Nathan Gallagher Photography Limited
|
Registered Number
:
08354572
|
For the year ended 31 January 2017
England and Wales
Unaudited Financial Statements
For the year ended 31 January 2017
Nathan Gallagher Photography Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Nathan Gallagher Photography Limited
Statement of Financial Position
2016
2017
Property
,
plant and equipment
|
20,953
19,586
2
20,953
19,586
Trade and other receivables
|
50,593
99,665
3
44,357
Cash and cash equivalents
|
15,423
115,088
94,950
Trade and other payables
:
amounts falling due within one
|
year
|
(30,456)
(35,171)
4
64,494
79,917
Net current assets
Total assets less current liabilities
|
100,870
84,080
(3,981)
(3,917)
Provisions for liabilities
|
96,889
Net assets
80,163
1
1
96,888
80,162
96,889
80,163
Shareholders' funds
For the year ended 31 January 2017 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 of its financial statements for the year ended 31 January 2017 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
|
These financial statements were approved and authorised for issue by the Board on 31 October 2017 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 January 2017
Nathan Gallagher Photography Limited
Notes to the Financial Statements
Statutory Information
Nathan Gallagher Photography Limited is a private limited company
,
limited by shares
,
domiciled in England and
|
Wales
,
registration number
08354572
.
|
3 Fairfield Gardens
Hornsey
London
N8 9DD
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
''
The Financial Reporting Standard applicable in the UK and Republic of Ireland
''
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding flat rate VAT.
Property, plant and equipment
Property, plant and equipment, 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:
|
Photography Equipment
Office Equipment
2
.
Property
,
plant and equipment
|
31,245
10,231
21,014
12,237
6,185
6,052
27,066
16,416
43,482
Provision for depreciation and impairment
|
11,659
4,490
7,169
Charge for year
10,870
4,104
6,766
22,529
8,594
13,935
13,131
7,822
20,953
13,845
5,741
19,586
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For the year ended 31 January 2017
Nathan Gallagher Photography Limited
Notes to the Financial Statements Continued
3
.
Trade and other receivables
|
2016
2017
45,562
26,653
54,103
23,940
50,593
99,665
4
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
-
2,254
Taxation and social security
|
21,355
25,150
13,816
3,052
35,171
30,456
5
.
Directors advances and guarantees
|
Included in other debtors is an amount due from the director of £
16
,
881
(
2016
:
£
18
,
716
).
During the year the director
|
withdrew amounts totalling £
77
,
099
and repaid sums totalling £
79
,
510
.
Interest has been charged on the overdrawn
|
amount at the HMRC official rate of interest totalling £
576
.
|
6
.
Average number of persons employed
|
During the year the average number of employees was 1 (2016 : 1)
3 of 3