Registered number
04229662
Simon Mooney Photo Limited
Filleted Accounts
31 July 2024
Simon Mooney Photo Limited
Registered number: 04229662
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,762 2,349
Current assets
Debtors 4 6,214 8,214
Cash at bank and in hand 3,049 1,357
9,263 9,571
Creditors: amounts falling due within one year 5 6,563 5,632
Net current assets 15,826 15,203
Total assets less current liabilities 17,588 17,552
Creditors: amounts falling due after more than one year 6 (70,612) (67,607)
Net liabilities (53,024) (50,055)
Capital and reserves
Called up share capital 3 3
Profit and loss account (53,027) (50,058)
Shareholders' funds (53,024) (50,055)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Edge
Director
Approved by the board on 25 March 2025
Simon Mooney Photo Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 37,354 19,788 57,142
At 31 July 2024 37,354 19,788 57,142
Depreciation
At 1 August 2023 35,005 19,788 54,793
Charge for the year 587 - 587
At 31 July 2024 35,592 19,788 55,380
Net book value
At 31 July 2024 1,762 - 1,762
At 31 July 2023 2,349 - 2,349
4 Debtors 2024 2023
£ £
Trade debtors (1,836) 164
Other debtors 8,050 8,050
6,214 8,214
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 903
Taxation and social security costs (6,638) (6,610)
Other creditors 75 75
(6,563) (5,632)
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 70,612 67,607
7 Other information
Simon Mooney Photo Limited is a private company limited by shares and incorporated in England. Its registered office is:
49 Armitage Road
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7PD
Simon Mooney Photo Limited 04229662 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts July 2024 K Edge No description of principal activity 04229662 2022-08-01 2023-07-31 04229662 core:WithinOneYear 2023-07-31 04229662 core:AfterOneYear 2023-07-31 04229662 core:ShareCapital 2023-07-31 04229662 core:RetainedEarningsAccumulatedLosses 2023-07-31 04229662 2023-08-01 2024-07-31 04229662 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04229662 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04229662 bus:Director40 2023-08-01 2024-07-31 04229662 1 2023-08-01 2024-07-31 04229662 2 2023-08-01 2024-07-31 04229662 core:PlantMachinery 2023-08-01 2024-07-31 04229662 core:Vehicles 2023-08-01 2024-07-31 04229662 countries:England 2023-08-01 2024-07-31 04229662 bus:FRS102 2023-08-01 2024-07-31 04229662 bus:FilletedAccounts 2023-08-01 2024-07-31 04229662 2024-07-31 04229662 core:WithinOneYear 2024-07-31 04229662 core:AfterOneYear 2024-07-31 04229662 core:ShareCapital 2024-07-31 04229662 core:RetainedEarningsAccumulatedLosses 2024-07-31 04229662 core:PlantMachinery 2024-07-31 04229662 core:Vehicles 2024-07-31 04229662 2023-07-31 04229662 core:PlantMachinery 2023-07-31 04229662 core:Vehicles 2023-07-31 iso4217:GBP xbrli:pure