IRIS Accounts Production v26.1.10.61 05371828 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 05371828 2024-03-31 05371828 2025-03-31 05371828 2024-04-01 2025-03-31 05371828 2023-03-31 05371828 2023-04-01 2024-03-31 05371828 2024-03-31 05371828 ns15:EnglandWales 2024-04-01 2025-03-31 05371828 ns14:PoundSterling 2024-04-01 2025-03-31 05371828 ns10:Director1 2024-04-01 2025-03-31 05371828 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05371828 ns10:SmallEntities 2024-04-01 2025-03-31 05371828 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05371828 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 05371828 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05371828 ns10:AbridgedAccounts 2024-04-01 2025-03-31 05371828 1 2024-04-01 2025-03-31 05371828 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 05371828 ns10:Director2 2024-04-01 2025-03-31 05371828 ns10:RegisteredOffice 2024-04-01 2025-03-31 05371828 ns5:CurrentFinancialInstruments 2025-03-31 05371828 ns5:CurrentFinancialInstruments 2024-03-31 05371828 ns5:Non-currentFinancialInstruments 2025-03-31 05371828 ns5:Non-currentFinancialInstruments 2024-03-31 05371828 ns5:ShareCapital 2025-03-31 05371828 ns5:ShareCapital 2024-03-31 05371828 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 05371828 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 05371828 ns5:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 05371828 ns5:PatentsTrademarksLicencesConcessionsSimilar 2024-04-01 2025-03-31 05371828 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 05371828 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 05371828 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2025-03-31 05371828 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2024-03-31 05371828 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-03-31 05371828 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-03-31 05371828 ns5:WithinOneYear 2025-03-31 05371828 ns5:WithinOneYear 2024-03-31 05371828 ns5:BetweenOneFiveYears 2025-03-31 05371828 ns5:BetweenOneFiveYears 2024-03-31 05371828 ns5:AllPeriods 2025-03-31 05371828 ns5:AllPeriods 2024-03-31 05371828 ns10:OrdinaryShareClass1 2025-03-31

REGISTERED NUMBER: 05371828 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST MARCH 2025 |

| FOR |

| LS PHOTOGRAPHIC SERVICES LIMITED |

LS PHOTOGRAPHIC SERVICES LIMITED (REGISTERED NUMBER: 05371828) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| LS PHOTOGRAPHIC SERVICES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST MARCH 2025

| DIRECTORS: | Mr L Smith

| Mrs T Smith

| REGISTERED OFFICE: | 57 New Street

| BIRMINGHAM

| B2 4DU

| REGISTERED NUMBER: | 05371828 (England and Wales)

| ACCOUNTANTS: | Michael Heaven & Associates Limited

| Chartered Certified Accountants

| 47 Calthorpe Road

| Edgbaston

| BIRMINGHAM

| B15 1TH

| BANKERS: | Lloyds Bank PLC

| 9 Birmingham Road

| Sutton Coldfield

| West Midlands

| B72 1QA

| INCORPORATED: | 22nd February 2005

LS PHOTOGRAPHIC SERVICES LIMITED (REGISTERED NUMBER: 05371828) |

ABRIDGED BALANCE SHEET

31ST MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Initial Franchise Fee | 4 | 1,328 |  | 2,652 |  |

Tangible assets | 5 | 18,852 |  | 21,288 |  |

20,180 |  | 23,940 |  |

CURRENT ASSETS

Stocks | 10,686 |  | 12,009 |  |

Debtors | 5,035 |  | 5,276 |  |

Cash at bank and in hand | 17,933 |  | 9,049 |  |

33,654 |  | 26,334 |  |

CREDITORS

Amounts falling due within one year | 421,688 |  | 466,656 |  |

NET CURRENT LIABILITIES | (388,034 | ) | (440,322 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (367,854 | ) | (416,382 | ) |

