Company Registration No. SC632837 (Scotland)
Gulabi Photo Ltd
Unaudited accounts
for the year ended 30 June 2024
Gulabi Photo Ltd
Unaudited accounts
Contents
Gulabi Photo Ltd
Company Information
for the year ended 30 June 2024
Directors
Benjamin Cowie
Christopher Moses
Company Number
SC632837 (Scotland)
Registered Office
77 TORRISDALE STREET
GLASGOW
G42 8PW
SCOTLAND
Accountants
Arran Accountancy Limited
Alexanders
Brodick
Isle of Arran
KA27 8HF
Gulabi Photo Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
52,751
51,024
Cash at bank and in hand
49,159
21,197
Creditors: amounts falling due within one year
(48,414)
(32,682)
Net current assets/(liabilities)
1,803
(10,391)
Total assets less current liabilities
54,554
40,633
Provisions for liabilities
Deferred tax
(10,023)
(9,694)
Called up share capital
2
2
Profit and loss account
44,529
30,937
Shareholders' funds
44,531
30,939
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by
Christopher Moses
Director
Company Registration No. SC632837
Gulabi Photo Ltd
Notes to the Accounts
for the year ended 30 June 2024
Gulabi Photo Ltd is a private company, limited by shares, registered in Scotland, registration number SC632837. The registered office is 77 TORRISDALE STREET, GLASGOW, G42 8PW, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
40,778
3,843
34,177
78,798
Additions
10,640
3,866
408
14,914
At 30 June 2024
51,418
7,709
34,585
93,712
At 1 July 2023
19,364
706
7,704
27,774
Charge for the year
6,411
1,400
5,376
13,187
At 30 June 2024
25,775
2,106
13,080
40,961
At 30 June 2024
25,643
5,603
21,505
52,751
At 30 June 2023
21,414
3,137
26,473
51,024
Gulabi Photo Ltd
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
Accrued income and prepayments
1,058
994
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
6,351
3,160
Taxes and social security
3,938
-
Loans from directors
13,014
19,254
7
Average number of employees
During the year the average number of employees was 6 (2023: 6).