Afternoon Pictures Ltd

Afternoon Pictures Ltd
Statement of Financial Position
As at 31 January 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	1,705	3,630
		1,705	3,630
Current assets
Stocks	4	74,400	73,743
Debtors	5	105	196
Cash at bank and in hand		2,182	2,109
		76,687	76,048
Creditors: amount falling due within one year	6	(149,886)	(143,880)
Net current assets		(73,199)	(67,832)

Total assets less current liabilities		(71,494)	(64,202)
Net assets		(71,494)	(64,202)

Capital and reserves
Called up share capital		100	100
Profit and loss account		(71,594)	(64,302)
Shareholders' funds		(71,494)	(64,202)

For the year ended 31 January 2026 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 04 June 2026 and were signed on its behalf by:

-------------------------------
Miss P A Buckley
Director

Afternoon Pictures Ltd
Notes to the Financial Statements
For the year ended 31 January 2026

General Information

Afternoon Pictures Ltd is a private company, limited by shares, registered in England and Wales, registration number 11767978, registration address 9 Ravenscourt Sqaure, London, W6 OTW.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Going concern basis

The director believes that the company has adequate resources to continue in operational existence for the foreseeable future and thus continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred taxation

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

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	33.33% Straight Line
Fixtures and Fittings	20.00% Straight Line
Computer Equipment	33.33% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 1 (2025 : 1).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£
At 01 February 2025	327	2,000	4,248	6,575
Additions	-	-	-	-
Disposals	-	-	-	-
At 31 January 2026	327	2,000	4,248	6,575
Depreciation
At 01 February 2025	218	1,200	1,527	2,945
Charge for year	109	400	1,416	1,925
On disposals	-	-	-	-
At 31 January 2026	327	1,600	2,943	4,870
Net book values
Closing balance as at 31 January 2026	-	400	1,305	1,705
Opening balance as at 01 February 2025	109	800	2,721	3,630

Stocks

	2026 £		2025 £
Work in Progress	74,400		73,743
	74,400		73,743

Debtors: amounts falling due within one year

	2026 £		2025 £
VAT	105		196
	105		196

Creditors: amount falling due within one year

	2026 £	2025 £
Other Creditors	934	756
Accrued Expenses	624	625
Directors' Current Accounts	148,328	142,499
	149,886	143,880

7.	Related Party transactions Creditors due within one year include an interest free amount of £148,328 (2025 £142,499) due to the director. The loan is repayable on demand.

Registered Number: 11767978
England and Wales
AFTERNOON PICTURES LTD

Unaudited Financial Statements

Period of accounts Start date: 01 February 2025 End date: 31 January 2026