Registered number
12511156
Butterfly Effect Photography Ltd
Filleted Accounts
30 June 2025
Butterfly Effect Photography Ltd
Registered number: 12511156
Balance Sheet
as at 30 June 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 593 741
Current assets
Debtors 4 600 673
Cash at bank and in hand 18,964 15,961
19,564 16,634
Creditors: amounts falling due within one year 5 (16,602) (14,194)
Net current assets 2,962 2,440
Net assets 3,555 106
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,455 3,081
Shareholder's funds 3,555 106
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms Nazime Atis
Director
Approved by the board on 10 July 2025
Butterfly Effect Photography Ltd
Notes to the Accounts
for the year ended 30 June 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2024 1,156
At 30 June 2025 1,156
Depreciation
At 1 July 2024 415
Charge for the year 148
At 30 June 2025 563
Net book value
At 30 June 2025 593
At 30 June 2024 741
4 Debtors 2025 2024
£ £
Trade debtors 600 673
5 Creditors: amounts falling due within one year 2025 2024
£ £
Nazime Atis 2,700 1,700
Directors Loan Account 2 1,362
Trade creditors 740 911
Taxation and social security costs 2,660 2,221
Other creditors 10,500 8,000
16,602 14,194
6 Other information
Butterfly Effect Photography Ltd is a private company limited by shares and incorporated in England. Its registered office is:
565
Green Lanes
London
N8 0RL
Butterfly Effect Photography Ltd 12511156 false 2024-07-01 2025-06-30 2025-06-30 VT Final Accounts April 2025 Ms Nazime Atis No description of principal activity 12511156 2023-07-01 2024-06-30 12511156 core:WithinOneYear 2024-06-30 12511156 core:ShareCapital 2024-06-30 12511156 core:RetainedEarningsAccumulatedLosses 2024-06-30 12511156 2024-07-01 2025-06-30 12511156 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 12511156 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 12511156 bus:Director40 2024-07-01 2025-06-30 12511156 1 2024-07-01 2025-06-30 12511156 2 2024-07-01 2025-06-30 12511156 core:PlantMachinery 2024-07-01 2025-06-30 12511156 countries:England 2024-07-01 2025-06-30 12511156 bus:FRS102 2024-07-01 2025-06-30 12511156 bus:FilletedAccounts 2024-07-01 2025-06-30 12511156 2025-06-30 12511156 core:WithinOneYear 2025-06-30 12511156 core:ShareCapital 2025-06-30 12511156 core:RetainedEarningsAccumulatedLosses 2025-06-30 12511156 core:PlantMachinery 2025-06-30 12511156 2024-06-30 12511156 core:PlantMachinery 2024-06-30 iso4217:GBP xbrli:pure