| Registered Number:06737134 |
For the year ended 31 October 2024
England and Wales
Unaudited Financial Statements
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
Photo Editions Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
10,591
7,375
2
10,591
7,375
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
1
1
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. |
| 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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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. |
50 South Street
Whitstable
England
CT5 3DX
| The presentation currency is £ sterling. |
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
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. |
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For the year ended 31 October 2024
Photo Editions Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
18,760
8,164
10,596
8,569
8,569
-
(833)
-
(833)
10,596
15,900
26,496
| Provision for depreciation and impairment |
11,385
3,672
7,713
Charge for year
4,936
3,975
961
(416)
(416)
-
15,905
7,231
8,674
1,922
8,669
10,591
2,883
4,492
7,375
2023
2024
175,569
199,279
| 4. Trade and other receivables |
2023
2024
-
1,074
2,483
532
1,606
2,483
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
-
56
| Taxation and social security |
28,626
30,955
1,434
14,466
30,060
45,477
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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)
4 of 4