Registration number: 08186061

Photocrowd Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Photocrowd Ltd

(Registration number: 08186061)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	389,111	307,895
Tangible assets	5	4,165	5,353
		393,276	313,248
Current assets
Debtors	6	37,362	55,095
Cash at bank and in hand		28,885	22,133
		66,247	77,228
Creditors: Amounts falling due within one year	7	(230,389)	(232,614)
Net current liabilities		(164,142)	(155,386)
Total assets less current liabilities		229,134	157,862
Creditors: Amounts falling due after more than one year	7	(26,822)	(34,851)
Net assets		202,312	123,011
Capital and reserves
Called up share capital	8	558	558
Share premium reserve		1,224,152	1,224,152
Other reserves		2,339	2,339
Retained earnings		(1,024,737)	(1,104,038)
Shareholders' funds		202,312	123,011

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Photocrowd Ltd

(Registration number: 08186061)
Balance Sheet as at 28 February 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 April 2025
 

......................................... M Betts Director

Photocrowd Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
30 St Giles'
Oxford
OX1 3LE

These financial statements were authorised for issue by the director on 7 April 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Photocrowd Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	4 years straight line

Intangible assets

Intangible asset costs are capitalised and amortised over their useful economic life.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Intangibles	5 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price.

Photocrowd Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 3).

Photocrowd Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 March 2024	828,593	828,593
Additions acquired separately	221,747	221,747
At 28 February 2025	1,050,340	1,050,340
Amortisation
At 1 March 2024	520,698	520,698
Amortisation charge	140,531	140,531
At 28 February 2025	661,229	661,229
Carrying amount
At 28 February 2025	389,111	389,111
At 29 February 2024	307,895	307,895

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 March 2024	10,036	10,036
Additions	870	870
At 28 February 2025	10,906	10,906
Depreciation
At 1 March 2024	4,683	4,683
Charge for the year	2,058	2,058
At 28 February 2025	6,741	6,741
Carrying amount
At 28 February 2025	4,165	4,165
At 29 February 2024	5,353	5,353

Photocrowd Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

6

Debtors

	2025 £	2024 £
Prepayments	-	2,640
Other debtors	37,362	52,455
	37,362	55,095

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	10,995	10,167
Trade creditors		4,849	13,514
Taxation and social security		6,182	7,177
Accruals and deferred income		124,503	116,994
Other creditors		83,860	84,762
		230,389	232,614

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	26,822	34,851

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A of £0.0001 each	5,422,247	542	5,422,247	542
Ordinary B of £0.0001 each	160,563	16	160,563	16
	5,582,810	558	5,582,810	558

Photocrowd Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	26,822	34,851

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,995	10,167