REGISTERED NUMBER: 04656482 (England and Wales)

THE PHOTO STUDIO (TEWKESBURY) LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

Director:

N W Jones

Registered office:

22 High Street

Tewkesbury

Gloucestershire

GL20 5AL

Registered number:

04656482 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

CUBO Birmingham

4th Floor

Two Chamberlain Square

Birmingham

West Midlands

B3 3AX

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

9,204

12,393

9,204

12,393

Current assets

Stocks

22,382

26,664

Debtors

6

818

789

Cash at bank

24,029

27,100

47,229

54,553

Creditors

Amounts falling due within one year

7

53,819

74,242

Net current liabilities

(6,590

)

(19,689

)

Total assets less current liabilities

2,614

(7,296

)

Capital and reserves

Called up share capital

2

2

Retained earnings

2,612

(7,298

)

Shareholders' funds

2,614

(7,296

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 16 September 2025 and were signed by:

N W Jones - Director

1.	Statutory information

The Photo Studio (Tewkesbury) 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

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

-

10% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	Employees and directors

The average number of employees during the year was 3 (2024 - 3 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2024

and 31 March 2025

5,000

Amortisation

At 1 April 2024

and 31 March 2025

5,000

Net book value

At 31 March 2025

-

At 31 March 2024

-

5.	Tangible fixed assets

Plant and

machinery

£

Cost

At 1 April 2024

60,325

Additions

1,131

At 31 March 2025

61,456

Depreciation

At 1 April 2024

47,932

Charge for year

4,320

At 31 March 2025

52,252

Net book value

At 31 March 2025

9,204

At 31 March 2024

12,393

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

-

18

Prepayments

818

771

818

789

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Other loans

15,000

15,000

Trade creditors

4,602

4,181

VAT

2,716

2,927

Directors' current accounts

30,488

50,910

Accrued expenses

1,013

1,224

53,819

74,242