Paul Craig Interior Photography Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10661961 (England and Wales)

PAUL CRAIG INTERIOR PHOTOGRAPHY LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P L M Craig

SECRETARY:

T S Dawson

REGISTERED OFFICE:

The Workshop

Suite 5 Cherrytree

Union Road

Sheffield

S11 9EF

REGISTERED NUMBER:

10661961 (England and Wales)

ACCOUNTANTS:

Duncan Chartered Accountants

5 Cherrytree

Union Road

Sheffield

South Yorkshire

S11 9EF

FIXED ASSETS

Tangible assets

4

1,968

3,677

CURRENT ASSETS

Stocks

5,498

-

Debtors

5

9,155

16,710

Cash at bank

20,983

17,399

35,636

34,109

CREDITORS

Amounts falling due within one year

6

24,704

16,887

NET CURRENT ASSETS

10,932

17,222

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,900

20,899

PROVISIONS FOR LIABILITIES

374

620

NET ASSETS

12,526

20,279

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

12,426

20,179

SHAREHOLDERS' FUNDS

12,526

20,279

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 director acknowledges his 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 director and authorised for issue on 6 November 2025 and were signed by:

P L M Craig - Director

1.	STATUTORY INFORMATION

Paul Craig Interior Photography Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

33% on cost

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

COST

At 1 April 2024

17,306

13,035

30,341

Additions

1,027

-

1,027

Disposals

-

(3,691

)

(3,691

)

At 31 March 2025

18,333

9,344

27,677

DEPRECIATION

At 1 April 2024

16,279

10,385

26,664

Charge for year

1,186

1,550

2,736

Eliminated on disposal

-

(3,691

)

(3,691

)

At 31 March 2025

17,465

8,244

25,709

NET BOOK VALUE

At 31 March 2025

868

1,100

1,968

At 31 March 2024

1,027

2,650

3,677

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

8,896

16,179

Other debtors

259

531

9,155

16,710

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

36

91

Taxation and social security

17,025

8,391

VAT

6,787

6,273

Other creditors

59

Directors' current accounts

81

634

Accruals and deferred income

-

700

Accrued expenses

716

739

24,704

16,887

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

95

A ordinary

1

95

5

B Ordinary

1

5

100