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REGISTERED NUMBER: 01543471 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Photographic Hire (David French) Limited

Photographic Hire (David French) Limited (Registered number: 01543471)






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


Photographic Hire (David French) Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: D A French
Mrs H E French





SECRETARY: Mrs H E French





REGISTERED OFFICE: 1st Floor Cromwell House
14 Fulwood Place
London
WC1V 6HZ





REGISTERED NUMBER: 01543471 (England and Wales)





ACCOUNTANTS: Gorrie Whitson Limited
1st Floor, Cromwell House
14 Fulwood Place
London
WC1V 6HZ

Photographic Hire (David French) Limited (Registered number: 01543471)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 263,645 270,688
Investments 5 100 100
263,745 270,788

CURRENT ASSETS
Debtors 6 27,478 47,361
Cash at bank and in hand 501,503 471,325
528,981 518,686
CREDITORS
Amounts falling due within one year 7 92,361 90,661
NET CURRENT ASSETS 436,620 428,025
TOTAL ASSETS LESS CURRENT
LIABILITIES

700,365

698,813

PROVISIONS FOR LIABILITIES 49,343 50,598
NET ASSETS 651,022 648,215

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 50 50
Retained earnings 650,872 648,065
SHAREHOLDERS' FUNDS 651,022 648,215

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.

Photographic Hire (David French) Limited (Registered number: 01543471)

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 September 2024 and were signed on its behalf by:





D A French - Director


Photographic Hire (David French) Limited (Registered number: 01543471)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Photographic Hire (David French) Limited 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 10% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

Photographic Hire (David French) Limited (Registered number: 01543471)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 13,658 16,527 82,191
Additions - - 3,488
At 31 March 2024 13,658 16,527 85,679
DEPRECIATION
At 1 April 2023 9,275 14,784 44,916
Charge for year 438 261 6,114
At 31 March 2024 9,713 15,045 51,030
NET BOOK VALUE
At 31 March 2024 3,945 1,482 34,649
At 31 March 2023 4,383 1,743 37,275

Motor Hire
vehicles stock Totals
£    £    £   
COST
At 1 April 2023 33,521 866,279 1,012,176
Additions - 34,623 38,111
At 31 March 2024 33,521 900,902 1,050,287
DEPRECIATION
At 1 April 2023 5,028 667,485 741,488
Charge for year 4,274 34,067 45,154
At 31 March 2024 9,302 701,552 786,642
NET BOOK VALUE
At 31 March 2024 24,219 199,350 263,645
At 31 March 2023 28,493 198,794 270,688

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 March 2023 100

Photographic Hire (David French) Limited (Registered number: 01543471)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 5,881 10,267
Other debtors 21,597 37,094
27,478 47,361

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 3,805 7,266
Taxation and social security 13,046 3,985
Other creditors 75,510 79,410
92,361 90,661

8. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling parties is Mr D A French and Mrs H E French.