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Registration number: 06331093

Stuart Wood Photography Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

Stuart Wood Photography Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Stuart Wood Photography Limited

Company Information

Directors | S Wood E Wood

Company secretary | E Wood

Registered office | 49 Autumn Grove Chaddesden Derby Derbyshire DE21 6PY

Accountants | Coates and Partners Limited Chartered AccountantsThe Old Vicarage 51 St John Street Ashbourne Derbyshire DE6 1GP

Stuart Wood Photography Limited

(Registration number: 06331093)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 3,341 | 5,014
Tangible assets | 5 | 3,518 | 4,690
|  | 6,859 | 9,704
Current assets |  |  |
Stocks | 6 | 1,800 | 2,400
Debtors | 7 | 2,274 | 3,436
Cash at bank and in hand |  | 9,202 | 52
|  | 13,276 | 5,888
Creditors: Amounts falling due within one year | 8 | (49,668) | (42,387)
Net current liabilities |  | (36,392) | (36,499)
Net liabilities |  | (29,533) | (26,795)
Capital and reserves |  |  |
Called up share capital | 11 | 100 | 100
Retained earnings |  | (29,633) | (26,895)
Shareholders' deficit |  | (29,533) | (26,795)

For the financial year ending 31 August 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 May 2026 and signed on its behalf by:

Stuart Wood Photography Limited

(Registration number: 06331093)
Balance Sheet as at 31 August 2025 (continued)

......................................... S Wood Director | ......................................... E Wood Company secretary and director |

Stuart Wood Photography Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

The company is a private company limited by share capital incorporated in England and Wales registration number: 06331093.

The address of its registered office is:
49 Autumn Grove
Chaddesden
Derby
Derbyshire
DE21 6PY

These financial statements were authorised for issue by the Board on 5 May 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Stuart Wood Photography Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

2 | Accounting policies (continued)

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Equipment | 25% reducing balance basis

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Photographic library | 5% straight line basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Stuart Wood Photography Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Stuart Wood Photography Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

4 | Intangible assets

| Other intangible assets £ | Total £
Cost or valuation
At 1 September 2024 | 33,455 | 33,455
At 31 August 2025 | 33,455 | 33,455
Amortisation
At 1 September 2024 | 28,441 | 28,441
Amortisation charge | 1,673 | 1,673
At 31 August 2025 | 30,114 | 30,114
Carrying amount
At 31 August 2025 | 3,341 | 3,341
At 31 August 2024 | 5,014 | 5,014

Stuart Wood Photography Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

5 | Tangible assets

| Other tangible assets £ | Total £
Cost or valuation
At 1 September 2024 | 29,833 | 29,833
At 31 August 2025 | 29,833 | 29,833
Depreciation
At 1 September 2024 | 25,143 | 25,143
Charge for the year | 1,172 | 1,172
At 31 August 2025 | 26,315 | 26,315
Carrying amount
At 31 August 2025 | 3,518 | 3,518
At 31 August 2024 | 4,690 | 4,690

6 | Stocks

| 2025 £ | 2024 £
Stock | 1,800 | 2,400

Stuart Wood Photography Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 1,616 | 734
Prepayments | 658 | 671
Other debtors | - | 2,031
| 2,274 | 3,436

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | - | 1,055
Trade creditors |  | 1,440 | 1,272
Taxation and social security |  | 3,776 | 712
Other creditors |  | 44,452 | 39,348
|  | 49,668 | 42,387

Stuart Wood Photography Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

9 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank overdrafts | - | 1,055

10 | Obligations under leases and hire purchase contracts

11 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100