| Nathan Gallagher Photography Limited |
| Registered Number:08354572 |
For the year ended 31 January 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 January 2025
Nathan Gallagher Photography Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Nathan Gallagher Photography Limited
Statement of Financial Position
2024
2025
| Property, plant and equipment |
11,361
13,944
2
11,361
13,944
| Trade and other receivables |
39,183
34,131
3
22,375
| Cash and cash equivalents |
12,598
46,729
61,558
| Trade and other payables: amounts falling due within one |
| year |
(50,615)
(49,551)
4
10,943
(2,822)
Net current liabilities
| Total assets less current liabilities |
8,539
24,887
| Trade and other payables: amounts falling due after more |
| than one year |
(15,833)
(5,833)
5
(2,702)
(3,264)
| Provisions for liabilities |
4
Net assets
5,790
1
1
3
5,789
4
5,790
Shareholders' funds
| For the year ended 31 January 2025 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 of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 29 October 2025 and were signed by: |
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For the year ended 31 January 2025
Nathan Gallagher Photography Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
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For the year ended 31 January 2025
Nathan Gallagher Photography Limited
Notes to the Financial Statements
Statutory Information
| Nathan Gallagher Photography Limited is a private limited company, limited by shares, domiciled in England and |
| Wales, registration number 08354572. |
F2 East Court
Enterprise Road
Maidstone
Kent
ME10 4HS
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
| The principal accounting policies adopted are set out below. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable for photography services provided in the year, excluding VAT. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Photography Equipment
Fixtures & Fittings
Office Equipment
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Going Concern
| At 31 January 2025, the company had net current liabilities of £2,822. The director has considered the availability of |
| working capital at 31 January 2025 and is of the opinion that this will be sufficient to enable the company to continue |
| operating for at least the 12 months from the date of signing these accounts, and pay its debts as they fall due. The |
| directors have therefore concluded that the accounts should be prepared on a going concern basis. |
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For the year ended 31 January 2025
Nathan Gallagher Photography Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
95,470
3,628
34,156
57,686
4,996
-
381
4,615
62,301
34,537
3,628
100,466
| Provision for depreciation and impairment |
81,526
2,401
29,422
49,703
Charge for year
7,579
544
2,545
4,490
89,105
2,945
31,967
54,193
8,108
2,570
683
11,361
7,983
4,734
1,227
13,944
| 3. Trade and other receivables |
2024
2025
23,680
29,690
10,451
9,493
39,183
34,131
| 4. Trade and other payables: amounts falling due within one year |
2024
2025
10,000
10,000
1,827
136
| Taxation and social security |
29,686
25,017
8,038
15,462
49,551
50,615
| 5. Trade and other payables: amounts falling due after more than one year |
2024
2025
5,833
15,833
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For the year ended 31 January 2025
Nathan Gallagher Photography Limited
Notes to the Financial Statements Continued
| 6. Directors advances and guarantees |
Loaned
Repaid
N Gallagher
Loan repayable on demand
3,410
2,537
3,410
2,537
3,410
2,537
3,410
2,537
| 7. Average number of persons employed |
During the year the average number of employees was 1 (2024 : 1)
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