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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.
It is your duty to ensure that DRL Photography and Designs Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of DRL Photography and Designs Limited. You consider that DRL Photography and Designs Limited is exempt from the statutory audit requirement for the financial year.
We have not been instructed to carry out an audit or a review of the financial statements of DRL Photography and Designs Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountants
Canterbury
Kent
CT1 2TU
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Fixed assets |
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Current assets |
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Creditors: amounts falling due within one year | (
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Net current liabilities | (
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Total assets less current liabilities | (
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Accruals and deferred income | (
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Net liabilities | (
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Capital and reserves | (
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Directors' responsibilities:
The financial statements of DRL Photography and Designs Limited (registered number: 12050009) were approved and authorised for issue by
Daniel Robert Long
Director |
The Company is a private company limited by shares and is incorporated in the United Kingdom and registered in England and Wales (Company no. 12050009). The address of its registered office is 37 St. Margarets Street, Canterbury, CT1 2TU, United Kingdom.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
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Monthly average number of persons employed by the Company during the financial year, including directors |
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Going concern
The company has started to generate revenue, however, due to the nature of the business, the company is reliant upon the continued the support of the director who has financed the business by way of loan.
The director has indicated that the whole of the balance at the year-end will remain on loan to the company for a period of at least twelve months from the date of the approval of these accounts.
Furthermore, the director has considered the trading position for a period of twelve months from the date of the approval of these accounts and considers that the company will either generate cashflows sufficient for it to be able to trade for the foreseeable future or the director will introduce such funds to enable the company to continue. On this basis the director considers it appropriate to prepare the financial statements on the going concern basis.
These financial statements do not, therefore, include any adjustments that would result from either cashflow resources failing to meet requirements nor a withdrawal of the directors loan.