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REGISTERED NUMBER: 07997685 (England and Wales)















Photiades Ltd

Unaudited Financial Statements For The Year Ended 31 March 2025






Photiades Ltd (Registered number: 07997685)






Contents of the Financial Statements
For The Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Photiades Ltd

Company Information
For The Year Ended 31 March 2025







DIRECTORS: Mr W Harvey
Mr D Shiebert





REGISTERED OFFICE: Longmire House
36-38 London Road
St Albans
Hertfordshire
AL1 1NG





REGISTERED NUMBER: 07997685 (England and Wales)

Photiades Ltd (Registered number: 07997685)

Balance Sheet
31 March 2025

2025 2024
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 40,281 37,286
40,281 37,286

CURRENT ASSETS
Debtors 6 431,838 431,454
Cash at bank 155,962 222,882
587,800 654,336
CREDITORS
Amounts falling due within one year 7 (97,983 ) (180,973 )
NET CURRENT ASSETS 489,817 473,363
TOTAL ASSETS LESS CURRENT
LIABILITIES

530,098

510,649

PROVISIONS FOR LIABILITIES (3,188 ) (2,439 )
NET ASSETS 526,910 508,210

CAPITAL AND RESERVES
Called up share capital 66 66
Capital redemption reserve 33 33
Retained earnings 526,811 508,111
SHAREHOLDERS' FUNDS 526,910 508,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Photiades Ltd (Registered number: 07997685)

Balance Sheet - continued
31 March 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by:




Mr W Harvey - Director



Mr D Shiebert - Director


Photiades Ltd (Registered number: 07997685)

Notes to the Financial Statements
For The Year Ended 31 March 2025

1. STATUTORY INFORMATION

Photiades 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
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
The turnover shown in the profit and loss account represents services provided during the year, exclusive of Value Added Tax. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Goodwill
Goodwill relates to the acquisition of a business in 2012 which is being amortised evenly over its estimated useful life of ten years and another acquisition of a business in 2015 which 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.
Freehold property - not provided
Fixtures and fittings - 15% on cost
Computer equipment - 20% on cost

No depreciation has been charged on freehold property. The property is regularly reviewed for impairment.

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.

Photiades Ltd (Registered number: 07997685)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

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 13 (2024 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 166,580
AMORTISATION
At 1 April 2024
and 31 March 2025 166,580
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2024 27,530 8,982 28,018 64,530
Additions - - 8,201 8,201
Disposals - (1,521 ) (11,662 ) (13,183 )
At 31 March 2025 27,530 7,461 24,557 59,548
DEPRECIATION
At 1 April 2024 - 4,987 22,257 27,244
Charge for year - 1,049 3,549 4,598
Eliminated on disposal - (913 ) (11,662 ) (12,575 )
At 31 March 2025 - 5,123 14,144 19,267
NET BOOK VALUE
At 31 March 2025 27,530 2,338 10,413 40,281
At 31 March 2024 27,530 3,995 5,761 37,286

Photiades Ltd (Registered number: 07997685)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 213,785 187,845
Other debtors 32,967 -
Tax - 6,278
VAT 1,154 -
Prepayments and accrued income 183,932 237,331
431,838 431,454

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 11,311 9,962
Tax 60,942 73,571
Social security and other taxes 11,700 17,195
VAT - 69,400
Directors' current accounts 980 987
Accrued expenses 13,050 9,858
97,983 180,973

8. SECURED DEBTS

A Debenture dated 29 May 2012 was created by the company for securing all monies due or to become due from the company to Barclays Bank PLC on any account whatsoever.

9. RELATED PARTY DISCLOSURES

During the year the company paid dividends of £154,000 (2024 - £205,000) to the directors of the company.

At the year end the company owed £91 to the director Mr W Harvey (2024- £423)

At the year end the company owed £889. to the director Mr D Shiebert (2024 - £183)

At the year end the company owed £NIL to the director Mr J Cox (2024 - £381)