JASON HOWARD PHOTOGRAPHY LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07085700 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

JASON HOWARD PHOTOGRAPHY LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J H Wilcock

REGISTERED OFFICE:

12 Shearwater Road

Farndon

Chester

CH3 6RU

REGISTERED NUMBER:

07085700 (England and Wales)

ACCOUNTANTS:

TPP Accountants Limited

Chartered Certified Accountants

Obsidian Offices

Chantry Court

Chester

Cheshire

CH1 4QN

FIXED ASSETS

Tangible assets

5

7,701

5,393

CURRENT ASSETS

Debtors

1,182

1,123

Cash at bank

8,084

9,644

9,266

10,767

CREDITORS

Amounts falling due within one year

21,380

16,365

NET CURRENT LIABILITIES

(12,114

)

(5,598

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,413

)

(205

)

CREDITORS

Amounts falling due after more than one year

6

11,289

16,042

NET LIABILITIES

(15,702

)

(16,247

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(15,802

)

(16,347

)

(15,702

)

(16,247

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 September 2022 and were signed by:

J H Wilcock - Director

1.	STATUTORY INFORMATION

Jason Howard Photography Limited (company number 07085700) is a private company limited by shares, registered in England and Wales. Its registered office is at 12 Shearwater Road, Farndon, Chester, CH3 6RU.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention. As the company has orders for work for the foreseeable future, the director believes that the company is well placed to manage its business risks successfully. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and, therefore, continues to adopt the going concern basis of accounting when preparing the annual financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration receivable and represents amounts receivable for services rendered, stated net of discounts and Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 10% on cost

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the Profit and Loss account except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Thecompany's liability for current tax is calculated using rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled, based upon tax rates that have been enacted or substantively enacted by the end of the reporting period.

Grants

Grants are only recognised when there is a reasonable assurance that the entity will comply with the conditions of the grant and that the grant will be received. If the grant imposes specific future performance related-related conditions, then the grant is only recognised when the performance-related conditions are met.If the grant is received before these conditions are met, then it is recognised as a liability. If there are no future performance-related conditions, then the grant is recognised when the grant proceeds are received.

Hire purchase and leasing commitments

Tangible assets acquired under hire purchase contracts or finance leases are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors. Rentals payable under operating are charged to the Profit and Loss account on a straight line basis over the period of the lease.

Financial instruments

Bank loans which are classified as financial instuments are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2021

28,815

Additions

4,703

At 31 December 2021

33,518

DEPRECIATION

At 1 January 2021

23,422

Charge for year

2,395

At 31 December 2021

25,817

NET BOOK VALUE

At 31 December 2021

7,701

At 31 December 2020

5,393

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2021

2020

£

£

Repayable by instalments

Bank loans due in more than 5

years.

-

1,042

-

1,042

7.

LOANS

An analysis of the maturity of loans is given below:

2021

2020

£

£

Amounts falling due within one year or on demand:

Bank loans

4,844

3,958

Amounts falling due between two and five years:

Bank loans - 2-5 years

11,289

15,000

Amounts falling due in more than five years:

2021

2020

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due in more than 5

years.

-

1,042

-

1,042