Company Registration No. 01691333
PICTUREBANK PHOTO LIBRARY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
PICTUREBANK PHOTO LIBRARY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
PICTUREBANK PHOTO LIBRARY LIMITED
COMPANY INFORMATION
Director
M R Bagge
Company number
01691333
Registered office
Unit 7 Princess Court
Horace Road
Kingston Upon Thames
Surrey
United Kingdom
KT1 2SL
PICTUREBANK PHOTO LIBRARY LIMITED
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
79
101
Investments
4
94,506
94,966
94,585
95,067
Current assets
Debtors
5
1,238
1,140
Cash at bank and in hand
5,503
5,808
6,741
6,948
Creditors: amounts falling due within one year
6
(150,199)
(137,164)
Net current liabilities
(143,458)
(130,216)
Total assets less current liabilities
(48,873)
(35,149)
Creditors: amounts falling due after more than one year
7
-
0
(1,250)
Net liabilities
(48,873)
(36,399)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(48,973)
(36,499)
Total equity
(48,873)
(36,399)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

PICTUREBANK PHOTO LIBRARY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2025
31 July 2025
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 13 April 2026
M R Bagge
Director
Company Registration No. 01691333
PICTUREBANK PHOTO LIBRARY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 3 -
1
Accounting policies
Company information

Picturebank Photo Library Limited is a private company limited by shares incorporated in England and Wales. The registered office address can be found on the company information page.

1.1
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 as modified by the revaluation of certain assets.

The financial statements are presented in United Kingdom pound sterling which is the functional currency of the company and rounded to the nearest £.

1.2
Going concern

The financial statements are prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.

The director continues to take all available steps to maintain sufficient resources in order that the business can continue. Consequently, he has a reasonable expectation that the company will have sufficient funds to continue to meet its liabilities as they fall due for the foreseeable future and therefore has prepared the financial statements on a going concern basis.

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.4
Tangible fixed assets

Tangible fixed assets are stated at original historical cost less aggregate depreciation and any impairment losses.

Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset on a reducing balance basis over its estimated useful life as follows:

Fixtures and fittings
15% per annum
Computer equipment
33 1/3% per annum
1.5
Impairment of fixed assets

Assets are reviewed for impairment at each balance sheet date. If any indication of impairment exists, an impairment loss is recognised in the profit and loss account.

1.6
Taxation

Taxation for the year comprises current and deferred tax. 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

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.

1.7
Employee benefits

When employees have rendered service to the company, wages to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

PICTUREBANK PHOTO LIBRARY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 4 -
1.8

Debtors and creditors receivable / payable within one year

Debtors and creditors receivable or payable within one year are recorded at transaction price.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 August 2024 and 31 July 2025
10,367
6,786
17,153
Depreciation
At 1 August 2024
10,301
6,751
17,052
Depreciation charged in the year
10
12
22
At 31 July 2025
10,311
6,763
17,074
Net book value
At 31 July 2025
56
23
79
At 31 July 2024
66
35
101
4
Fixed asset investments
Listed investments
£
Cost or valuation
At 1 August 2024
94,966
Additions
3,018
Revaluations
22,749
Disposals
(26,227)
At 31 July 2025
94,506
Net book value
At 31 July 2025
94,506
At 31 July 2024
94,966
PICTUREBANK PHOTO LIBRARY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 5 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
81
81
Other debtors
1,157
1,059
1,238
1,140
6
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
150,199
137,164
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other loans
-
0
1,250
8
Directors' advances, credits and guarantees

At the year end the company owed £144,020 to the director M R Bagge (20 24: £131,706).

9
Ultimate controlling party

The controlling party is M R Bagge.

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