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Company Registration No. 10678444 (England and Wales)
Soulphotography Studios Limited Unaudited accounts for the year ended 31 March 2024
Soulphotography Studios Limited Unaudited accounts Contents
Page
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Soulphotography Studios Limited Company Information for the year ended 31 March 2024
Director
Mikesh Shah
Company Number
10678444 (England and Wales)
Registered Office
9 Alfreton Road Wigston Leicestershire LE18 1FA England
Accountants
Advanced Tax Solutions Ltd t/a Tax Made Easy Unit 24, King Street Buildings Enderby Leicester Leicestershire LE19 4NT
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Soulphotography Studios Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
34,175 
22,054 
Current assets
Debtors
21,670 
3,330 
Cash at bank and in hand
24,399 
39,273 
46,069 
42,603 
Creditors: amounts falling due within one year
(17,072)
(5,130)
Net current assets
28,997 
37,473 
Total assets less current liabilities
63,172 
59,527 
Creditors: amounts falling due after more than one year
(1,819)
(4,356)
Net assets
61,353 
55,171 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
61,253 
55,071 
Shareholders' funds
61,353 
55,171 
For the year ending 31 March 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 23 September 2024 and were signed on its behalf by
Mikesh Shah Director Company Registration No. 10678444
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Soulphotography Studios Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Soulphotography Studios Limited is a private company, limited by shares, registered in England and Wales, registration number 10678444. The registered office is 9 Alfreton Road, Wigston, Leicestershire, LE18 1FA, England.
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 as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Straight Line
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
18,179 
17,099 
10,412 
45,690 
Additions
- 
20,378 
4,987 
25,365 
At 31 March 2024
18,179 
37,477 
15,399 
71,055 
Depreciation
At 1 April 2023
12,017 
5,291 
6,328 
23,636 
Charge for the year
1,541 
8,046 
3,657 
13,244 
At 31 March 2024
13,558 
13,337 
9,985 
36,880 
Net book value
At 31 March 2024
4,621 
24,140 
5,414 
34,175 
At 31 March 2023
6,162 
11,808 
4,084 
22,054 
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Soulphotography Studios Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
20,992 
2,920 
Accrued income and prepayments
678 
410 
21,670 
3,330 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,268 
2,000 
Trade creditors
745 
612 
Taxes and social security
1,480 
1,392 
Other creditors
44 
50 
Loans from directors
11,863 
404 
Accruals
672 
672 
17,072 
5,130 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,819 
4,356 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mikesh Shah
Directors' Loan Account
404 
12,574 
1,115 
11,863 
404 
12,574 
1,115 
11,863 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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