Registered number
12506435
PHOTOMART UK LTD
(PREVIOUSLY KNOWN AS LOUKIL LTD)
Unaudited Filleted Accounts
31 August 2025
TEMPLETONS (HOLDINGS) LIMITED
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG

PHOTOMART UK LTD
Registered number: | 12506435
Balance Sheet
as at 31 August 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 20,719 |  |  | 392
Current assets
Stocks |  |  | 818,256 |  |  | 697,503
Debtors | 4 |  | 188,094 |  |  | 67,644
Cash at bank and in hand |  |  | 45,610 |  |  | 30,034
|  |  | 1,051,960 |  |  | 795,181
Creditors: amounts falling due within one year | 5 |  | (613,048) |  |  | (447,441)
Net current assets |  |  |  | 438,912 |  |  | 347,740
Net assets |  |  |  | 459,631 |  |  | 348,132
Capital and reserves
Called up share capital |  |  |  | 50,000 |  |  | 50,000
Profit and loss account |  |  |  | 409,631 |  |  | 298,132
Shareholder's funds |  |  |  | 459,631 |  |  | 348,132
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Aaron Lotfi David Loukil
Director
Approved by the board on 25 March 2026

PHOTOMART UK LTD
Notes to the Accounts
for the year ended 31 August 2025
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 receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
| 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 | 15 % reducing balance
| Motor Vehicle | 15 % reducing balance
| Stocks
| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
| 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.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
| Foreign currency translation
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 6 |  | 6
3 | Tangible fixed assets
|  |  |  | Plant and machinery etc |  | Motor vehicles |  | Total
£ | £ | £
| Cost
| At 1 September 2024 | 478 |  | - |  | 478
| Additions | 83 |  | 23,900 |  | 23,983
| At 31 August 2025 | 561 |  | 23,900 |  | 24,461
| Depreciation
| At 1 September 2024 | 86 |  | - |  | 86
| Charge for the year | 71 |  | 3,585 |  | 3,656
| At 31 August 2025 | 157 |  | 3,585 |  | 3,742
| Net book value
| At 31 August 2025 | 404 |  | 20,315 |  | 20,719
| At 31 August 2024 | 392 |  | - |  | 392
4 | Debtors | 2025 |  | 2024
£ | £
| Trade debtors | 162,390 |  | 41,754
| Amounts owed by group undertakings and undertakings in which the company has a participating interest |  | 18,000 |  | 18,000
| Deferred tax asset |  |  |  |  | 704 |  | 704
| Other debtors | 7,000 |  | 7,186
|  |  |  |  |  | 188,094 |  | 67,644
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Overdraft and Credit card balances | 1,514 |  | 1,117
| Trade creditors | 351,775 |  | 231,840
| Taxation and social security costs | 129,624 |  | 137,461
| Other creditors | 130,135 |  | 77,023
|  |  |  |  |  | 613,048 |  | 447,441
6 | Related party transactions
| Ellerman Vision Ltd | 2025 |  | 2024
£ | £
| Mr Lewis Martindale is a director in both companies.
| Loukil Ltd rents its warehouse and office from Ellerman vision Ltd
| Amount charged during the year | 80,000 |  | 80,000
| Amount receivable from Ellerman Vision Ltd ( disclosed | 18,000 |  | 18,000
| under debtors in note 4 above)
| Connect A2B Limited | 2025 |  | 2024
£ | £
| Mr Lewis Martindale is a director in both companies.
| Loukil Ltd rents vehicles from Connect A2B Limited
| Amount due to Cars4all Services Ltd ( disclosed under trade | 3,622 |  | 7,849
| creditors in note 5 above)
7 | Controlling party
| The company was under the control of Mr Lewis Martindale , a Director and shareholder throughout the year.
8 | Other information
| PHOTOMART UK LTD is a private company limited by shares and incorporated in England. Its registered office is:
| Ellerman House
| Woodall Road
| Enfield
| England
| EN3 4LQ

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