Nathan Gallagher Photography Limited
|
Registered Number
:
08354572
|
For the year ended 31 January 2021
England and Wales
Unaudited Financial Statements
For the year ended 31 January 2021
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
2020
2021
Property
,
plant and equipment
|
12,139
15,136
2
12,139
15,136
Trade and other receivables
|
55,975
39,090
3
21,587
Cash and cash equivalents
|
89,683
128,773
77,562
Trade and other payables
:
amounts falling due within one
|
year
|
(36,644)
(54,069)
4
40,918
74,704
Net current assets
Total assets less current liabilities
|
86,843
56,054
Trade and other payables
:
amounts falling due after more
|
than one year
|
-
(45,833)
5
(1,947)
(2,876)
Provisions for liabilities
|
39,063
Net assets
53,178
1
1
39,062
53,177
39,063
53,178
Shareholders' funds
For the year ended 31 January 2021 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 2021 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 13 July 2021 and were signed by:
|
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For the year ended 31 January 2021
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 2021
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.
|
3 of 5
For the year ended 31 January 2021
Nathan Gallagher Photography Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
71,890
995
22,582
48,313
7,553
2,224
1,775
3,554
-
-
(7,525)
(7,525)
44,342
24,357
3,219
71,918
Provision for depreciation and impairment
|
56,754
286
20,132
36,336
Charge for year
8,668
482
1,986
6,200
(5,643)
-
-
(5,643)
59,779
768
22,118
36,893
7,449
2,239
2,451
12,139
11,977
2,450
709
15,136
3
.
Trade and other receivables
|
2020
2021
23,965
13,600
15,125
42,375
55,975
39,090
4
.
Trade and other payables
:
amounts falling due within one year
|
2020
2021
4,167
-
3,374
13,331
Taxation and social security
|
43,775
19,915
2,753
3,398
54,069
36,644
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For the year ended 31 January 2021
Nathan Gallagher Photography Limited
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2020
2021
45,833
-
6
.
Directors advances and guarantees
|
Loaned
Repaid
Interest
N Gallagher
Loan repayable on demand
29,491
10,114
9,625
29,491
489
29,491
10,114
9,625
29,491
489
7
.
Average number of persons employed
|
During the year the average number of employees was 2 (2020 : 2)
5 of 5