PICTURE CONSTRUCTION LIMITED

Registered Number: 05045333 PICTURE CONSTRUCTION LIMITED
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	3,146	4,718
		3,146	4,718
Current assets
Debtors	4	30,179	27,879
Cash at bank and in hand		(5,774)	(897)
		24,405	26,982
Creditors: amount falling due within one year	5	(35,935)	(16,727)
Net current assets		(11,530)	10,255

Total assets less current liabilities		(8,384)	14,973
Creditors: amount falling due after more than one year	6	(18,166)	(21,307)
Accruals and deferred income		(6,644)	0
Net assets		(33,194)	(6,334)

Capital and reserves
Called up share capital		1	1
Profit and loss account		(33,195)	(6,335)
Shareholders' funds		(33,194)	(6,334)

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 02 June 2025 and were signed by:

-------------------------------
Philip John Eastabrook
Director

PICTURE CONSTRUCTION LIMITED
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

PICTURE CONSTRUCTION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05045333, registration address Botany House Bolter End Lane, Wheeler End, High Wycombe, HP14 3ND.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, 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:

Plant and Machinery	25% Reducing Balance
Computer Equipment	25% Reducing Balance

2.	Average number of employees Average number of employees during the year was 1 (2024 : 1).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Computer Equipment	Total
	£	£	£
At 01 April 2024	10,271	50,505	60,776
Additions	-	-	-
Disposals	-	-	-
At 31 March 2025	10,271	50,505	60,776
Depreciation
At 01 April 2024	8,683	47,375	56,058
Charge for year	529	1,043	1,572
On disposals	-	-	-
At 31 March 2025	9,212	48,418	57,630
Net book values
Closing balance as at 31 March 2025	1,059	2,087	3,146
Opening balance as at 01 April 2024	1,588	3,130	4,718

Debtors: amounts falling due within one year

	2025 £		2024 £
Other Debtors	7,615		7,615
	7,615		7,615

Debtors: amounts falling due after one year

	2025 £		2024 £
Directors' Loan Accounts	22,564		20,264
	22,564		20,264

Creditors: amount falling due within one year

	2025 £	2024 £
Corporation Tax	11,824	15,171
PAYE & Social Security	697	607
Accrued Expenses	850	948
Other Creditors	0	1
Directors' Current Accounts	22,564	0
	35,935	16,727

Creditors: amount falling due after more than one year

	2025 £		2024 £
Bank Loans & Overdrafts	18,166		21,307
	18,166		21,307

Registered Number: 05045333
England and Wales
PICTURE CONSTRUCTION LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 April 2024 End date: 31 March 2025