DE Photo (Franchising) Limited 31/03/2025 iXBRL

Company registration number: 05160591

DE Photo (Franchising) Limited

Unaudited filleted financial statements

31 March 2025

DE Photo (Franchising) Limited

Contents

Statement of financial position

Notes to the financial statements

DE Photo (Franchising) Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	818		2,537
Tangible assets	6	75,142		97,484
		_______		_______
			75,960		100,021

Current assets
Debtors	7	57,682		35,802
Cash at bank and in hand		6		6
		_______		_______
		57,688		35,808
Creditors: amounts falling due
within one year	8	( 212,459)		( 177,323)
		_______		_______
Net current liabilities			( 154,771)		( 141,515)
			_______		_______
Total assets less current liabilities			( 78,811)		( 41,494)

Creditors: amounts falling due
after more than one year	9		( 39,444)		( 83,185)
			_______		_______
Net liabilities			( 118,255)		( 124,679)
			_______		_______

Capital and reserves
Called up share capital			140		140
Profit and loss account			( 118,395)		( 124,819)
			_______		_______
Shareholders deficit			( 118,255)		( 124,679)
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 27 October 2025 , and are signed on behalf of the board by:

Mr M R Moore

Director

Company registration number: 05160591

DE Photo (Franchising) Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit E1 Moor Hall, Sandhawes Hill, East Grinstead, RH19 3NR.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

At 31 March 2025 the company had excess liabilities over assets totalling £118,255. The company is dependent upon the continued financial support of its creditors and on the basis that this support is forthcoming, the director considers it appropriate for the financial statements to be prepared on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Website development	-	20 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	25 %	reducing balance
Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 6 ).

5. Intangible assets

	Other intangible assets	Total
	£	£
Cost
At 1 April 2024	53,437	53,437
Additions	925	925
	_______	_______
At 31 March 2025	54,362	54,362
	_______	_______
Amortisation
At 1 April 2024	50,900	50,900
Charge for the year	2,644	2,644
	_______	_______
At 31 March 2025	53,544	53,544
	_______	_______
Carrying amount
At 31 March 2025	818	818
	_______	_______
At 31 March 2024	2,537	2,537
	_______	_______

6. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	13,120	213,977	112,849	339,946
Additions	-	2,315	-	2,315
	_______	_______	_______	_______
At 31 March 2025	13,120	216,292	112,849	342,261
	_______	_______	_______	_______
Depreciation
At 1 April 2024	12,453	201,110	28,899	242,462
Charge for the year	168	3,502	20,987	24,657
	_______	_______	_______	_______
At 31 March 2025	12,621	204,612	49,886	267,119
	_______	_______	_______	_______
Carrying amount
At 31 March 2025	499	11,680	62,963	75,142
	_______	_______	_______	_______
At 31 March 2024	667	12,867	83,950	97,484
	_______	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	49,507	31,425
Other debtors	8,175	4,377
	_______	_______
	57,682	35,802
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	33,742	27,456
Trade creditors	78,143	41,738
Amounts owed to group undertakings	1,431	1,431
Social security and other taxes	2,929	7,549
Other creditors	96,214	99,149
	_______	_______
	212,459	177,323
	_______	_______

Obligations under finance leases totalling £33,741 (2024 - £20,629) are secured on the assets concerned.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	39,444	83,185
	_______	_______

Obligations under finance leases totalling £31,316 (2024 - £65,057) are secured on the assets concerned.

10. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Later than 5 years	71,688	99,438
	_______	_______

11. Directors advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

2025
	Balance brought forward	Advances /(credits) to the directors	Balance o/standing
	£	£	£
Mr M R Moore	( 51,493)	991	( 50,502)
	_______	_______	_______

2024
	Balance brought forward	Advances /(credits) to the directors	Balance o/standing
	£	£	£
Mr M R Moore	( 56,427)	4,934	( 51,493)
	_______	_______	_______

The loan is provided on an interest free basis and is repayable on demand.

12. Controlling party

The company is under the control of M R Moore by virtue of his shareholding in the company's parent undertaking, Event Photos Group Limited.