Registered number
06544207
Ashworth Photography Limited
Unaudited Filleted Accounts
31 March 2024
Ashworth Photography Limited
Registered number: 06544207
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 30,668 30,430
Current assets
Cash at bank and in hand 131,144 126,352
Creditors: amounts falling due within one year 5 (17,289) (25,919)
Net current assets 113,855 100,433
Total assets less current liabilities 144,523 130,863
Creditors: amounts falling due after more than one year 6 (21,732) (25,527)
Net assets 122,791 105,336
Capital and reserves
Called up share capital 100 100
Profit and loss account 122,691 105,236
Shareholders' funds 122,791 105,336
The directors are 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 directors acknowledge their 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.
Mr M Ashworth
Director
Approved by the board on 12 September 2024
Ashworth Photography Limited
Notes to the Accounts
for the year ended 31 March 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).
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings over 50 years
Equipment 25% reducing balance
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. No provision for deferred tax has been made since the directors are of the opinion that no liability will crystallise in the foreseeable future.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 65,723
At 31 March 2024 65,723
Amortisation
At 1 April 2023 65,723
At 31 March 2024 65,723
Net book value
At 31 March 2024 -
Goodwill has been written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Equipment Total
£ £ £
Cost
At 1 April 2023 20,728 35,280 56,008
Additions - 5,317 5,317
Disposals - (2,049) (2,049)
At 31 March 2024 20,728 38,548 59,276
Depreciation
At 1 April 2023 2,905 22,673 25,578
Charge for the year 415 4,419 4,834
On disposals - (1,804) (1,804)
At 31 March 2024 3,320 25,288 28,608
Net book value
At 31 March 2024 17,408 13,260 30,668
At 31 March 2023 17,823 12,607 30,430
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,736 3,736
Taxation and social security costs 6,613 9,545
Other creditors 6,940 12,638
17,289 25,919
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 21,732 25,527
7 Related party transactions
An outstanding loan to a connected company of £307,469 was written off in the previous year.
8 Other information
Ashworth Photography Limited is a private company limited by shares and incorporated in England. Its registered office is:
44 Isaacson Road
Burwell
Cambridge
CB25 0AF
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