Seven Grace Photography Ltd

Seven Grace Photography Ltd
Statement of Financial Position
As at 31 August 2026

	2026		2025
	£	£	£	£
Fixed assets		2,327		0
Current assets	142		90
Creditors: amount falling due within one year	(25,363)		(657)
Net current assets		(25,221)		(567)
Total assets less current liabilities		(22,894)		(567)
Net assets		(22,894)		(567)


Capital and reserves		(22,894)		(567)

NOTES TO THE ACCOUNTS

General Information

Seven Grace Photography Ltd is a private company, limited by shares, registered in England and Wales, registration number 15892196, registration address 141 Rocky Lane, Nechells, Birmingham, B7 5ES.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

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

Taxation

Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that that have been enacted or substantively enacted by the reporting date.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

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

25% Straight Line

Tangible fixed assets

Cost or valuation	Plant and Machinery	Total
	£	£
At 01 September 2025	-	-
Additions	3,102	3,102
Disposals	-	-
At 31 August 2026	3,102	3,102
Depreciation
At 01 September 2025	-	-
Charge for year	775	775
On disposals	-	-
At 31 August 2026	775	775
Net book values
Closing balance as at 31 August 2026	2,327	2,327
Opening balance as at 01 September 2025	-	-

3.	Average number of employees Average number of employees during the year was 1 (2025 : 0).

For the year ended 31 August 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 22 October 2026 and were signed by:

--------------------------------
Shantina Mehangra
Director