Simon Brown Photography Ltd

(Registration number: 06844374)
Balance Sheet as at 31 March 2025

	Note	31.03.25		31.03.24
		£	£	£	£
FIXED ASSETS
Tangible assets	4		82,767		19,404
CURRENT ASSETS
Debtors	5	21,050		43,188
Cash at bank and in hand		3,740		11,000
		24,790		54,188
CREDITORS
Creditors within 1yr	6	72,234		34,948
Net current (liabilities)/assets			(47,444)		19,240
Total assets less current liabilities			35,323		38,644
Creditors Amounts falling due after more than one year	6		654		9,367
PROVISIONS FOR LIABILITIES			(20,692)		-
Net assets			13,977		29,277
CAPITAL AND RESERVES
Called up share capital			100		100
Profit and loss account			13,877		29,177
Shareholders' funds			13,977		29,277

For the financial 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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Director's responsibilities:

Simon Brown Photography Ltd

(Registration number: 06844374)
Balance Sheet as at 31 March 2025 (continued)

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

Approved and authorised by the director on 8 December 2025

......................................... S Brown Director

Simon Brown Photography Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1.	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the director on 8 December 2025.

2.	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Simon Brown Photography Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Improvements to property	10% straight line basis
Plant and machinery	25% straight line basis
Fixtures and fittings	25% straight line basis
Computer equipment	33.33% straight line basis
Motor vehicles	20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Simon Brown Photography Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3.	Staff numbers

The average number of persons employed by the company during the year, was 0 (2024 - 0).

Simon Brown Photography Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4.	Tangible assets

	Land and buildings £	Plant and machinery  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	6,100	26,561	29,995	62,656
Additions	-	76,671	-	76,671
Disposals	(6,100)	-	-	(6,100)
At 31 March 2025	-	103,232	29,995	133,227
Depreciation
At 1 April 2024	6,100	19,155	17,997	43,252
Charge for the year	-	7,309	5,999	13,308
Eliminated on disposal	(6,100)	-	-	(6,100)
At 31 March 2025	-	26,464	23,996	50,460
Carrying amount
At 31 March 2025	-	76,768	5,999	82,767
At 31 March 2024	-	7,406	11,998	19,404

Simon Brown Photography Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5.

Debtors

	31.03.25 £	31.03.24 £
Trade debtors	9,988	24,854
Prepayments	-	16,250
Other debtors	11,062	2,084
	21,050	43,188

6.

Creditors

Creditors: amounts falling due within one year

	Note	31.03.25 £	31.03.24 £
Due within one year
Loans and borrowings	7	11,357	7,628
Trade creditors		272	830
Taxation and social security		415	13,949
Accruals and deferred income		2,750	2,750
Other creditors		57,440	9,791
		72,234	34,948