Registered number
10734580
Thistle Photo Ltd
Filleted Accounts
30 June 2024
Thistle Photo Ltd
Registered number: 10734580
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 19,030 19,954
Current assets
Debtors 4 84,324 25,006
Cash at bank and in hand 283,776 201,733
368,100 226,739
Creditors: amounts falling due within one year 5 (81,564) (34,109)
Net current assets 286,536 192,630
Total assets less current liabilities 305,566 212,584
Provisions for liabilities (4,175) (3,251)
Net assets 301,391 209,333
Capital and reserves
Called up share capital 1 1
Profit and loss account 301,390 209,332
Shareholder's funds 301,391 209,333
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 member has 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.
S Thistle
Director
Approved by the board on 30 September 2024
Thistle Photo Ltd
Notes to the Accounts
for the year ended 30 June 2024
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.
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 evenly over its expected useful life, as follows:
Plant and equipment 25% reducing balance basis
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. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and equipment
£
Cost
At 1 July 2023 47,725
Additions 5,420
At 30 June 2024 53,145
Depreciation
At 1 July 2023 27,771
Charge for the year 6,344
At 30 June 2024 34,115
Net book value
At 30 June 2024 19,030
At 30 June 2023 19,954
4 Debtors 2024 2023
£ £
Trade debtors 84,324 25,006
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,885 2,475
Director's current account 7,103 2,307
Taxation and social security costs 71,576 29,327
81,564 34,109
6 Controlling party
The company is controlled by S. Thistle.
7 Other information
Thistle Photo Ltd is a private company limited by shares and incorporated in England. Its registered office is:
47 South View Road
Loughton
Essex
IG10 3LQ
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