Company Registration No. 06000937 (England and Wales)
Picture-Connect Limited
Unaudited accounts
for the year ended 30 November 2025
Picture-Connect Limited
Unaudited accounts
Contents
Picture-Connect Limited
Company Information
for the year ended 30 November 2025
Company Number
06000937 (England and Wales)
Registered Office
Flat 9
46 Tregunter Road
London
London
SW10 9LE
England
Accountants
Financial and Accounting Solutions
6 Hadleigh Close
Harrow
Middlesex
HA2 8FA
Picture-Connect Limited
Statement of financial position
as at 30 November 2025
Tangible assets
75,635
122,707
Cash at bank and in hand
35
2,947
Creditors: amounts falling due within one year
(49,000)
(61,950)
Net current assets
111,018
87,207
Total assets less current liabilities
186,653
209,914
Creditors: amounts falling due after more than one year
(178,420)
(157,800)
Provisions for liabilities
Deferred tax
(2,741)
(2,741)
Other provisions
(106,400)
(79,800)
Net liabilities
(100,908)
(30,427)
Called up share capital
100
100
Profit and loss account
(101,008)
(30,527)
Shareholders' funds
(100,908)
(30,427)
For the year ending 30 November 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 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 August 2026 and were signed on its behalf by
V Nikolaidis
Director
Company Registration No. 06000937
Picture-Connect Limited
Notes to the Accounts
for the year ended 30 November 2025
Picture-Connect Limited is a private company, limited by shares, registered in England and Wales, registration number 06000937. The registered office is Flat 9, 46 Tregunter Road, London, London, SW10 9LE, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Other tangible fixed assets
3-5 years ( based on lease period)
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company is currently undergoing a major restructure following the liquidation of Camelot GmbH and low sales volumes to Westminster Live Ltd. While current overseas rental invoices are minimal compared to previous years, the directors are actively exploring larger hire-out opportunities while awaiting funds from the Camelot GmbH liquidation.
During this transition, we have been advised that the company will be funded directly by the director. Additionally, there are potential plans to partner with another rental business to hire out the rental equipment.
Based on these factors, management has assessed the company's ability to continue operating and has concluded that the going concern basis remains appropriate.
Picture-Connect Limited
Notes to the Accounts
for the year ended 30 November 2025
4
Tangible fixed assets
Plant & machinery
At 1 December 2024
1,286,780
At 30 November 2025
1,273,799
At 1 December 2024
1,164,073
Charge for the year
34,091
At 30 November 2025
1,198,164
At 30 November 2025
75,635
At 30 November 2024
122,707
Amounts falling due within one year
Trade debtors
84,810
79,800
Amounts falling due after more than one year
Trade debtors
75,200
62,310
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
40,706
Taxes and social security
-
16,144
Loans from directors
15,500
-
7
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
178,420
157,800
Picture-Connect Limited
Notes to the Accounts
for the year ended 30 November 2025
8
Provisions for liabilities
£
Additional provisions made during the period
26,600
At 30 November 2025
106,400
A provision for bad debt has been made following the potential liquidation of Camelot Broadcasting Services Gmbh . It is likely that a certain percentage of outstanding invoices will be paid, but it is unlikely that all of this amount will be received.
Based on the information available, this is an estimated provision.
9
Transactions with related parties
During the year the company did not trade with Westminster Live Limited (WML) and amount owed by Picture Connect Ltd was £178,420(Cr) (YE 30/11/24 -157,800(Cr)). The company also traded with Camelot Broadcasting Services Gmbh (CBSG) and transactions in the year were £26,600 (YE 30/11/24 -79,8000) and amount owed by CBSG was £160,009 (YE 30/11/24 - £142,109). These companies are linked to each other by a common director and shareholder. Camelot. Gmbh is under liquidation and it is uncertain as to whether this amount due will be received in full.
10
Post balance sheet events
As of June 2025, one of Picture Connect Limited's biggest debtors has gone into liquidation. An official claim of £142,700 has been lodged with the liquidators for Camelot Gmbh. There has been no confirmation of the amount payable against this claim.
11
Average number of employees
During the year the average number of employees was 1 (2024: 1).