REGISTERED NUMBER: 09009009 (England and Wales)

STABLES PHOTOGRAPHY STUDIOS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Andersson

G H Poulton

REGISTERED OFFICE:

Studio E, Treowen House

Llanover Business Centre

Llanover

Abergavenny

Monmouthshire

NP7 9HA

REGISTERED NUMBER:

09009009 (England and Wales)

ACCOUNTANTS:

Green & Co

Accountants and Tax Advisors

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

517

331

517

331

CURRENT ASSETS

Stocks

250

240

Debtors

6

52,296

64,040

Cash at bank

4

-

52,550

64,280

CREDITORS

Amounts falling due within one year

7

27,515

25,640

NET CURRENT ASSETS

25,035

38,640

TOTAL ASSETS LESS CURRENT LIABILITIES

25,552

38,971

CREDITORS

Amounts falling due after more than one year

8

(23,898

)

(31,070

)

PROVISIONS FOR LIABILITIES

(98

)

(63

)

NET ASSETS

1,556

7,838

CAPITAL AND RESERVES

Called up share capital

9

66

66

Capital redemption reserve

33

33

Retained earnings

1,457

7,739

SHAREHOLDERS' FUNDS

1,556

7,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th November 2025 and were signed on its behalf by:

P Andersson - Director

1.	STATUTORY INFORMATION

Stables Photography Studios 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five 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.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st May 2024

and 30th April 2025

33,000

AMORTISATION

At 1st May 2024

and 30th April 2025

33,000

NET BOOK VALUE

At 30th April 2025

-

At 30th April 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st May 2024

22,659

4,082

8,666

35,407

Additions

260

-

210

470

At 30th April 2025

22,919

4,082

8,876

35,877

DEPRECIATION

At 1st May 2024

22,544

4,022

8,510

35,076

Charge for year

141

30

113

284

At 30th April 2025

22,685

4,052

8,623

35,360

NET BOOK VALUE

At 30th April 2025

234

30

253

517

At 30th April 2024

115

60

156

331

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

5,089

8,204

Directors' current accounts

34,467

44,196

Other debtors

12,740

11,640

52,296

64,040

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

11,558

10,999

Corporation Tax

1,400

2,081

Social security and other taxes

117

110

VAT

-

1,431

Other creditors

10,139

7,916

Accruals and deferred income

4,301

3,103

27,515

25,640

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

23,898

31,070

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

33

Ordinary A

£1

33

33

33

Ordinary B

£1

33

33

66

66

10.	RELATED PARTY DISCLOSURES

The company had the following outstanding directors loans at the year end:

- G H Poulton owed £22,069 (2024 - £26,814)

- P Andersson owed £12,398 (2024 - £17,382)