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REGISTERED NUMBER: 05058945 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Photosymbols Limited

Photosymbols Limited (Registered number: 05058945)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Photosymbols Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: P D Le Grys
K Seymour





SECRETARY: P D Le Grys





REGISTERED OFFICE: Unit 4a Greenway Business Centre
Doncaster Road
Bristol
BS10 5PY





REGISTERED NUMBER: 05058945 (England and Wales)





ACCOUNTANTS: Charles Hinitt & Associates Limited
Chartered Certified Accountants
48 Belle Vue Terrace
Malvern
Worcestershire
WR14 4QG

Photosymbols Limited (Registered number: 05058945)

Abridged Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,000 3,000
Tangible assets 5 68,445 75,886
70,445 78,886

CURRENT ASSETS
Debtors 76,674 110,688
Cash at bank and in hand 71,592 82,596
148,266 193,284
CREDITORS
Amounts falling due within one year 125,376 128,057
NET CURRENT ASSETS 22,890 65,227
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,335

144,113

CREDITORS
Amounts falling due after more than one
year

(12,500

)

(25,000

)

PROVISIONS FOR LIABILITIES (17,111 ) (14,418 )
NET ASSETS 63,724 104,695

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 63,324 104,295
SHAREHOLDERS' FUNDS 63,724 104,695

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

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

Photosymbols Limited (Registered number: 05058945)

Abridged Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 March 2025 and were signed on its behalf by:





P D Le Grys - Director


Photosymbols Limited (Registered number: 05058945)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Photosymbols 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.

The financial statements are prepared in Sterling (£).

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 2007, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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.

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.

Photosymbols Limited (Registered number: 05058945)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 20,000
AMORTISATION
At 1 July 2023 17,000
Amortisation for year 1,000
At 30 June 2024 18,000
NET BOOK VALUE

At 30 June 2024 2,000
At 30 June 2023 3,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 264,061
Additions 47,267
At 30 June 2024 311,328
DEPRECIATION
At 1 July 2023 188,175
Charge for year 54,708
At 30 June 2024 242,883
NET BOOK VALUE
At 30 June 2024 68,445
At 30 June 2023 75,886

Photosymbols Limited (Registered number: 05058945)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 July 2023 61,740
Transfer to ownership (61,740 )
At 30 June 2024 -
DEPRECIATION
At 1 July 2023 42,205
Charge for year 4,884
Transfer to ownership (47,089 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 19,535

6. RELATED PARTY DISCLOSURES

At 30 June 2024 the company owed the Directors £1,873 (2023: £1,113) through their Director's Loan Account. This amount is included within Other Creditors and disclosed under 'Creditors: amounts falling due within one year' and is repayable on demand.

7. ULTIMATE CONTROLLING PARTY

The controlling party is P D Le Grys.