1 March 2024 false No description of principal activity Taxfiler 2024.6 12487079 business:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 12487079 2024-02-29 12487079 2024-03-01 2025-02-28 12487079 business:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 12487079 business:FilletedAccounts 2024-03-01 2025-02-28 12487079 2025-02-28 12487079 2024-02-29 12487079 core:WithinOneYear 2025-02-28 12487079 core:WithinOneYear 2024-02-29 12487079 core:ShareCapital core:PreviouslyStatedAmount 2025-02-28 12487079 core:ShareCapital core:PreviouslyStatedAmount 2024-02-29 12487079 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-02-28 12487079 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-02-29 12487079 core:PreviouslyStatedAmount 2025-02-28 12487079 core:PreviouslyStatedAmount 2024-02-29 12487079 business:SmallEntities 2024-03-01 2025-02-28 12487079 business:Director1 2024-03-01 2025-02-28 12487079 countries:EnglandWales 2024-03-01 2025-02-28 12487079 business:RegisteredOffice 2024-03-01 2025-02-28 12487079 core:FurnitureFittings 2024-03-01 2025-02-28 12487079 core:ComputerEquipment 2024-03-01 2025-02-28 12487079 core:FurnitureFittings 2024-02-29 12487079 core:ComputerEquipment 2024-02-29 12487079 core:FurnitureFittings 2025-02-28 12487079 core:ComputerEquipment 2025-02-28 12487079 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Company Registration No. 12487079 (England and Wales)
Downing Photographic Ltd Unaudited accounts for the year ended 28 February 2025
Downing Photographic Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
15,888
8,157
Current assets
Debtors
5
5,732
2,080
Cash at bank and in hand
80,553
70,044
86,285
72,124
Creditors: amounts falling due within one year
6
(23,502)
(18,863)
Net current assets
62,783
53,261
Net assets
78,671
61,418
Capital and reserves
Called up share capital
100
100
Profit and loss account
78,571
61,318
Shareholders' funds
78,671
61,418
For the year ending 28 February 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 November 2025 and were signed on its behalf by
J A Downing Director Company Registration No. 12487079
- 2 -
Downing Photographic Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Downing Photographic Ltd is a private company, limited by shares, registered in England and Wales, registration number 12487079. The registered office is 50 Longlands Road, Sidcup, DA15 7LR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% SLM
Computer equipment
25% SLM
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 March 2024
1,318
14,306
15,624
Additions
-
11,662
11,662
At 28 February 2025
1,318
25,968
27,286
Depreciation
At 1 March 2024
445
7,022
7,467
Charge for the year
329
3,602
3,931
At 28 February 2025
774
10,624
11,398
Net book value
At 28 February 2025
544
15,344
15,888
At 29 February 2024
873
7,284
8,157
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
5,732
2,080
- 3 -
Downing Photographic Ltd Notes to the Accounts for the year ended 28 February 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
6,785
-
Taxes and social security
15,762
17,886
Loans from directors
205
85
Accruals
750
892
23,502
18,863
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 4 -