Moda Photography Limited - Filleted accounts

Registered number

12342111

Moda Photography Limited

Filleted Accounts

30 September 2022

Moda Photography Limited
Registered number:		12342111
Balance Sheet
as at 30 September 2022

Notes			2022			2021
£				£
Fixed assets
Tangible assets	3		15,774			19,635

Current assets
Debtors	4	14,462			7,050
Cash at bank and in hand		859			6,144
		15,321			13,194

Creditors: amounts falling due within one year	5	(11,104)			(3,180)

Net current assets			4,217			10,014

Total assets less current liabilities			19,991			29,649

Creditors: amounts falling due after more than one year	6		(20,846)			(29,503)



Net (liabilities)/assets			(855)			146

Capital and reserves
Called up share capital			100			100
Profit and loss account			(955)			46

Shareholders' funds			(855)			146

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Yigit Savaskan
Director
Approved by the board on 13 December 2025

Moda Photography Limited
Notes to the Accounts
for the period from 1 November 2021 to 30 September 2022


1	Accounting policies

	Basis of preparation
	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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			over 5 years
	Motor vehicles			over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees					2022		2021
Number							Number

	Average number of persons employed by the company					1		1


3	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 November 2021			6,013		15,050		21,063
	At 30 September 2022			6,013		15,050		21,063

	Depreciation
	At 1 November 2021			751		677		1,428
	Charge for the period			1,102		2,759		3,861
	At 30 September 2022			1,853		3,436		5,289

	Net book value
	At 30 September 2022			4,160		11,614		15,774
	At 31 October 2021			5,262		14,373		19,635


4	Debtors					2022		2021
£							£

	Trade debtors					7,590		7,050
	Other debtors					6,872		-
						14,462		7,050


5	Creditors: amounts falling due within one year					2022		2021
£							£

	Trade creditors					-		833
	Taxation and social security costs					10,103		2,347
	Other creditors					1,001		-
						11,104		3,180


6	Creditors: amounts falling due after one year					2022		2021
£							£

	Bank loans					41,206		48,130
	Other creditors					(20,360)		(18,627)
						20,846		29,503


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Yigit Savaskan
	Director loan	20,360		-		-		20,360

		20,360		-		-		20,360


8	Other information

	Moda Photography Limited is a private company limited by shares and incorporated in England. Its registered office is:
	37 Birchwood Street
	King's Lynn
	England
	PE30 2AG