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First Light Photographic Limited |
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Unaudited Financial Statements |
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for the Year Ended 31 July 2018 |
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REGISTERED NUMBER:
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First Light Photographic Limited |
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Unaudited Financial Statements |
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for the Year Ended 31 July 2018 |
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First Light Photographic Limited (Registered number: 04489594) |
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Contents of the Financial Statements |
for the Year Ended 31 July 2018 |
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Page |
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Company Information | 1 | to | 2 |
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Balance Sheet | 3 | to | 4 |
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Notes to the Financial Statements | 5 | to | 7 |
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Report of the Accountants | 8 |
First Light Photographic Limited |
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Company Information |
for the Year Ended 31 July 2018 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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44-46 Regent Street |
Rugby |
Warwickshire |
CV21 2PS |
First Light Photographic Limited (Registered number: 04489594) |
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Strategic Report |
for the Year Ended 31 July 2018 |
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The director presents her strategic report for the year ended 31 July 2018. |
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REVIEW OF BUSINESS |
During the year (and the preceding financial year) the property underwent significant renovations and repairs. These |
were completed in April 2018, but were substantially paid for by the tenant. In recognition of the substantial investment |
made by the tenant, and the disruption caused to her business during the period when the work took place, the company |
agreed a rent free period. This ended in April 2018, after which full rent has been paid. |
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ON BEHALF OF THE BOARD: |
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First Light Photographic Limited (Registered number: 04489594) |
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Balance Sheet |
31 July 2018 |
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31/7/18 | 31/7/17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS/(LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Revaluation reserve |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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The director acknowledges her responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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 Sections 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. |
First Light Photographic Limited (Registered number: 04489594) |
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Balance Sheet - continued |
31 July 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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First Light Photographic Limited (Registered number: 04489594) |
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Notes to the Financial Statements |
for the Year Ended 31 July 2018 |
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1. | STATUTORY INFORMATION |
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First Light Photographic Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Land and buildings | - |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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First Light Photographic Limited (Registered number: 04489594) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2018 |
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4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
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COST OR VALUATION |
At 1 August 2017 |
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Revaluations |
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At 31 July 2018 |
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NET BOOK VALUE |
At 31 July 2018 |
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At 31 July 2017 |
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Cost or valuation at 31 July 2018 is represented by: |
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Land and |
buildings |
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Valuation in 2018 | 150,000 |
Cost | 120,000 |
270,000 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/7/18 | 31/7/17 |
£ | £ |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/7/18 | 31/7/17 |
£ | £ |
Bank loans and overdrafts |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31/7/18 | 31/7/17 |
£ | £ |
Bank loans |
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First Light Photographic Limited (Registered number: 04489594) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2018 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/7/18 | 31/7/17 |
value: | £ | £ |
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Ordinary | £1 | 1 | 1 |
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9. | RELATED PARTY DISCLOSURES |
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Included in other debtors is an amount owed by Miss D Branigan (Director) of £37,244 (2017: Creditor balance |
£26,279). Interest is payable on balances at HMRC official rate. |
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10. | ULTIMATE CONTROLLING PARTY |
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The controlling party is Ms D Branigan. |
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The ultimate controlling party is
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First Light Photographic Limited |
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Report of the Accountants to the Director of |
First Light Photographic Limited |
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The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
Report of the Director are not required to be filed with the Registrar of Companies. |
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As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2018 set out on pages one to seven and you consider that the company is exempt from an audit. |
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In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
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44-46 Regent Street |
Rugby |
Warwickshire |
CV21 2PS |
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Date: ............................................. |