IRIS Accounts Production v25.3.0.601 07159567 Board of Directors 1.3.24 28.2.25 28.2.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07159567 2024-02-29 07159567 2025-02-28 07159567 2024-03-01 2025-02-28 07159567 2023-02-28 07159567 2023-03-01 2024-02-29 07159567 2024-02-29 07159567 ns15:EnglandWales 2024-03-01 2025-02-28 07159567 ns14:PoundSterling 2024-03-01 2025-02-28 07159567 ns10:Director1 2024-03-01 2025-02-28 07159567 ns10:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 07159567 ns10:SmallEntities 2024-03-01 2025-02-28 07159567 ns10:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 07159567 ns10:SmallCompaniesRegimeForDirectorsReport 2024-03-01 2025-02-28 07159567 ns10:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 07159567 ns10:FullAccounts 2024-03-01 2025-02-28 07159567 1 2024-03-01 2025-02-28 07159567 ns10:Director2 2024-03-01 2025-02-28 07159567 ns10:RegisteredOffice 2024-03-01 2025-02-28 07159567 ns5:CurrentFinancialInstruments 2025-02-28 07159567 ns5:CurrentFinancialInstruments 2024-02-29 07159567 ns5:Non-currentFinancialInstruments 2025-02-28 07159567 ns5:Non-currentFinancialInstruments 2024-02-29 07159567 ns5:ShareCapital 2025-02-28 07159567 ns5:ShareCapital 2024-02-29 07159567 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 07159567 ns5:RetainedEarningsAccumulatedLosses 2024-02-29 07159567 ns5:NetGoodwill 2024-03-01 2025-02-28 07159567 ns5:PlantMachinery 2024-03-01 2025-02-28 07159567 ns5:NetGoodwill 2024-02-29 07159567 ns5:NetGoodwill 2025-02-28 07159567 ns5:NetGoodwill 2024-02-29 07159567 ns5:PlantMachinery 2024-02-29 07159567 ns5:PlantMachinery 2025-02-28 07159567 ns5:PlantMachinery 2024-02-29 07159567 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28 07159567 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-02-29 07159567 ns5:WithinOneYear 2025-02-28 07159567 ns5:WithinOneYear 2024-02-29

REGISTERED NUMBER: 07159567 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

PHOTOGRAPHIC SYNERGY LIMITED

PHOTOGRAPHIC SYNERGY LIMITED (REGISTERED NUMBER: 07159567) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| PHOTOGRAPHIC SYNERGY LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 28 FEBRUARY 2025

| DIRECTORS: | M A Booth

| Dr D Patel

| REGISTERED OFFICE: | Willows Farm Village

| Coursers Road

| London Colney

| St Albans

| Hertfordshire

| AL4 0PF

| REGISTERED NUMBER: | 07159567 (England and Wales)

| ACCOUNTANTS: | Christian Douglass Accountants Limited

| Chartered Accountants

| 2 Jordan Street

| Knott Mill

| Manchester

| M15 4PY

PHOTOGRAPHIC SYNERGY LIMITED (REGISTERED NUMBER: 07159567) |

BALANCE SHEET

28 FEBRUARY 2025

| 28.2.25 | 29.2.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | 6,333 |  |

Tangible assets | 5 | 4,384 |  | 6,767 |  |

4,384 |  | 13,100 |  |

CURRENT ASSETS

Debtors | 6 | 89,378 |  | 101,203 |  |

Cash at bank | 1,799 |  | 10,877 |  |

91,177 |  | 112,080 |  |

CREDITORS

Amounts falling due within one year | 7 | 203,876 |  | 235,932 |  |

NET CURRENT LIABILITIES | (112,699 | ) | (123,852 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (108,315 | ) | (110,752 | ) |

CREDITORS

Amounts falling due after more than one year | 8 | 11,657 |  | 22,255 |  |

NET LIABILITIES | (119,972 | ) | (133,007 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (120,072 | ) | (133,107 | ) |

(119,972 | ) | (133,007 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 23 October 2025 and were signed on its behalf by:

M A Booth - Director

PHOTOGRAPHIC SYNERGY LIMITED (REGISTERED NUMBER: 07159567) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1. | STATUTORY INFORMATION

| Photographic Synergy Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 07159567 and its registered office is at Photographic Synergy, Willows Farm Village, Coursers Road, London Colney, St Albans, Herts, AL4 0PF.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| At the balance sheet date the company had net liabilities of £119,972 (2024: £133,007). The directors have reviewed the business operations and made changes where necessary to ensure, as far as possible, that the future trading periods are profitable. On this basis, and with the continued financial support of key creditors, the going concern basis of preparation of these financial statements is appropriate.

| 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

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation or impairment losses. Goodwill, being the amount paid in connection with the business acquisition, is being amortised evenly over its useful economic life of 10 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 etc | - | 15% on cost

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

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

PHOTOGRAPHIC SYNERGY LIMITED (REGISTERED NUMBER: 07159567) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 March 2024

| and 28 February 2025 | 95,000 |  |

| AMORTISATION

| At 1 March 2024 | 88,667 |  |

| Charge for year | 6,333 |  |

| At 28 February 2025 | 95,000 |  |

| NET BOOK VALUE

| At 28 February 2025 | - |  |

| At 29 February 2024 | 6,333 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 March 2024

| and 28 February 2025 | 79,772 |  |

| DEPRECIATION

| At 1 March 2024 | 73,005 |  |

| Charge for year | 2,383 |  |

| At 28 February 2025 | 75,388 |  |

| NET BOOK VALUE

| At 28 February 2025 | 4,384 |  |

| At 29 February 2024 | 6,767 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 28.2.25 |  | 29.2.24

£ | £ |

| Trade debtors | 49,202 |  | 60,006 |  |

| Other debtors | 40,176 |  | 41,197 |  |

89,378 |  | 101,203 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 28.2.25 |  | 29.2.24

£ | £ |

| Bank loans and overdrafts | 24,682 |  | 12,717 |  |

| Trade creditors | 9,567 |  | 12,450 |  |

| Amounts owed to connected undertakings | 134,591 |  | 179,729 |  |

| Taxation and social security | 9,171 |  | 7,883 |  |

| Other creditors | 25,865 |  | 23,153 |  |

203,876 |  | 235,932 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 28.2.25 |  | 29.2.24

£ | £ |

| Bank loans | 11,657 |  | 22,255 |  |

PHOTOGRAPHIC SYNERGY LIMITED (REGISTERED NUMBER: 07159567) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 28.2.25 |  | 29.2.24

£ | £ |

| Within one year | 15,567 |  | 15,261 |  |