Mifsuds Photographic Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2

Registered number: 06858138

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets			8,726		11,339

			8,726		11,339
CURRENT ASSETS
Stocks		81,275		92,750
Debtors		37,346		476
Cash at bank and in hand		40,076		185,685

		158,697		278,911
Creditors: Amounts Falling Due Within One Year		(42,198 )		(122,546 )

NET CURRENT ASSETS (LIABILITIES)			116,499		156,365

TOTAL ASSETS LESS CURRENT LIABILITIES			125,225		167,704

NET ASSETS			125,225		167,704

CAPITAL AND RESERVES
Called up share capital	4		100		100
Profit and Loss Account			125,125		167,604

SHAREHOLDERS' FUNDS			125,225		167,704

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Matthew Mifsud

Director

23/12/2025

The notes on page 2 form part of these financial statements.

1. General Information

Mifsuds Photographic Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06858138 . The registered office is 2 Bridge Farm Offices, Harberton, Totnes, Devon, TQ9 7PP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	20% Reducing Balance
Computer Equipment	20% Reducing Balance

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 5)

4. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100