Brett Harkness Photography Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 05237794

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,012		1,350
Tangible Assets	5		12,243		13,149

			13,255		14,499
CURRENT ASSETS
Debtors	6	50,146		47,647
Cash at bank and in hand		350		836

		50,496		48,483
Creditors: Amounts Falling Due Within One Year	7	(41,987 )		(36,329 )

NET CURRENT ASSETS (LIABILITIES)			8,509		12,154

TOTAL ASSETS LESS CURRENT LIABILITIES			21,764		26,653

Creditors: Amounts Falling Due After More Than One Year	8		(19,242 )		(23,863 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,518 )		(1,570 )

NET ASSETS			4		1,220

CAPITAL AND RESERVES
Called up share capital	10		1,000		1,000
Profit and Loss Account			(996 )		220

SHAREHOLDERS' FUNDS			4		1,220

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Brett Harkness Photography Limited

Balance Sheet (continued)

As At 30 September 2024

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Kristie Bararuk-Harkness

Director

23/09/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Brett Harkness Photography Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05237794 . The registered office is 5A Marsh Mill Village, Fleetwood Road North, Thornton Cleveleys, FY5 4JZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% reducing balance
Fixtures & Fittings	15% reducing balance
Computer Equipment	15% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Brett Harkness Photography Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Intangible Assets

	Other
	£
Cost
As at 1 October 2023	16,000

As at 30 September 2024	16,000

Amortisation
As at 1 October 2023	14,650
Provided during the period	338

As at 30 September 2024	14,988

Net Book Value
As at 30 September 2024	1,012

As at 1 October 2023	1,350

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 October 2023	27,950	14,502	11,900	54,352
Additions	1,254	-	-	1,254

As at 30 September 2024	29,204	14,502	11,900	55,606

Depreciation
As at 1 October 2023	21,270	11,407	8,526	41,203
Provided during the period	1,190	464	506	2,160

As at 30 September 2024	22,460	11,871	9,032	43,363

Net Book Value
As at 30 September 2024	6,744	2,631	2,868	12,243

As at 1 October 2023	6,680	3,095	3,374	13,149

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Brett Harkness Photography Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	15,527	11,195
Other debtors	347	-
Directors' loan accounts	30,418	36,452

	46,292	47,647
Due after more than one year
Corporation tax recoverable assets	3,854	-

	50,146	47,647

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	926	1,557
Trade creditors	651	1,144
Bank loans and overdrafts	14,669	13,611
Corporation tax	8,889	5,992
Other taxes and social security	20	-
VAT	9,196	8,388
Accruals and deferred income	7,636	5,637

	41,987	36,329

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	-	764
Bank loans	19,242	23,099

	19,242	23,863

9. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	926	1,557
Later than one year and not later than five years	-	764

	926	2,321

	926	2,321

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	1,000

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Brett Harkness Photography Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 October 2023	Amounts advanced	Amounts repaid	Amounts written off	As at 30 September 2024
	£	£	£	£	£
Mrs Kristie Bararuk-Harkness	18,226	15,209	(18,226 )	-	15,209
Mr Brett Harkness	18,226	15,209	(18,226 )	-	15,209

The above loan is unsecured, interest bearing and repayable on demand.

12. Ultimate Controlling Party

The company's ultimate controlling parties are Brett & Kristie Harkness by virtue of their ownership of 100% of the issued share capital in the company.

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