REGISTERED NUMBER: 01945826 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

FRANK WILKINSON CAMERAS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

Mr F Wilkinson

Mr D K Parkinson

Miss A L Wilkinson

Mr P M Edmondson

Mrs A Schultz

Mr J Cooke

Secretary:

Mr D K Parkinson

Registered office:

Unit 25 Charnley Fold Estate

School Lane

Bamber Bridge

Preston

Lancashire

PR5 6PS

Registered number:

01945826 (England and Wales)

Accountants:

Cowgills Limited

1st Floor Waterside House

Waterside Drive

Wigan

Lancashire

WN3 5AZ

FIXED ASSETS

Tangible assets

5

330,559

384,857

Investments

6

26,530

9,712

357,089

394,569

CURRENT ASSETS

Stocks

2,125,032

2,397,864

Debtors

7

487,106

261,828

Cash at bank and in hand

179,408

174,186

2,791,546

2,833,878

CREDITORS

Amounts falling due within one year

8

823,258

770,028

NET CURRENT ASSETS

1,968,288

2,063,850

TOTAL ASSETS LESS CURRENT LIABILITIES

2,325,377

2,458,419

CREDITORS

Amounts falling due after more than one year

9

-

(13,334

)

PROVISIONS FOR LIABILITIES

10

(44,702

)

(74,964

)

NET ASSETS

2,280,675

2,370,121

CAPITAL AND RESERVES

Called up share capital

11

1,733

1,733

Share premium

154,900

154,900

Capital redemption reserve

519

519

Retained earnings

2,123,523

2,212,969

SHAREHOLDERS' FUNDS

2,280,675

2,370,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2025 and were signed on its behalf by:

Mr D K Parkinson - Director

Mr F Wilkinson - Director

1.	STATUTORY INFORMATION

Frank Wilkinson Cameras Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Straight line over the life of the lease

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Website development

-

33% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The tax expenses for the year comprises current and deferred tax. Tax is recognised in the income statement, except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the balance sheet date.

Current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the income statement

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2024 - 44 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

Website

leasehold

fittings

vehicles

development

Totals

£

£

£

£

£

COST

At 1 March 2024

120,262

1,587,338

104,418

77,723

1,889,741

Additions

-

12,714

20,490

-

33,204

At 28 February 2025

120,262

1,600,052

124,908

77,723

1,922,945

DEPRECIATION

At 1 March 2024

112,100

1,288,473

50,197

54,114

1,504,884

Charge for year

1,166

60,721

17,824

7,791

87,502

At 28 February 2025

113,266

1,349,194

68,021

61,905

1,592,386

NET BOOK VALUE

At 28 February 2025

6,996

250,858

56,887

15,818

330,559

At 29 February 2024

8,162

298,865

54,221

23,609

384,857

6.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 March 2024

1

9,711

9,712

Revaluations

-

16,818

16,818

At 28 February 2025

1

26,529

26,530

NET BOOK VALUE

At 28 February 2025

1

26,529

26,530

At 29 February 2024

1

9,711

9,712

Cost or valuation at 28 February 2025 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2025

-

16,818

16,818

Cost

1

9,711

9,712

1

26,529

26,530

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

43,201

46,613

Amounts owed by group undertakings

380,784

144,555

Other debtors

63,121

70,660

487,106

261,828

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

13,334

44,377

Trade creditors

475,550

506,576

Taxation and social security

136,485

200,122

Other creditors

197,889

18,953

823,258

770,028

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

-

13,334

10.	PROVISIONS FOR LIABILITIES

28.2.25

29.2.24

£

£

Deferred tax

44,702

74,964

Deferred

tax

£

Balance at 1 March 2024

74,964

Provided during year

(30,262

)

Balance at 28 February 2025

44,702

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

1,733

Ordinary

£1

1,733

1,733

12.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Frank Wilkinson Cameras Holdings Limited.