Alec Drew Picture Frames Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 01244952

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		297		446

			297		446
CURRENT ASSETS
Stocks	5	15,000		23,000
Debtors	6	27,068		5,711
Cash at bank and in hand		660		14,104

		42,728		42,815
Creditors: Amounts Falling Due Within One Year	7	(91,606 )		(75,810 )

NET CURRENT ASSETS (LIABILITIES)			(48,878 )		(32,995 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(48,581 )		(32,549 )

NET LIABILITIES			(48,581 )		(32,549 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(48,681 )		(32,649 )

SHAREHOLDERS' FUNDS			(48,581)		(32,549)

Page 1

Page 2

Alec Drew Picture Frames Limited

Balance Sheet (continued)

As At 31 August 2025

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Robert Hugill

Director

6th May 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Alec Drew Picture Frames Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01244952 . The registered office is 7 Cale Street, London, SW3 3QT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The balance sheet for the company at the year end shows an insolvent position. However, the directors has indicated adequate support will be provided for the foreseeable future.

2.3. Turnover

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% on Straight Line
Computer Equipment	25% on Straight Line

2.5. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 5)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 September 2024	2,543	594	3,137

As at 31 August 2025	2,543	594	3,137

Depreciation
As at 1 September 2024	2,543	148	2,691
Provided during the period	-	149	149

As at 31 August 2025	2,543	297	2,840

Net Book Value
As at 31 August 2025	-	297	297

As at 1 September 2024	-	446	446

Page 3

Page 4

Alec Drew Picture Frames Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

5. Stocks

	2025	2024
	£	£
Stock	15,000	23,000

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	20,851	-
Other debtors	6,217	5,711

	27,068	5,711

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	14,217	11,394
Other creditors	64,627	55,403
Taxation and social security	12,762	9,013

	91,606	75,810

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100