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REGISTERED NUMBER: 06962046 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

WIMBORNE PHOTO CENTRE LTD

WIMBORNE PHOTO CENTRE LTD (REGISTERED NUMBER: 06962046)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Balance sheet 1

Notes to the financial statements 2


WIMBORNE PHOTO CENTRE LTD (REGISTERED NUMBER: 06962046)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 5,064 6,131

Current assets
Stocks 5,500 5,500
Debtors 5 2,813 6,922
Cash at bank 7,111 6,977
15,424 19,399
Creditors
Amounts falling due within one year 6 6,806 5,887
Net current assets 8,618 13,512
Total assets less current liabilities 13,682 19,643

Creditors
Amounts falling due after more than one year 7 (8,491 ) (10,122 )

Provisions for liabilities 10 (962 ) (1,165 )
Net assets 4,229 8,356

Capital and reserves
Called up share capital 11 100 100
Retained earnings 4,129 8,256
Shareholders' funds 4,229 8,356

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 April 2025 and were signed by:



Mr P McKay - Director


WIMBORNE PHOTO CENTRE LTD (REGISTERED NUMBER: 06962046)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. Statutory information

Wimborne Photo Centre Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06962046. The registered office and business address is 2 Kings Court, High Street, Wimborne, BH21 1HS.

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 represents sales from providing photographic and printing services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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 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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

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

WIMBORNE PHOTO CENTRE LTD (REGISTERED NUMBER: 06962046)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 October 2023 30,671 418 9,849 40,938
Additions - - 621 621
At 30 September 2024 30,671 418 10,470 41,559
Depreciation
At 1 October 2023 29,438 403 4,966 34,807
Charge for year 308 4 1,376 1,688
At 30 September 2024 29,746 407 6,342 36,495
Net book value
At 30 September 2024 925 11 4,128 5,064
At 30 September 2023 1,233 15 4,883 6,131

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 2,813 2,813
Directors' current accounts - 4,109
2,813 6,922

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 1,631 1,587
Tax 3,035 2,283
Directors' current accounts 22 -
Accruals and deferred income 2,118 2,017
6,806 5,887

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 1,674 1,631
Bank loans - 2-5 years 5,281 5,145
Bank loans more 5 yr by instal 1,536 3,346
8,491 10,122

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,536 3,346

WIMBORNE PHOTO CENTRE LTD (REGISTERED NUMBER: 06962046)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 3,000

9. Secured debts

All monies due to or to become due to TSB Bank PLC are secured by way of a fixed and floating charge over all the assets of the company, dated 8 November 2010.

10. Provisions for liabilities
2024 2023
£    £   
Deferred tax 962 1,165

Deferred
tax
£   
Balance at 1 October 2023 1,165
Credit to Income statement during year (203 )
Balance at 30 September 2024 962

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr P McKay
Balance outstanding at start of year 4,109 1,178
Amounts advanced - 4,109
Amounts repaid (4,109 ) (1,178 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 4,109

13. Ultimate controlling party

The company is controlled by the director, Mr P McKay, who owns 100% of the issued share capital.