REGISTERED NUMBER: 07737396 (England and Wales)

Paul Heyes Photography Limited

Unaudited Financial Statements for the Year Ended 31 August 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

P J Heyes

J Heyes

Secretary:

P J Heyes

Registered office:

56 Whiteoak View

Darcy Lever

Bolton

Greater Manchester

BL3 1ST

Registered number:

07737396 (England and Wales)

Accountants:

Leach Briely

Craven House

32 Lee Lane

Horwich

Bolton

Greater Manchester

BL6 7BY

Fixed assets

Tangible assets

4

2,686

3,581

Current assets

Debtors

5

11,517

7,047

Cash at bank

1,464

3,228

12,981

10,275

Creditors

Amounts falling due within one year

6

16,338

12,210

Net current liabilities

(3,357

)

(1,935

)

Total assets less current liabilities

(671

)

1,646

Provisions for liabilities

7

510

680

Net (liabilities)/assets

(1,181

)

966

Capital and reserves

Called up share capital

8

2

2

Retained earnings

(1,183

)

964

Shareholders' funds

(1,181

)

966

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2026 and were signed on its behalf by:

J Heyes - Director

1.	Statutory information

Paul Heyes Photography Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration receivable for photography services provided by the company during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation

The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Going concern

The company relies upon the financial support of its creditors to facilitate a continuation of its trading activity. The directors have agreed to only withdraw from their loan accounts in small tranches, as and when cashflow permits. Therefore the directors are able to prepare the financial statements on the basis of the going concern concept.

3.	Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

4.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 1 September 2024

and 31 August 2025

5,996

Depreciation

At 1 September 2024

2,415

Charge for year

895

At 31 August 2025

3,310

Net book value

At 31 August 2025

2,686

At 31 August 2024

3,581

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

1,480

1,600

Other debtors

10,037

5,447

11,517

7,047

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

245

197

Taxation and social security

-

1,180

Other creditors

16,093

10,833

16,338

12,210

7.	Provisions for liabilities

2025

2024

£

£

Deferred tax

510

680

Deferred

tax

£

Balance at 1 September 2024

680

Credit to Statement of Income and Retained Earnings during year

(170

)

Balance at 31 August 2025

510

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary shares

1.00

2

2

9.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 August 2025 and 31 August 2024:

2025

2024

£

£

P J Heyes and J Heyes

Balance outstanding at start of year

5,447

2,388

Amounts advanced

17,999

20,957

Amounts repaid

(13,733

)

(17,898

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,713

5,447