Clapham Picture Framers Limited

Registered number

06956839

Filleted Accounts

31 July 2025

Clapham Picture Framers Limited
Registered number:		06956839
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		65,245			5
Tangible assets	4		7,134			1
			72,379			6

Current assets
Debtors	5	3,300			3,300
Cash at bank and in hand		16,205			60,061
		19,505			63,361

Creditors: amounts falling due within one year	6	37,272			29,283

Net current assets			56,777			92,644

Total assets less current liabilities			129,156			92,650

Creditors: amounts falling due after more than one year	7		(68,827)			(10,000)



Net assets			60,329			82,650

Capital and reserves
Called up share capital			100			100
Profit and loss account			60,229			82,550

Shareholders' funds			60,329			82,650

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.




Mr R J Maxwell
Director
Approved by the board on 10 September 2025

Clapham Picture Framers Limited
Notes to the Accounts
for the year ended 31 July 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.

	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:

	Goodwill	10% Straight line
	Plant and machinery	25% Straight line

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		4		4


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 August 2024				138,685
	Additions				65,240
	At 31 July 2025				203,925

	Amortisation
	At 1 August 2024				138,680
	At 31 July 2025				138,680

	Net book value
	At 31 July 2025				65,245
	At 31 July 2024				5

	Purchased goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.






4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 August 2024				13,017
	Additions				9,510
	At 31 July 2025				22,527

	Depreciation
	At 1 August 2024				13,016
	Charge for the year				2,377
	At 31 July 2025				15,393

	Net book value
	At 31 July 2025				7,134
	At 31 July 2024				1


5	Debtors		2025		2024
£				£

	Other debtors		3,300		3,300


6	Creditors: amounts falling due within one year		2025		2024
£				£

	Corporation tax		1,066		4,887
	Director's current account		(47,473)		(48,193)
	Other taxes and social security costs		9,135		13,258
	Other creditors		-		765
			(37,272)		(29,283)


7	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		48,827		-
	Other loans		20,000		10,000
			68,827		10,000









8	Other financial commitments		2025		2024
£				£

	Total future minimum payments under non-cancellable operating leases		6,835		6,835


9	Related party transactions

	The company paid the director £720 for home office expenses.


10	Controlling party

	The company is controlled by Mr R J Maxwell by virtue of his ownership of all of the issued share capital.


11	Other information

	Clapham Picture Framers Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Three Oaks
	White Lane, Ash Green
	Guildford
	Surrey
	GU12 6HW