Registration number:
Phebi Limited
for the Year Ended 31 December 2021
Phebi Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Phebi Limited
Company Information
Directors |
Mr M H Page Mr K D I Morjan |
Company secretary |
Mr Ian Stanley Durrell Mark Battaglia |
Registered office |
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Accountants |
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Phebi Limited
(Registration number: 11127606)
Balance Sheet as at 31 December 2021
Note |
2021 |
2020 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
973 |
612 |
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Profit and loss account |
(138,653) |
(75,735) |
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Shareholders' deficit |
(137,680) |
(75,123) |
For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. Therefore the Directors' Report and the Profit and Loss Account have not been filed.
Approved and authorised by the
Mr M H Page
Director
Phebi Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
The principal place of business is:
Flat 6, Mercury House
59 High Street
Feltham
TW13 4EZ
England
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
Going concern
The accounts have been prepared on a going concern basis as the directors and shareholders will continue to support the company throughout its development phase.
Revenue recognition
Turnover represents amounts chargeable in respect of the provision of services to customers.
Revenue is recognised to the extent that the company obtains the right to consideration for its' performance.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Phebi Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Office equipment |
33.33% reducing balance basis |
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Phebi Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021
Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 January 2021 |
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Additions |
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At 31 December 2021 |
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Depreciation |
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At 1 January 2021 |
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Charge for the year |
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At 31 December 2021 |
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Carrying amount |
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At 31 December 2021 |
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At 31 December 2020 |
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Debtors |
2021 |
2020 |
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Trade debtors |
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Prepayments |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2021 |
2020 |
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Trade creditors |
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- |
Taxation and social security |
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- |
Accruals and deferred income |
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Other creditors |
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Related party transactions |
Loans to and from directors are interest free, unsecured and repayable on demand.
Phebi Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021
Transactions with directors |
2021 |
At 1 January 2021 |
Advances to directors |
Repayments by director |
At 31 December 2021 |
Mr K D I Morjan |
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Director's loan account movements |
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( |
( |
2020 |
At 1 January 2020 |
Advances to directors |
Repayments by director |
At 31 December 2020 |
Mr K D I Morjan |
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Director's loan account movements |
- |
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( |
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