Company Registration No. 12487079 (England and Wales)
Downing Photographic Ltd
Unaudited accounts
for the year ended 28 February 2026
Downing Photographic Ltd
Statement of financial position
as at 28 February 2026
Tangible assets
12,982
15,888
Cash at bank and in hand
72,608
80,553
Creditors: amounts falling due within one year
(15,483)
(23,502)
Net current assets
67,060
62,783
Called up share capital
100
100
Profit and loss account
79,942
78,571
Shareholders' funds
80,042
78,671
For the year ending 28 February 2026 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 26 May 2026 and were signed on its behalf by
J A Downing
Director
Company Registration No. 12487079
Downing Photographic Ltd
Notes to the Accounts
for the year ended 28 February 2026
Downing Photographic Ltd is a private company, limited by shares, registered in England and Wales, registration number 12487079. The registered office is 50 Longlands Road, Sidcup, DA15 7LR, England.
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.
These financial statements for the year ended 28 February 2026 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2024.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% SLM
Computer equipment
25% SLM
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2025
1,318
25,968
27,286
At 28 February 2026
1,318
29,467
30,785
At 1 March 2025
774
10,624
11,398
Charge for the year
329
6,076
6,405
At 28 February 2026
1,103
16,700
17,803
At 28 February 2026
215
12,767
12,982
At 28 February 2025
544
15,344
15,888
Downing Photographic Ltd
Notes to the Accounts
for the year ended 28 February 2026
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
13,791
15,762
Loans from directors
822
205
7
Average number of employees
During the year the average number of employees was 1 (2025: 0).