Ffordes (Photographic) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00660112

Ffordes (Photographic) Limited

Filleted Unaudited Financial Statements

30 September 2025

Ffordes (Photographic) Limited

Financial Statements

Year ended 30 September 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Ffordes (Photographic) Limited

Statement of Financial Position

30 September 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		3,661,090		3,431,626

Current assets

Stocks		169,629	195,431
Debtors	6	44,269	144,369
Cash at bank and in hand		587,779	512,709
		---------	---------
		801,677	852,509

Creditors: amounts falling due within one year	7	580,744		645,881
		---------		---------
Net current assets			220,933		206,628
			------------		------------
Total assets less current liabilities			3,882,023		3,638,254

Creditors: amounts falling due after more than one year	8		–		141,699

Provisions

Taxation including deferred tax	9	56,364	–
		------------	------------
Net assets		3,825,659	3,496,555
		------------	------------

Capital and reserves

Called up share capital	10	120	120
Capital redemption reserve		30	30
Profit and loss account		3,825,509	3,496,405
		------------	------------
Shareholders funds		3,825,659	3,496,555
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Ffordes (Photographic) Limited

Statement of Financial Position (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 20 April 2026 , and are signed on behalf of the board by:

S N Byford	R D Seldon
Director	Director

C F Ambrose
Director

Company registration number: 00660112

Ffordes (Photographic) Limited

Notes to the Financial Statements

Year ended 30 September 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Property excluding Investment Property	-	4% straight line
Fixtures and fittings	-	10-25% straight line
Motor vehicles	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 16 (2024: 16 ).

5. Tangible assets

	Land and buildings	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost or valuation
At 1 October 2024	3,794,932	217,170	2,521	4,014,623
Additions	–	–	3,990	3,990
Disposals	–	–	( 2,250)	( 2,250)
Revaluations	246,415	–	–	246,415
	------------	---------	-------	------------
At 30 September 2025	4,041,347	217,170	4,261	4,262,778
	------------	---------	-------	------------
Depreciation
At 1 October 2024	370,946	209,530	2,521	582,997
Charge for the year	18,107	2,085	748	20,940
Disposals	–	–	( 2,249)	( 2,249)
	------------	---------	-------	------------
At 30 September 2025	389,053	211,615	1,020	601,688
	------------	---------	-------	------------
Carrying amount
At 30 September 2025	3,652,294	5,555	3,241	3,661,090
	------------	---------	-------	------------
At 30 September 2024	3,423,986	7,640	–	3,431,626
	------------	---------	-------	------------

Included in Freehold Property above is an amount of Investment Property stated at fair value of £3,5,41,469 with a historical cost of £2,737,922 (2024: £3,295,053 with a historical cost of £2,737,922). No depreciation has been charged on this property.

6. Debtors

	2025	2024
	£	£
Trade debtors	43,988	94,088
Other debtors	281	50,281
	--------	---------
	44,269	144,369
	--------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	3,585	30,000
Trade creditors	377,404	512,588
Accruals and deferred income	104,299	15,836
Corporation tax	51,921	49,500
Social security and other taxes	43,535	37,957
	---------	---------
	580,744	645,881
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	141,699
	----	---------

9. Provisions

	Deferred tax
	£
At 1 October 2024	–
Additions	56,364
	--------
At 30 September 2025	56,364
	--------

10. Called up share capital

Authorised share capital

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	120	120	120	120
	----	----	----	----

11. Profit and loss reserves

Included within carried forward profit and loss reserves of £3,496,405 is a revaluation reserve of £803,546.

12. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	1,123	7,550
Later than 1 year and not later than 5 years	–	749
	-------	-------
	1,123	8,299
	-------	-------

13. Directors' advances, credits and guarantees

At the year end the directors owed the company £281 (2024: £50,281 owed to the company). This is shown within other debtors.