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REGISTERED NUMBER: 11504457 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 August 2024

for

Jim Grover Photography Ltd

Jim Grover Photography Ltd (Registered number: 11504457)






Contents of the Financial Statements
for the Year Ended 30 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Jim Grover Photography Ltd

Company Information
for the Year Ended 30 August 2024







DIRECTOR: Mr J N D Grover





REGISTERED OFFICE: 7 Northbourne Road
Clapham
London
SW4 7DW





REGISTERED NUMBER: 11504457 (England and Wales)






Jim Grover Photography Ltd (Registered number: 11504457)

Balance Sheet
30 August 2024

30.8.24 30.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 19,844 26,047

CURRENT ASSETS
Stocks 24,684 26,537
Debtors 5 600 -
Cash at bank 4,993 19,579
30,277 46,116
CREDITORS
Amounts falling due within one year 6 137,205 144,724
NET CURRENT LIABILITIES (106,928 ) (98,608 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(87,084

)

(72,561

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (87,184 ) (72,661 )
SHAREHOLDERS' FUNDS (87,084 ) (72,561 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 May 2025 and were signed by:





Mr J N D Grover - Director


Jim Grover Photography Ltd (Registered number: 11504457)

Notes to the Financial Statements
for the Year Ended 30 August 2024

1. STATUTORY INFORMATION

Jim Grover Photography Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, including services provided to clients which at the reporting date have not been billed, and excluding value added tax. The following criteria must be also be met before revenue is recognised:

Rendering of services

Revenue from contracts to provide books, prints and exhibitions is recognised in the period in which they are provided when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

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 etc - at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Jim Grover Photography Ltd (Registered number: 11504457)

Notes to the Financial Statements - continued
for the Year Ended 30 August 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
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
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities, such as trade and other debtors and creditors, cash at bank, director loans and non-puttable ordinary shares.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash and other consideration expected to be paid or received.

Going concern
These financial statements have been prepared on the going concern basis. The company's ongoing activities are dependent upon the continued support of director Mr J N D Grover.

Should this support cease, the going concern basis may no longer be appropriate and adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

In the opinion of the director the going concern basis is appropriate. In arriving at this opinion, the director has considered the following factors:

i. The net asset position of the company.
ii. The availability of finance from the director.

3. EMPLOYEES AND DIRECTORS

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

Jim Grover Photography Ltd (Registered number: 11504457)

Notes to the Financial Statements - continued
for the Year Ended 30 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 August 2023
and 30 August 2024 57,251
DEPRECIATION
At 31 August 2023 31,204
Charge for year 6,203
At 30 August 2024 37,407
NET BOOK VALUE
At 30 August 2024 19,844
At 30 August 2023 26,047

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.8.24 30.8.23
£    £   
Other debtors 600 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.8.24 30.8.23
£    £   
Other creditors 137,205 144,724