Nathan Gallagher Photography Limited
|
Registered Number
:
08354572
|
For the year ended 31 January 2020
England and Wales
Unaudited Financial Statements
For the year ended 31 January 2020
Nathan Gallagher Photography Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Nathan Gallagher Photography Limited
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
15,136
16,468
2
15,136
16,468
Trade and other receivables
|
71,777
55,975
3
22,419
Cash and cash equivalents
|
21,587
77,562
94,196
Trade and other payables
:
amounts falling due within one
|
year
|
(39,205)
(36,644)
4
54,991
40,918
Net current assets
Total assets less current liabilities
|
56,054
71,459
(2,876)
(3,129)
Provisions for liabilities
|
53,178
Net assets
68,330
1
1
53,177
68,329
53,178
68,330
Shareholders' funds
For the year ended 31 January 2020 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 2020 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 applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 21 July 2020 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 January 2020
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
.
|
Studio G1
23-27 Arcola Stree
London
E8 2DJ
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
Fixtures & Fittings
Office Equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
2 of 4
For the year ended 31 January 2020
Nathan Gallagher Photography Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
63,160
908
21,969
40,283
8,730
87
613
8,030
48,313
22,582
995
71,890
Provision for depreciation and impairment
|
46,692
136
17,045
29,511
Charge for year
10,062
150
3,087
6,825
56,754
286
20,132
36,336
11,977
2,450
709
15,136
10,772
4,924
772
16,468
3
.
Trade and other receivables
|
2019
2020
13,600
42,508
42,375
29,269
71,777
55,975
4
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
13,331
7,338
Taxation and social security
|
19,915
27,481
3,398
4,386
36,644
39,205
5
.
Directors advances and guarantees
|
Loaned
Repaid
Interest
N Gallagher
Loan repayable on demand
(774)
29,491
118,702
88,792
355
(774)
29,491
118,702
88,792
355
3 of 4
For the year ended 31 January 2020
Nathan Gallagher Photography Limited
Notes to the Financial Statements Continued
6
.
Average number of persons employed
|
During the year the average number of employees was 2 (2019 : 2)
4 of 4