Nathan Gallagher Photography Limited
|
Registered Number
:
08354572
|
For the year ended 31 January 2022
England and Wales
Unaudited Financial Statements
For the year ended 31 January 2022
Nathan Gallagher Photography Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Nathan Gallagher Photography Limited
Statement of Financial Position
2021
2022
Property
,
plant and equipment
|
9,209
12,139
2
9,209
12,139
Trade and other receivables
|
39,090
46,248
3
89,683
Cash and cash equivalents
|
55,715
101,963
128,773
Trade and other payables
:
amounts falling due within one
|
year
|
(54,069)
(48,523)
4
74,704
53,440
Net current assets
Total assets less current liabilities
|
62,649
86,843
Trade and other payables
:
amounts falling due after more
|
than one year
|
(45,833)
(35,833)
5
(1,454)
(1,947)
Provisions for liabilities
|
25,362
Net assets
39,063
1
1
25,361
39,062
25,362
39,063
Shareholders' funds
For the year ended 31 January 2022 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 2022 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 26 August 2022 and were signed by:
|
1 of 5
For the year ended 31 January 2022
Nathan Gallagher Photography Limited
Statement of Financial Position Continued
The notes form part of these financial statements
|
2 of 5
For the year ended 31 January 2022
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
.
|
The principal accounting policies adopted are set out below
.
|
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for photography services provided in the year, excluding 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.
|
3 of 5
For the year ended 31 January 2022
Nathan Gallagher Photography Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
71,918
3,219
24,357
44,342
3,170
409
1,267
1,494
45,836
25,624
3,628
75,088
Provision for depreciation and impairment
|
59,779
768
22,118
36,893
Charge for year
6,100
545
1,516
4,039
65,879
1,313
23,634
40,932
4,904
1,990
2,315
9,209
7,449
2,239
2,451
12,139
3
.
Trade and other receivables
|
2021
2022
36,315
23,965
9,933
15,125
39,090
46,248
4
.
Trade and other payables
:
amounts falling due within one year
|
2021
2022
10,000
4,167
11,566
3,374
Taxation and social security
|
25,098
43,775
1,859
2,753
48,523
54,069
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2021
2022
35,833
45,833
4 of 5
For the year ended 31 January 2022
Nathan Gallagher Photography Limited
Notes to the Financial Statements Continued
6
.
Directors advances and guarantees
|
Loaned
Repaid
Interest
N Gallagher
Loan repayable on demand
10,114
9,395
9,198
10,114
197
10,114
9,395
9,198
10,114
197
Interest has been charged on the loan using the HMRC official rates of interest in operation throughout the
|
accounting period
.
The loan is repayable on demand
.
|
7
.
Average number of persons employed
|
During the year the average number of employees was 1 (2021 : 2)
5 of 5