Company Registration No. 07098414 (England and Wales)
The Forge Photographic Services Limited
Unaudited accounts
for the year ended 31 July 2025
The Forge Photographic Services Limited
Unaudited accounts
Contents
The Forge Photographic Services Limited
Company Information
for the year ended 31 July 2025
Director
Jean-Michel Massey
Company Number
07098414 (England and Wales)
Registered Office
2 Leswin Place
London
N16 7NJ
Accountants
Barnes & Scott
86-90 Paul Street
London
EC2A 4NE
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of The Forge Photographic Services Limited for the year ended 31 July 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
The Forge Photographic Services Limited for the year ended
31 July 2025 as set out on pages
5 -
9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of The Forge Photographic Services Limited, as a body, in accordance with the terms of our engagement letter dated 26 January 2015. Our work has been undertaken solely to prepare for your approval the accounts of The Forge Photographic Services Limited and state those matters that we have agreed to state to the Board of Directors of The Forge Photographic Services Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Forge Photographic Services Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that The Forge Photographic Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Forge Photographic Services Limited. You consider that The Forge Photographic Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of The Forge Photographic Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Barnes & Scott
Chartered Accountants
86-90 Paul Street
London
EC2A 4NE
1 May 2026
The Forge Photographic Services Limited
Statement of financial position
as at 31 July 2025
Tangible assets
158,447
174,669
Cash at bank and in hand
2,882
4,480
Creditors: amounts falling due within one year
(612,854)
(525,480)
Net current liabilities
(99,422)
(67,978)
Total assets less current liabilities
59,025
106,691
Creditors: amounts falling due after more than one year
(78,273)
(153,323)
Provisions for liabilities
Deferred tax
(34,066)
(38,121)
Net liabilities
(53,314)
(84,753)
Called up share capital
98
98
Profit and loss account
(55,232)
(86,671)
Shareholders' funds
(53,314)
(84,753)
For the 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. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 May 2026 and were signed on its behalf by
Jean-Michel Massey
Director
Company Registration No. 07098414
The Forge Photographic Services Limited
Notes to the Accounts
for the year ended 31 July 2025
The Forge Photographic Services Limited is a private company, limited by shares, registered in England and Wales, registration number 07098414. The registered office is 2 Leswin Place, London, N16 7NJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of photography services provided to customers.
The directors consider the going concern basis to be appropriate having paid due regard to the company's projected results during the twelve months from the date the financial statements are approved and anticipated cash flows, availability of financing facilities and mitigating actions that can be taken during the period.
Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% (Straight line basis)
Fixtures & fittings
20% (Straight line basis)
Computer equipment
20% (Straight line basis)
The Forge Photographic Services Limited
Notes to the Accounts
for the year ended 31 July 2025
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2024
139,882
117,121
151,499
241,139
649,641
Additions
-
44,330
6,803
12,015
63,148
Disposals
-
(52,800)
-
-
(52,800)
At 31 July 2025
139,882
108,651
158,302
253,154
659,989
At 1 August 2024
87,561
75,774
138,593
173,044
474,972
Charge for the year
25,172
18,409
7,969
27,820
79,370
On disposals
-
(52,800)
-
-
(52,800)
At 31 July 2025
112,733
41,383
146,562
200,864
501,542
At 31 July 2025
27,149
67,268
11,740
52,290
158,447
At 31 July 2024
52,321
41,347
12,906
68,095
174,669
The Forge Photographic Services Limited
Notes to the Accounts
for the year ended 31 July 2025
Amounts falling due within one year
Trade debtors
91,359
142,468
Accrued income and prepayments
9,209
11,325
Other debtors
409,982
299,229
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
105,767
79,716
Obligations under finance leases and hire purchase contracts
20,657
29,656
Trade creditors
24,157
73,837
Taxes and social security
342,954
257,046
Other creditors
18,020
25,498
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
13,941
41,063
Allotted, called up and fully paid:
98 Ordinary shares of £1 each
98
98
10
Operating lease commitments
2025
2024
At 31 July 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
40,000
40,000
Later than one year and not later than five years
106,667
146,667
The Forge Photographic Services Limited
Notes to the Accounts
for the year ended 31 July 2025
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
(199,158)
89,956
169,683
(278,885)
(199,158)
89,956
169,683
(278,885)
12
Average number of employees
During the year the average number of employees was 6 (2024: 8).