15 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 11,171 2,048 2,048 4,096 7,075 9,123 5,901 5,901 5,901 xbrli:pure xbrli:shares iso4217:GBP 07806271 2023-04-01 2024-03-31 07806271 2024-03-31 07806271 2023-03-31 07806271 2022-04-01 2023-03-31 07806271 2023-03-31 07806271 2022-03-31 07806271 core:NetGoodwill 2023-04-01 2024-03-31 07806271 core:MotorVehicles 2023-04-01 2024-03-31 07806271 bus:Director3 2023-04-01 2024-03-31 07806271 core:NetGoodwill 2023-03-31 07806271 core:NetGoodwill 2024-03-31 07806271 core:FurnitureFittings 2023-03-31 07806271 core:FurnitureFittings 2024-03-31 07806271 core:MotorVehicles 2024-03-31 07806271 core:FurnitureFittings 2023-04-01 2024-03-31 07806271 core:WithinOneYear 2024-03-31 07806271 core:WithinOneYear 2023-03-31 07806271 core:AfterOneYear 2024-03-31 07806271 core:AfterOneYear 2023-03-31 07806271 core:ShareCapital 2024-03-31 07806271 core:ShareCapital 2023-03-31 07806271 core:SharePremium 2024-03-31 07806271 core:SharePremium 2023-03-31 07806271 core:RetainedEarningsAccumulatedLosses 2024-03-31 07806271 core:RetainedEarningsAccumulatedLosses 2023-03-31 07806271 core:NetGoodwill 2023-03-31 07806271 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 07806271 core:Non-currentFinancialInstruments 2024-03-31 07806271 core:Non-currentFinancialInstruments 2023-03-31 07806271 core:FurnitureFittings 2023-03-31 07806271 bus:SmallEntities 2023-04-01 2024-03-31 07806271 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07806271 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07806271 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07806271 bus:FullAccounts 2023-04-01 2024-03-31 07806271 bus:Director1 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 07806271
THE PHOTO BOOTH COMPANY (UK) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2024
THE PHOTO BOOTH COMPANY (UK) LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
Fixed Assets
Intangible assets
5
7,075
9,123
Tangible assets
6
668,304
577,195
Investments
7
5,901
5,901
----------
----------
681,280
592,219
Current Assets
Stocks
182,782
231,092
Debtors
8
132,893
227,668
Cash at bank and in hand
63,031
93,207
----------
----------
378,706
551,967
Creditors: amounts falling due within one year
9
418,711
256,372
----------
----------
Net Current (Liabilities)/Assets
( 40,005)
295,595
----------
----------
Total Assets Less Current Liabilities
641,275
887,814
Creditors: amounts falling due after more than one year
10
421,654
471,246
----------
----------
Net Assets
219,621
416,568
----------
----------
THE PHOTO BOOTH COMPANY (UK) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
2024
2023
Note
£
£
£
Capital and Reserves
Called up share capital
110
110
Share premium account
1,480,233
1,480,233
Profit and loss account
( 1,260,722)
( 1,063,775)
-------------
-------------
Shareholders Funds
219,621
416,568
-------------
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 31 January 2025 , and are signed on behalf of the board by:
A N Hay
Director
Company registration number: 07806271
THE PHOTO BOOTH COMPANY (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Friary Business Centre, 18 Friary Road, Newark, Nottinghamshire, NG24 1LE, England.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going Concern Basis
The financial statements have been prepared under the going concern basis, which is only appropriate if the company is able to continue trading. The directors believe that, with their support and the support of the company's creditors, the company will be able to continue trading. Should the company be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amount and to provide for any further liabilities which might arise.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Foreign Currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and equipment
-
20/25% reducing balance
Motor vehicles
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 15 (2023: 14 ).
5. Intangible Assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
11,171
---------
Amortisation
At 1 April 2023
2,048
Charge for the year
2,048
---------
At 31 March 2024
4,096
---------
Carrying amount
At 31 March 2024
7,075
---------
At 31 March 2023
9,123
---------
6. Tangible Assets
Fixtures and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 April 2023
1,498,607
1,498,607
Additions
237,067
6,000
243,067
Disposals
( 7,138)
( 7,138)
-------------
-------
-------------
At 31 March 2024
1,728,536
6,000
1,734,536
-------------
-------
-------------
Depreciation
At 1 April 2023
921,412
921,412
Charge for the year
143,699
1,200
144,899
Disposals
( 79)
( 79)
-------------
-------
-------------
At 31 March 2024
1,065,032
1,200
1,066,232
-------------
-------
-------------
Carrying amount
At 31 March 2024
663,504
4,800
668,304
-------------
-------
-------------
At 31 March 2023
577,195
577,195
-------------
-------
-------------
7. Investments
Shares in group undertakings
£
Cost
At 1 April 2023 and 31 March 2024
5,901
-------
Impairment
At 1 April 2023 and 31 March 2024
-------
Carrying amount
At 31 March 2024
5,901
-------
At 31 March 2023
5,901
-------
8. Debtors
2024
2023
£
£
Trade debtors
9,704
27,223
Amounts owed by group undertakings
18,999
11,221
Other debtors
104,190
189,224
----------
----------
132,893
227,668
----------
----------
9. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
113,409
65,531
Amounts owed to group undertakings and undertakings in which the company has a participating interest
164,917
Social security and other taxes
12,800
31,925
Other creditors
117,585
148,916
----------
----------
418,711
256,372
----------
----------
10. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
15,833
25,833
Other creditors
405,821
445,413
----------
----------
421,654
471,246
----------
----------
11. Directors' Advances, Credits and Guarantees
The advance was repayable on demand and subject to interest at the official rate.
12. Controlling Party
The company is a wholly owned subsidiary of The Photo Booth Company (UK) Holdings Limited, a company registered in England.