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REGISTERED NUMBER: 04731146 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

JP PHOTOGRAPHIC LIMITED

JP PHOTOGRAPHIC LIMITED (REGISTERED NUMBER: 04731146)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JP PHOTOGRAPHIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: S J Pert
Mrs C E Pert





SECRETARY: Mrs C E Pert





REGISTERED OFFICE: 29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU





REGISTERED NUMBER: 04731146 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

JP PHOTOGRAPHIC LIMITED (REGISTERED NUMBER: 04731146)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 58,048 70,329
Investment property 6 264,997 -
323,045 70,329

CURRENT ASSETS
Stocks 7 71,600 71,000
Debtors 8 20,088 18,731
Cash at bank 668,910 783,076
760,598 872,807
CREDITORS
Amounts falling due within one year 9 110,818 82,360
NET CURRENT ASSETS 649,780 790,447
TOTAL ASSETS LESS CURRENT
LIABILITIES

972,825

860,776

PROVISIONS FOR LIABILITIES 11 13,197 15,978
NET ASSETS 959,628 844,798

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 959,528 844,698
SHAREHOLDERS' FUNDS 959,628 844,798

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.

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 26 January 2025 and were signed on its behalf by:




S J Pert - Director


JP PHOTOGRAPHIC LIMITED (REGISTERED NUMBER: 04731146)

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


1. STATUTORY INFORMATION

JP Photographic 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, 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 & machinery - 25% on reducing balance
Furniture,fittings & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.

JP PHOTOGRAPHIC LIMITED (REGISTERED NUMBER: 04731146)

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


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 113,000
AMORTISATION
At 1 May 2023
and 30 April 2024 113,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant & Furniture,fittings
property machinery & equipment
£    £    £   
COST
At 1 May 2023 12,752 190,608 7,843
Additions - 3,959 -
At 30 April 2024 12,752 194,567 7,843
DEPRECIATION
At 1 May 2023 512 176,496 7,582
Charge for year 510 4,517 62
At 30 April 2024 1,022 181,013 7,644
NET BOOK VALUE
At 30 April 2024 11,730 13,554 199
At 30 April 2023 12,240 14,112 261

JP PHOTOGRAPHIC LIMITED (REGISTERED NUMBER: 04731146)

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


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 63,026 39,591 313,820
Additions - 416 4,375
At 30 April 2024 63,026 40,007 318,195
DEPRECIATION
At 1 May 2023 20,162 38,739 243,491
Charge for year 10,716 851 16,656
At 30 April 2024 30,878 39,590 260,147
NET BOOK VALUE
At 30 April 2024 32,148 417 58,048
At 30 April 2023 42,864 852 70,329

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 264,997
At 30 April 2024 264,997
NET BOOK VALUE
At 30 April 2024 264,997

Investment property was valued on an open market basis on 30 April 2024 by the directors.

7. STOCKS
2024 2023
£    £   
Stocks 71,600 71,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 953 1,259
Other debtors 7,084 11,312
Directors' current accounts 31 356
VAT 9,868 1,259
Prepayments 2,152 4,545
20,088 18,731

JP PHOTOGRAPHIC LIMITED (REGISTERED NUMBER: 04731146)

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


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,787 907
Tax 78,075 62,911
PAYE 2,512 638
Other creditors 18,008 14,416
Directors' current accounts 586 1,635
Accrued expenses 1,850 1,853
110,818 82,360

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 18,611 5,111
Between one and five years 31,541 19,805
In more than five years - 2,063
50,152 26,979

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 13,197 15,978

Deferred
tax
£   
Balance at 1 May 2023 15,978
Provided during year (2,781 )
Balance at 30 April 2024 13,197