2023-11-01 06737134 2024-10-31 06737134 2023-11-01 2024-10-31 06737134 2023-10-31 06737134 2022-11-01 2023-10-31 06737134 uk-core:WithinOneYear 2023-10-31 06737134 uk-core:WithinOneYear 2024-10-31 06737134 uk-core:ShareCapital 2024-10-31 06737134 uk-core:ShareCapital 2023-10-31 06737134 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 06737134 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 06737134 uk-bus:Director1 2023-11-01 2024-10-31 06737134 uk-core:PlantMachinery 2023-11-01 2024-10-31 06737134 uk-core:ComputerEquipment 2023-11-01 2024-10-31 06737134 uk-core:ComputerEquipment 2023-10-31 06737134 uk-core:PlantMachinery 2023-10-31 06737134 uk-core:PlantMachinery 2024-10-31 06737134 uk-core:ComputerEquipment 2024-10-31 iso4217:GBP xbrli:pure 06737134 uk-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 06737134 uk-bus:FRS102 2023-11-01 2024-10-31 06737134 uk-bus:FilletedAccounts 2023-11-01 2024-10-31 06737134 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31
Photo Editions Limited
Registered Number:06737134
For the year ended 31 October 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2024
Photo Editions Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
06737134
As at 31 October 2024
Photo Editions Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
10,591
7,375
2
10,591
7,375
Current assets
Inventories
199,279
175,569
3
Trade and other receivables
1,606
2,483
4
315,627
Cash and cash equivalents
339,092
517,144
516,512
Trade and other payables: amounts falling due within one
year
(45,477)
(30,060)
5
471,035
487,084
Net current assets
Total assets less current liabilities
497,675
478,410
(2,482)
(1,760)
Provisions for liabilities
495,193
Net assets
476,650
Capital and reserves
Called up share capital
1
1
Retained earnings
495,192
476,649
495,193
476,650
Shareholders' funds
For the year ended 31 October 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 of its financial statements for the year ended 31 October 2024 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.
M T Amis Director
These financial statements were approved and authorised for issue by the Board on 08 June 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 October 2024
Photo Editions Limited
Notes to the Financial Statements
Statutory Information
Photo Editions Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 06737134.
Registered address:
50 South Street
Whitstable
England
CT5 3DX
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.
Revenue recognition
Turnover is measured at the fair value of the consideration receivable, excluding value added tax.
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 on the following basis:
Photo Equipment
20% Straight line
25% Straight line
Computer Equipment
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.
2 of 4
5
For the year ended 31 October 2024
Photo Editions Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Photo
Equipment
£
£
£
Cost or
valuation
At 01 November 2023
18,760
8,164
10,596
8,569
8,569
-
Additions
(833)
-
Disposals
(833)
At 31 October 2024
10,596
15,900
26,496
Provision for depreciation and impairment
At 01 November 2023
11,385
3,672
7,713
Charge for year
4,936
3,975
961
(416)
(416)
-
On disposal
At 31 October 2024
15,905
7,231
8,674
At 31 October 2024
Net book value
1,922
8,669
10,591
At 31 October 2023
2,883
4,492
7,375
3. Inventories
2023
2024
£
£
Stocks
175,569
199,279
4. Trade and other receivables
2023
2024
£
£
Trade debtors
-
1,074
Other debtors
2,483
532
1,606
2,483
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
-
56
Taxation and social security
28,626
30,955
Other creditors
1,434
14,466
30,060
45,477
3 of 4
6
For the year ended 31 October 2024
Photo Editions Limited
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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