REGISTERED NUMBER: 04560774 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PAUL CORDWELL PHOTOGRAPHY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P H Cordwell

Mrs J A Cordwell

SECRETARY:

Mrs J A Cordwell

REGISTERED OFFICE:

126 Weyhill Road

Andover

Hampshire

SP10 3BE

REGISTERED NUMBER:

04560774 (England and Wales)

ACCOUNTANT:

Richard Kyte Associates

Chartered Certified Accountant

126 Weyhill Road

Andover

Hampshire

SP10 3BE

FIXED ASSETS

Tangible assets

4

5,751

6,559

CURRENT ASSETS

Debtors

5

5,409

25,997

Cash at bank

85,401

38,292

90,810

64,289

CREDITORS

Amounts falling due within one year

6

38,870

34,525

NET CURRENT ASSETS

51,940

29,764

TOTAL ASSETS LESS CURRENT LIABILITIES

57,691

36,323

PROVISIONS FOR LIABILITIES

7

1,093

1,246

NET ASSETS

56,598

35,077

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

9

55,598

34,077

SHAREHOLDERS' FUNDS

56,598

35,077

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

P H Cordwell - Director

1.	STATUTORY INFORMATION

Paul Cordwell Photography 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.

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

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.

Plant and machinery

-

25% on cost

Fixture and Fittings

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixture

Plant and

and

Computer

machinery

Fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

5,806

138,811

3,401

148,018

Disposals

(5,806

)

(116,179

)

-

(121,985

)

At 31 December 2024

-

22,632

3,401

26,033

DEPRECIATION

At 1 January 2024

5,806

133,640

2,013

141,459

Charge for year

-

370

438

808

Eliminated on disposal

(5,806

)

(116,179

)

-

(121,985

)

At 31 December 2024

-

17,831

2,451

20,282

NET BOOK VALUE

At 31 December 2024

-

4,801

950

5,751

At 31 December 2023

-

5,171

1,388

6,559

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

4,500

25,148

Tax

274

-

Prepayments and accrued income

635

849

5,409

25,997

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

84

55

Tax

5,671

4,099

Social security and other taxes

-

497

VAT

1,221

2,443

Other creditors

194

65

Directors' current accounts

31,700

27,366

38,870

34,525

7.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

1,093

1,246

Deferred

tax

£

Balance at 1 January 2024

1,246

Utilised during year

(153

)

Balance at 31 December 2024

1,093

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1,000

Ordinary

1

1,000

1,000

9.

RESERVES

Retained

earnings

£

At 1 January 2024

34,077

Profit for the year

23,521

Dividends

(2,000

)

At 31 December 2024

55,598

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, there was a loan from the directors of £31,700