CREDITORS

Amounts falling due after more than one year | - |  | 6,070 |  |

NET LIABILITIES | (367,854 | ) | (422,452 | ) |

CAPITAL AND RESERVES

Called up share capital | 8 | 10 |  | 10 |  |

Retained earnings | (367,864 | ) | (422,462 | ) |

SHAREHOLDERS' FUNDS | (367,854 | ) | (422,452 | ) |

LS PHOTOGRAPHIC SERVICES LIMITED (REGISTERED NUMBER: 05371828) |

ABRIDGED BALANCE SHEET - continued

31ST MARCH 2025

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 14th July 2026 and were signed on its behalf by:

Mr L Smith - Director

LS PHOTOGRAPHIC SERVICES LIMITED (REGISTERED NUMBER: 05371828) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

1. | STATUTORY INFORMATION

| LS Photographic Services 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.

| Going concern

| At the year end the company shows an insolvent balance sheet. The company meets its day to day working capital requirements through the support of its directors who have undertaken that this support will not be withdrawn within twelve months from the date of signature of these financial statements. On this basis the directors consider it appropriate to prepare these accounts on a going concern basis.

| Turnover

| Turnover represents net invoiced sales of goods and services, excluding value added tax.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Franchise fees are being amortised evenly over their estimated useful life of ten years.

| 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 - 15% on reducing balance

| Computer equipment - 15% on reducing balance

| Epson photolab - 20% on straight line

| Stocks

| Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

LS PHOTOGRAPHIC SERVICES LIMITED (REGISTERED NUMBER: 05371828) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and loans from related parties.

| Leasing commitments

| A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases.

| The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments.

| Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining

| balance of the liability.

| Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life.

| Operating lease payments are recognised as an expense on a straight line basis over the lease term.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's

| pension scheme are charged to profit or loss in the period to which they relate.

| Debtors

| Short term debtors are measured at transaction price, less any impairment.

| Creditors

| Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

LS PHOTOGRAPHIC SERVICES LIMITED (REGISTERED NUMBER: 05371828) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Provisions

| Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

| Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

| A provision for annual leave accrued by employees as a result of services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months is recognised. The provision is measured at the salary cost payable for the period of absence.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 8 (2024 - 7 ) .

4. | INTANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1st April 2024

| and 31st March 2025 | 13,244 |  |

| AMORTISATION

| At 1st April 2024 | 10,592 |  |

| Amortisation for year | 1,324 |  |

| At 31st March 2025 | 11,916 |  |

| NET BOOK VALUE

| At 31st March 2025 | 1,328 |  |

| At 31st March 2024 | 2,652 |  |

LS PHOTOGRAPHIC SERVICES LIMITED (REGISTERED NUMBER: 05371828) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

5. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1st April 2024 | 123,644 |  |

| Additions | 291 |  |

| At 31st March 2025 | 123,935 |  |

| DEPRECIATION

| At 1st April 2024 | 102,356 |  |

| Charge for year | 2,727 |  |

| At 31st March 2025 | 105,083 |  |

| NET BOOK VALUE

| At 31st March 2025 | 18,852 |  |

| At 31st March 2024 | 21,288 |  |

6. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 1,000 |  | 2,930 |  |

| Amounts falling due between one and two years:

| Bank loans | - |  | 2,930 |  |

| Amounts falling due between two and five years:

| Bank loans | - |  | 3,140 |  |

LS PHOTOGRAPHIC SERVICES LIMITED (REGISTERED NUMBER: 05371828) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

7. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 56,000 |  | 56,000 |  |

| Between one and five years | 144,667 |  | 200,667 |  |

200,667 |  | 256,667 |  |

| The total lease payments recognised as an expense during the year was £58,506.

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 10 | Ordinary | £1 | 10 |  | 10 |  |

9. | RELATED PARTY DISCLOSURES

| At the year end the company owed the directors £390,838 (2024 - £436,654). This loan is interest free and repayable upon demand.