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REGISTERED NUMBER: 11993631 (England and Wales)















FURNESS DIGITAL PHOTOGRAPHY LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






FURNESS DIGITAL PHOTOGRAPHY LTD (REGISTERED NUMBER: 11993631)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FURNESS DIGITAL PHOTOGRAPHY LTD

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: D Furness
C Furness





REGISTERED OFFICE: 6 Brookroyd Gardens
Batley
West Yorkshire
WF17 0ER





REGISTERED NUMBER: 11993631 (England and Wales)





ACCOUNTANTS: SMH Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

FURNESS DIGITAL PHOTOGRAPHY LTD (REGISTERED NUMBER: 11993631)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 884 2,234

CURRENT ASSETS
Debtors 5 19,784 16,075
Cash at bank 4,191 11,675
23,975 27,750
CREDITORS
Amounts falling due within one year 6 (21,232 ) (18,710 )
NET CURRENT ASSETS 2,743 9,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,627

11,274

CREDITORS
Amounts falling due after more than one year 7 (6,658 ) (9,075 )

PROVISIONS FOR LIABILITIES 8 (168 ) (424 )
NET (LIABILITIES)/ASSETS (3,199 ) 1,775

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (3,201 ) 1,773
SHAREHOLDERS' FUNDS (3,199 ) 1,775

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FURNESS DIGITAL PHOTOGRAPHY LTD (REGISTERED NUMBER: 11993631)

BALANCE SHEET - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:




D Furness - Director



C Furness - Director


FURNESS DIGITAL PHOTOGRAPHY LTD (REGISTERED NUMBER: 11993631)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Furness Digital Photography Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the invoiced value of services provided during the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors, and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event accruing after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

FURNESS DIGITAL PHOTOGRAPHY LTD (REGISTERED NUMBER: 11993631)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 318 7,431 7,749
DEPRECIATION
At 1 April 2023 48 5,467 5,515
Charge for year 40 1,310 1,350
At 31 March 2024 88 6,777 6,865
NET BOOK VALUE
At 31 March 2024 230 654 884
At 31 March 2023 270 1,964 2,234

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,784 16,075

FURNESS DIGITAL PHOTOGRAPHY LTD (REGISTERED NUMBER: 11993631)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 732 1,017
Other creditors 20,500 17,693
21,232 18,710

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 6,658 9,075

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 168 424

Deferred
tax
£   
Balance at 1 April 2023 424
Utilised during year (256 )
Balance at 31 March 2024 168

9. RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £473 (2023: £3,785) were outstanding at the year end, the amounts are repayable on demand.

10. GOING CONCERN

The business is dependant on the continuing support of the directors.