2024-04-01 08336551 2025-03-31 08336551 2024-04-01 2025-03-31 08336551 2024-03-31 08336551 2023-04-01 2024-03-31 08336551 uk-core:WithinOneYear 2024-03-31 08336551 uk-core:WithinOneYear 2025-03-31 08336551 uk-core:ShareCapital 2025-03-31 08336551 uk-core:ShareCapital 2024-03-31 08336551 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 08336551 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 08336551 uk-bus:Director1 2024-04-01 2025-03-31 08336551 uk-core:Buildings 2024-04-01 2025-03-31 08336551 uk-core:PlantMachinery 2024-04-01 2025-03-31 08336551 uk-core:ComputerEquipment 2024-04-01 2025-03-31 08336551 uk-core:ComputerEquipment 2024-03-31 08336551 uk-core:PlantMachinery 2024-03-31 08336551 uk-core:Buildings 2024-03-31 08336551 uk-core:Buildings 2025-03-31 08336551 uk-core:PlantMachinery 2025-03-31 08336551 uk-core:ComputerEquipment 2025-03-31 iso4217:GBP xbrli:pure 08336551 uk-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08336551 uk-bus:FRS102 2024-04-01 2025-03-31 08336551 uk-bus:FilletedAccounts 2024-04-01 2025-03-31 08336551 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31
Damien Mcfadden Photography Limited
Registered Number:08336551
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2025
Damien Mcfadden Photography Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
08336551
As at 31 March 2025
Damien Mcfadden Photography Limited
Statement of Financial Position
£
£
2024
2025
Notes
Fixed assets
Property, plant and equipment
13,337
16,712
2
13,337
16,712
Current assets
Trade and other receivables
-
1,314
3
41,975
Cash and cash equivalents
27,024
28,338
41,975
Trade and other payables: amounts falling due within one
year
(14,432)
(8,473)
4
27,543
19,865
Net current assets
Total assets less current liabilities
33,202
44,255
33,202
Net assets
44,255
Capital and reserves
Called up share capital
100
100
Retained earnings
33,102
44,155
33,202
44,255
Shareholders' funds
For the year ended 31 March 2025 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 of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Damien Mcfadden Director
These financial statements were approved and authorised for issue by the Board on 23 May 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2025
Damien Mcfadden Photography Limited
Notes to the Financial Statements
Statutory Information
Damien Mcfadden Photography Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 08336551.
Registered address:
31 Rushmere Avenue
Northampton
NN1 5SD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of
certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives.
Land and Buildings
20 Straight line
Plant and Machinery
20 Straight line
20 Straight line
Computer Equipment
2 of 4
5
For the year ended 31 March 2025
Damien Mcfadden Photography Limited
Notes to the Financial Statements Continued
Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other
Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the
contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in
the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an
intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic Financial Assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price
including transaction costs and are subsequently carried at amortised cost using the effective interest method unless
the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the
future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are
not amortised.
Classification of Financial Liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements
entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company
after deducting all of its liabilities.
Basic Financial Liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares
that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing
transaction, where the debt instrument is measured at the present value of the future payments discounted at a
market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade
creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business
from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not,
they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and
subsequently measured at amortised cost using the effective interest method.
2. Property, plant and equipment
Total
Computer
Equipment
Plant and
Machinery
Land and
Buildings
£
£
£
£
Cost or
valuation
At 01 April 2024
68,648
22,860
35,288
10,500
3,783
832
2,951
-
Additions
At 31 March 2025
10,500
38,239
23,692
72,431
Provision for depreciation and impairment
At 01 April 2024
51,936
22,226
23,410
6,300
Charge for year
7,158
316
4,742
2,100
At 31 March 2025
59,094
22,542
28,152
8,400
At 31 March 2025
Net book value
2,100
10,087
1,150
13,337
At 31 March 2024
4,200
11,878
634
16,712
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6
For the year ended 31 March 2025
Damien Mcfadden Photography Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2024
2025
£
£
Other debtors
1,314
-
4. Trade and other payables: amounts falling due within one year
2024
2025
£
£
Taxation and social security
8,473
14,331
Other creditors
-
101
8,473
14,432
5. Average number of persons employed
During the year the average number of employees was 1 (2024 : 1)
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