REGISTERED NUMBER: 07552672 (England and Wales)

Warren Photographic Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K D Taylor

M L Taylor

REGISTERED OFFICE:

Warren House

Albury Heath

Guildford

Surrey

GU5 9DB

REGISTERED NUMBER:

07552672 (England and Wales)

ACCOUNTANTS:

Hughes Waddell

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,875

5,167

3,875

5,167

CURRENT ASSETS

Debtors

6

14,449

2,788

Cash at bank

135,737

130,006

150,186

132,794

CREDITORS

Amounts falling due within one year

7

61,741

60,398

NET CURRENT ASSETS

88,445

72,396

TOTAL ASSETS LESS CURRENT LIABILITIES

92,320

77,563

CREDITORS

Amounts falling due after more than one year

8

2,922

16,922

NET ASSETS

89,398

60,641

CAPITAL AND RESERVES

Called up share capital

103

103

Retained earnings

89,295

60,538

SHAREHOLDERS' FUNDS

89,398

60,641

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 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 12 December 2025 and were signed on its behalf by:

K D Taylor - Director

M L Taylor - Director

1.	STATUTORY INFORMATION

Warren Photographic 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of photographic images during the year, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Photographic equipment

-

25% on reducing balance

Equipment, plant, fixtures & fittings

-

25% on reducing balance

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.

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

150,000

AMORTISATION

At 1 April 2024

and 31 March 2025

150,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Equipment,

plant,

Photographic

fixtures

equipment

& fittings

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

66,463

44,582

111,045

DEPRECIATION

At 1 April 2024

62,502

43,376

105,878

Charge for year

990

302

1,292

At 31 March 2025

63,492

43,678

107,170

NET BOOK VALUE

At 31 March 2025

2,971

904

3,875

At 31 March 2024

3,961

1,206

5,167

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

12,050

650

Directors' loan accounts

2,399

1,935

VAT

-

203

14,449

2,788

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

475

431

Taxation and social security

10,160

1,957

Other creditors

51,106

58,010

61,741

60,398

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

2,922

16,922

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

K D Taylor

Balance outstanding at start of year

1,935

3,853

Amounts advanced

2,399

1,935

Amounts repaid

(1,935

)

(3,853

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,399

1,935

The loan to the director was repaid on 10 September 2025