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NEST PHOTOGRAPHY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






NEST PHOTOGRAPHY LIMITED (REGISTERED NUMBER: 11330712)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEST PHOTOGRAPHY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: B Walmsley
Miss A L Melling





REGISTERED OFFICE: 192d Huddersfield Road
Mirfield
West Yorkshire
WF14 8AT





REGISTERED NUMBER: 11330712 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

NEST PHOTOGRAPHY LIMITED (REGISTERED NUMBER: 11330712)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 7,000 7,500
Tangible assets 6 8,346 8,673
15,346 16,173

CURRENT ASSETS
Stocks 11,900 12,050
Debtors 7 33,546 39,180
Cash at bank and in hand 76,085 74,681
121,531 125,911
CREDITORS
Amounts falling due within one year 8 48,384 51,543
NET CURRENT ASSETS 73,147 74,368
TOTAL ASSETS LESS CURRENT LIABILITIES 88,493 90,541

CREDITORS
Amounts falling due after more than one
year

9

(70,907

)

(88,962

)

PROVISIONS FOR LIABILITIES 10 (1,247 ) (1,211 )
NET ASSETS 16,339 368

CAPITAL AND RESERVES
Called up share capital 11 4 4
Retained earnings 16,335 364
SHAREHOLDERS' FUNDS 16,339 368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

NEST PHOTOGRAPHY LIMITED (REGISTERED NUMBER: 11330712)

BALANCE SHEET - continued
30 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





B Walmsley - Director


NEST PHOTOGRAPHY LIMITED (REGISTERED NUMBER: 11330712)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Nest Photography 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.

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

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


NEST PHOTOGRAPHY LIMITED (REGISTERED NUMBER: 11330712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES

The average number of employees during the year was 3 (2023 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 10,000
AMORTISATION
At 1 May 2023 2,500
Amortisation for year 500
At 30 April 2024 3,000
NET BOOK VALUE
At 30 April 2024 7,000
At 30 April 2023 7,500

NEST PHOTOGRAPHY LIMITED (REGISTERED NUMBER: 11330712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 - 20,119 304 20,423
Additions 325 - 1,832 2,157
At 30 April 2024 325 20,119 2,136 22,580
DEPRECIATION
At 1 May 2023 - 11,670 80 11,750
Charge for year 81 1,690 713 2,484
At 30 April 2024 81 13,360 793 14,234
NET BOOK VALUE
At 30 April 2024 244 6,759 1,343 8,346
At 30 April 2023 - 8,449 224 8,673

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 32,930 35,317
Other debtors - 3,863
Prepayments 616 -
33,546 39,180

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 15,434 15,257
Trade creditors 5,794 1,550
Tax 10,036 17,912
Social security and other taxes 267 186
VAT 8,731 8,411
Other creditors 6,165 5,937
Directors' current accounts 192 10
Accrued expenses 1,765 2,280
48,384 51,543

Loans from directors are interest free and repayable on demand.

NEST PHOTOGRAPHY LIMITED (REGISTERED NUMBER: 11330712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 15,332 16,962
Bank loans - 2-5 years 49,412 48,492
Bank loans more 5 yr by instal 6,163 23,508
70,907 88,962

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,163 23,508

10. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 1,247 1,211

Deferred
tax
£   
Balance at 1 May 2023 1,211
Accelerated capital allowances 36
Balance at 30 April 2024 1,247

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
3 Ordinary £1 3 3
1 A Ordinary £1 1 1
4 4