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Company Registration No. SC632837 (Scotland)
Gulabi Photo Ltd Unaudited accounts for the year ended 30 June 2024
Gulabi Photo Ltd Unaudited accounts Contents
Page
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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
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Gulabi Photo Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
52,751 
51,024 
Current assets
Debtors
1,058 
1,094 
Cash at bank and in hand
49,159 
21,197 
50,217 
22,291 
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)
Net assets
44,531 
30,939 
Capital and reserves
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
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Gulabi Photo Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 30 June 2024
25,643 
5,603 
21,505 
52,751 
At 30 June 2023
21,414 
3,137 
26,473 
51,024 
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Gulabi Photo Ltd Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,058 
994 
Other debtors
- 
100 
1,058 
1,094 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
13,364 
9,257 
Trade creditors
6,351 
3,160 
Taxes and social security
3,938 
- 
Other creditors
9,979 
- 
Loans from directors
13,014 
19,254 
Accruals
1,768 
1,011 
48,414 
32,682 
7
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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