December 2023 96,600
Net Book Value
At 31st December 2022 96,600
At 31st December 2023 96,600
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company Country of registration Class Shares Held % or incorporation 
Subsidary undertakings
Photomec (London) Limited UK Ordinary 100.00
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 841 771
Other debtors 1,463 -
2,304 771
Due after more than one year
Directors loan account 53,626 -
55,930 771
7. Current Asset Investments
2023 2022
£ £
Listed investments 2,467,628 2,364,459
Unlisted investments 96,600 96,600
2,564,228 2,461,059
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,258 4,963
Credit Card 835 765
2,093 5,728
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 93,948 93,961
Directors loan account 19,645 20,663
113,593 114,624
10. Share Capital
2023 2022
Allotted, called up and fully paid £ £
96,600 Ordinary Shares of £ 1.000 each 96,600 96,600
11. Dividends
12. Reserves
Revaluation Reserve
£
As at 1 January 2023 207,419
Transfer to profit and loss 70,558
As at 31 December 2023 277,977
13. Ultimate Controlling Party
The company's ultimate controlling party is Mr David Wright by virtue of his ownership of 100% of the issued share capital in the company.
Page 5