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REGISTERED NUMBER: 08297170 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

VERY PHOTOGRAPHIC LIMITED

VERY PHOTOGRAPHIC LIMITED (REGISTERED NUMBER: 08297170)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VERY PHOTOGRAPHIC LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2024







DIRECTOR: A J F Grove





REGISTERED OFFICE: 16 Lint Meadow
Hollywood
Birmingham
Worcestershire
B47 5PH





REGISTERED NUMBER: 08297170 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

VERY PHOTOGRAPHIC LIMITED (REGISTERED NUMBER: 08297170)

BALANCE SHEET
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,852 6,481

CURRENT ASSETS
Debtors 5 203,657 188,598
Cash at bank 66,357 45,753
270,014 234,351
CREDITORS
Amounts falling due within one year 6 306,207 261,770
NET CURRENT LIABILITIES (36,193 ) (27,419 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(28,341

)

(20,938

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (28,342 ) (20,939 )
(28,341 ) (20,938 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 14 February 2025 and were signed by:





A J F Grove - Director


VERY PHOTOGRAPHIC LIMITED (REGISTERED NUMBER: 08297170)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024


1. STATUTORY INFORMATION

Very 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 20% on reducing balance
Computer equipment - 20% on reducing balance

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
During the year the company has made payments to the director's pension scheme, assets of the scheme are held separately from those of the company, in an independently administered fund.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

VERY PHOTOGRAPHIC LIMITED (REGISTERED NUMBER: 08297170)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024


4. TANGIBLE FIXED ASSETS
Computer
Equipment equipment Totals
£    £    £   
COST
At 1 December 2023 12,817 1,653 14,470
Additions 3,333 - 3,333
At 30 November 2024 16,150 1,653 17,803
DEPRECIATION
At 1 December 2023 6,398 1,591 7,989
Charge for year 1,950 12 1,962
At 30 November 2024 8,348 1,603 9,951
NET BOOK VALUE
At 30 November 2024 7,802 50 7,852
At 30 November 2023 6,419 62 6,481

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 190,695 158,632
Other debtors 12,962 29,966
203,657 188,598

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 158 204
Other creditors 306,049 261,566
306,207 261,770

7. RELATED PARTY DISCLOSURES

At 30 November 2024 other creditors include loans made to the company by the director amounting to £34,520 (2023 £31,246). The loans are interest free with no fixed date for repayment.

8. CONTROLLING PARTY

The controlling party is A J F Grove.

9. GOING CONCERN

The financial statements are prepared on a going concern basis. This assumes that the company will continue in operational existence for the foreseeable future, due to the continued support of its director.