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Registration number: 07801099

Camerawise Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Camerawise Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Camerawise Limited

(Registration number: 07801099)
Balance Sheet as at 30 April 2024

Note

30 April
2024
£

30 April
2023
£

Fixed assets

 

Tangible assets

4

80,291

98,483

Current assets

 

Debtors

5

7,952

35,526

Cash at bank and in hand

 

109,700

74,588

 

117,652

110,114

Creditors: Amounts falling due within one year

6

(50,800)

(36,740)

Net current assets

 

66,852

73,374

Total assets less current liabilities

 

147,143

171,857

Creditors: Amounts falling due after more than one year

6

(10,931)

(20,535)

Provisions for liabilities

(20,523)

(24,621)

Net assets

 

115,689

126,701

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

115,589

126,601

Shareholders' funds

 

115,689

126,701

 

Camerawise Limited

(Registration number: 07801099)
Balance Sheet as at 30 April 2024

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 January 2025 and signed on its behalf by:
 

.........................................
Mr Carl Wilson
Director

 

Camerawise Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Camerawise Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

20% on reducing balance

Furniture, fittings and equipment

20% on reducing balance

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Camerawise Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

164,602

85,915

250,517

Additions

4,078

-

4,078

Disposals

(8,369)

-

(8,369)

At 30 April 2024

160,311

85,915

246,226

Depreciation

At 1 May 2023

128,104

23,930

152,034

Charge for the year

7,626

12,397

20,023

Eliminated on disposal

(6,122)

-

(6,122)

At 30 April 2024

129,608

36,327

165,935

Carrying amount

At 30 April 2024

30,703

49,588

80,291

At 30 April 2023

36,498

61,985

98,483

5

Debtors

Current

30 April
2024
£

30 April
2023
£

Trade debtors

7,101

34,731

Other debtors

851

795

 

7,952

35,526

 

Camerawise Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Creditors

Creditors: amounts falling due within one year

30 April
2024
£

30 April
2023
£

Due within one year

 

Loans and borrowings

9,372

9,141

Trade creditors

 

1,692

320

Taxation and social security

 

9,425

16,029

Other creditors

 

30,311

11,250

 

50,800

36,740

Creditors: amounts falling due after more than one year

30 April
2024
£

30 April
2023
£

Due after one year

 

Loans and borrowings

10,931

20,535