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REGISTERED NUMBER: 07737396 (England and Wales)















Paul Heyes Photography Limited

Unaudited Financial Statements for the Year Ended 31 August 2024






Paul Heyes Photography Limited (Registered number: 07737396)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Paul Heyes Photography Limited

Company Information
for the Year Ended 31 August 2024







Directors: Paul John Heyes
Janet Heyes





Secretary: Paul John Heyes





Registered office: 56 Whiteoak View
Darcy Lever
Bolton
Greater Manchester
BL3 1ST





Registered number: 07737396 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
Greater Manchester
BL6 7BY

Paul Heyes Photography Limited (Registered number: 07737396)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 3,581 4,092

Current assets
Debtors 5 7,047 4,888
Cash at bank 3,228 3,719
10,275 8,607
Creditors
Amounts falling due within one year 6 12,210 11,714
Net current liabilities (1,935 ) (3,107 )
Total assets less current liabilities 1,646 985

Provisions for liabilities 7 680 777
Net assets 966 208

Capital and reserves
Called up share capital 8 2 2
Retained earnings 964 206
Shareholders' funds 966 208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Paul Heyes Photography Limited (Registered number: 07737396)

Statement of Financial Position - continued
31 August 2024


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 Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





Janet Heyes - Director


Paul Heyes Photography Limited (Registered number: 07737396)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. Statutory information

Paul Heyes Photography Limited 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.

Turnover
Turnover is measured at the fair value of the consideration receivable for photography services provided by the company during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Paul Heyes Photography Limited (Registered number: 07737396)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 September 2023 5,381
Additions 615
At 31 August 2024 5,996
Depreciation
At 1 September 2023 1,289
Charge for year 1,126
At 31 August 2024 2,415
Net book value
At 31 August 2024 3,581
At 31 August 2023 4,092

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 1,600 2,500
Other debtors 5,447 2,388
7,047 4,888

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 197 -
Taxation and social security 1,180 785
Other creditors 10,833 10,929
12,210 11,714

Paul Heyes Photography Limited (Registered number: 07737396)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. Provisions for liabilities
2024 2023
£    £   
Deferred tax 680 777

Deferred
tax
£   
Balance at 1 September 2023 777
Credit to Statement of Income and Retained Earnings during year (97 )
Balance at 31 August 2024 680

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary shares 1.00 2 2

9. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Paul John Heyes and Janet Heyes
Balance outstanding at start of year 2,388 1,074
Amounts advanced 20,957 1,314
Amounts repaid (17,898 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,447 2,388