Registered number
03951138
TOLWORTH PHOTOGRAPHIC LIMITED
Filleted Accounts
31 March 2025
TOLWORTH PHOTOGRAPHIC LIMITED
Report and accounts
Contents
Page
Company information 1
Director's report 2
Profit and loss account 3
Balance sheet 4
Notes to the accounts 5 to 7
TOLWORTH PHOTOGRAPHIC LIMITED
Company Information
Director
B M Dunn
Secretary
G K Potter FAIA
Accountants
N W Potter & Co
International Accountants
Station House
Station Road
Betchworth
Surrey
RH3 7BZ
Trading Address
33 Tolworth Broadway
Tolworth
Surrey
KT6 7DJ
Registered office
Station House
Station Road
Betchworth
Surrey
RH3 7BZ
Registered number
03951138
TOLWORTH PHOTOGRAPHIC LIMITED
Registered number: 03951138
Director's Report
The director presents his report and accounts for the year ended 31 March 2025.
Principal activities
The company's principal activities during the year continued to be the provision of photographic services, picture framing and associated retail products.
Directors
The following persons served as directors during the year:
B M Dunn
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 23 July 2025 and signed on its behalf.
B M Dunn
Director
TOLWORTH PHOTOGRAPHIC LIMITED
Registered number: 03951138
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 2,418 2,418
Tangible assets 4 1,524 1,185
3,942 3,603
Current assets
Stocks 5,850 5,791
Debtors 5 426 1,218
Cash at bank and in hand 625,219 524,857
631,495 531,866
Creditors: amounts falling due within one year 6 (54,072) (41,052)
Net current assets 577,423 490,814
Net assets 581,365 494,417
Capital and reserves
Called up share capital 2 2
Profit and loss account 581,363 494,415
Shareholder's funds 581,365 494,417
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 his 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.
B M Dunn
Director
Approved by the board on 23 July 2025
TOLWORTH PHOTOGRAPHIC LIMITED
Notes to the Accounts
for the year ended 31 March 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery 25% reducing balance
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. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Planning Costs
Cost
At 1 April 2024 2,418
At 31 March 2025 2,418
Amortisation
At 31 March 2025 -
Net book value
At 31 March 2025 2,418
At 31 March 2024 2,418
This asset represents the costs involved in designing and obtaining planning permission for an extension to the shop premises that the Company operates from.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 12,700
Additions 839
At 31 March 2025 13,539
Depreciation
At 1 April 2024 11,515
Charge for the year 500
At 31 March 2025 12,015
Net book value
At 31 March 2025 1,524
At 31 March 2024 1,185
5 Debtors 2025 2024
£ £
Other debtors 426 1,218
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 10,659 5,761
Taxes and social security costs 38,541 33,001
Other creditors 4,872 2,290
54,072 41,052
7 Other information
TOLWORTH PHOTOGRAPHIC LIMITED is a private company limited by shares and incorporated in England. Its registered office is at:
Station House
Station Road
Betchworth
Surrey
RH3 7BZ
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