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Company No: 04852178 (England and Wales)

# PHIL ROWLEY PHOTOGRAPHY LIMITED

### Unaudited Financial Statements
For the financial year ended 31 July 2025
Pages for filing with the registrar

PHIL ROWLEY PHOTOGRAPHY LIMITED

## Unaudited Financial Statements

For the financial year ended 31 July 2025

Contents

PHIL ROWLEY PHOTOGRAPHY LIMITED

## BALANCE SHEET

As at 31 July 2025
PHIL ROWLEY PHOTOGRAPHY LIMITED

## BALANCE SHEET (continued)

As at 31 July 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 5,355 |  | 6,872
|  | 5,355 |  | 6,872
Current assets |  |  |  |
Debtors | 4 | 10,600 |  | 0
Cash at bank and in hand |  | 31,415 |  | 55,822
|  | 42,015 |  | 55,822
Creditors: amounts falling due within one year | 5 | ( 25,327) |  | ( 29,795)
Net current assets |  | 16,688 |  | 26,027
Total assets less current liabilities |  | 22,043 |  | 32,899
Net assets |  | 22,043 |  | 32,899
Capital and reserves |  |  |  |
Called-up share capital | 6 | 15 |  | 15
Capital redemption reserve |  | 75 |  | 75
Profit and loss account |  | 21,953 |  | 32,809
Total shareholders' funds |  | 22,043 |  | 32,899

For the financial year ending 31 July 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Phil Rowley Photography Limited (registered number: 04852178) were approved and authorised for issue by the Director on 10 December 2025. They were signed on its behalf by:

P Rowley Director |

PHIL ROWLEY PHOTOGRAPHY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025
PHIL ROWLEY PHOTOGRAPHY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Phil Rowley Photography Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 Corbiere Avenue, Poole, BH12 4JJ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Tangible assets

| Plant and machinery |  | Total
| £ |  | £
Cost |  |  |
At 01 August 2024 | 28,545 |  | 28,545
Additions | 923 |  | 923
At 31 July 2025 | 29,468 |  | 29,468
Accumulated depreciation |  |  |
At 01 August 2024 | 21,673 |  | 21,673
Charge for the financial year | 2,440 |  | 2,440
At 31 July 2025 | 24,113 |  | 24,113
Net book value |  |  |
At 31 July 2025 | 5,355 |  | 5,355
At 31 July 2024 | 6,872 |  | 6,872

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 10,600 |  | 0

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Corporation tax | 1,719 |  | 2,177
Other taxation and social security | 36 |  | 800
Other creditors | 23,572 |  | 26,818
| 25,327 |  | 29,795

#### 6. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
15 Ordinary shares of £ 1.00 each | 15 |  | 15