Company Registration No. SC737892 (Scotland)
Derek Christie Photography Ltd
Unaudited accounts
for the year ended 31 July 2024
Derek Christie Photography Ltd
Unaudited accounts
Contents
Derek Christie Photography Ltd
Company Information
for the year ended 31 July 2024
Directors
Mr DT Christie
Mrs D Christie
Company Number
SC737892 (Scotland)
Registered Office
8 Marine House
Muirfield Drive
Gullane
East Lothian
EH31 2ER
Accountants
GF Accountancy Services Ltd
4 Rowanhill Way
Port Seton
East Lothian
EH32 0SZ
Derek Christie Photography Ltd
Statement of financial position
as at 31 July 2024
Intangible assets
7,380
9,840
Tangible assets
4,731
5,860
Cash at bank and in hand
51,023
28,162
Creditors: amounts falling due within one year
(71,653)
(52,839)
Net current liabilities
(11,489)
(15,536)
Called up share capital
100
100
Profit and loss account
522
64
Shareholders' funds
622
164
For the year ending 31 July 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 25 April 2025 and were signed on its behalf by
Mr DT Christie
Director
Company Registration No. SC737892
Derek Christie Photography Ltd
Notes to the Accounts
for the year ended 31 July 2024
Derek Christie Photography Ltd is a private company, limited by shares, registered in Scotland, registration number SC737892. The registered office is 8 Marine House, Muirfield Drive, Gullane, East Lothian, EH31 2ER.
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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% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. This has been amortised on a straight line basis of 20%.
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Intangible fixed assets
Total
Derek Christie Photography Ltd
Notes to the Accounts
for the year ended 31 July 2024
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Tangible fixed assets
Total
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
4,500
4,500
4,500
4,500
Directors Loan
4,500
4,500
4,500
4,500
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Transactions with related parties
The company was under the control of Mr DT Christie and Mrs D Christie throughout the current and previous period. Mr DT Christie and Mrs D Christie are directors and joint equal shareholders.
At the start of the year Mr DT Christie owed the company an amount of £4,500. This amount was repaid in full during the year. A further advance of £4,500 was made during the year. This amount is included in debtors due within one year. No interest was charged on this loan and this loan has been repaid since the balance sheet date.
At the start of the year Mrs D Christie owed the company an amount of £4,500. This amount was repaid in full during the year. A further advance of £4,500 was made during the year. This amount is included in debtors due within one year. No interest was charged on this loan and this loan has been repaid since the balance sheet date.
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Average number of employees
During the year the average number of employees was 2 (2023: 2).