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REGISTERED NUMBER: 04586943 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

GEOFF LLOYD PHOTOGRAPHY LTD

GEOFF LLOYD PHOTOGRAPHY LTD (REGISTERED NUMBER: 04586943)

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 30 November 2024

Page |

Company Information | 1 |

Abridged Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

GEOFF LLOYD PHOTOGRAPHY LTD

COMPANY INFORMATION

for the year ended 30 November 2024

| DIRECTOR: | G Lloyd

| REGISTERED OFFICE: | Unit 14 Chancerygate Business Centre

| Soapstone Way

| Irlam

| Manchester

| M44 6GP

| REGISTERED NUMBER: | 04586943 (England and Wales)

| ACCOUNTANTS: | Hayes & Co

| Chartered Accountants

| Suite 2 Beswick House

| Greenfold Way

| Leigh

| Lancashire

| WN7 3XJ

GEOFF LLOYD PHOTOGRAPHY LTD (REGISTERED NUMBER: 04586943)

ABRIDGED BALANCE SHEET

30 November 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 12,780 |  | 15,117 |  |

12,780 |  | 15,117 |  |

CURRENT ASSETS

Debtors | 6,958 |  | 1,988 |  |

Cash at bank | 17,187 |  | 16,731 |  |

24,145 |  | 18,719 |  |

CREDITORS

Amounts falling due within one year | 20,274 |  | 17,465 |  |

NET CURRENT ASSETS | 3,871 |  | 1,254 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 16,651 |  | 16,371 |  |

CREDITORS

Amounts falling due after more than one year | (1,754 | ) | (4,754 | ) |

PROVISIONS FOR LIABILITIES | (2,328 | ) | (2,750 | ) |

NET ASSETS | 12,569 |  | 8,867 |  |

CAPITAL AND RESERVES

Called up share capital | 150 |  | 150 |  |

Retained earnings | 12,419 |  | 8,717 |  |

SHAREHOLDERS' FUNDS | 12,569 |  | 8,867 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

GEOFF LLOYD PHOTOGRAPHY LTD (REGISTERED NUMBER: 04586943)

ABRIDGED BALANCE SHEET - continued

30 November 2024

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 June 2025 and were signed by:

G Lloyd - Director

GEOFF LLOYD PHOTOGRAPHY LTD (REGISTERED NUMBER: 04586943)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 30 November 2024

1. | STATUTORY INFORMATION

| Geoff Lloyd 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

| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

| Turnover

| The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of five years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| 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 | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Office and photographic equipment | - | 20% on reducing balance

| Tangible fixed assets are originally recorded at cost.

| Taxation

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

| 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.

GEOFF LLOYD PHOTOGRAPHY LTD (REGISTERED NUMBER: 04586943)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 30 November 2024

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

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

4. | INTANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 December 2023

| and 30 November 2024 | 63,000 |  |

| AMORTISATION

| At 1 December 2023

| and 30 November 2024 | 63,000 |  |

| NET BOOK VALUE

| At 30 November 2024 | - |  |

| At 30 November 2023 | - |  |

5. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 December 2023 | 101,966 |  |

| Additions | 996 |  |

| At 30 November 2024 | 102,962 |  |

| DEPRECIATION

| At 1 December 2023 | 86,849 |  |

| Charge for year | 3,333 |  |

| At 30 November 2024 | 90,182 |  |

| NET BOOK VALUE

| At 30 November 2024 | 12,780 |  |

| At 30 November 2023 | 15,117 |  |