REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 3 April 2021 to 30 March 2022 |
for |
Phillips Thomas Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 3 April 2021 to 30 March 2022 |
for |
Phillips Thomas Limited |
Phillips Thomas Limited (Registered number: 02240894) |
Contents of the Financial Statements |
for the Period 3 April 2021 to 30 March 2022 |
Page |
Company Information | 1 |
Abridged Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Phillips Thomas Limited |
Company Information |
for the Period 3 April 2021 to 30 March 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
237 Westcombe Hill |
Blackheath |
London |
SE3 7DW |
Phillips Thomas Limited (Registered number: 02240894) |
Abridged Statement of Financial Position |
30 March 2022 |
30.3.22 | 2.4.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 5 |
Retained earnings |
The directors acknowledge their 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. |
Phillips Thomas Limited (Registered number: 02240894) |
Abridged Statement of Financial Position - continued |
30 March 2022 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Phillips Thomas Limited (Registered number: 02240894) |
Notes to the Financial Statements |
for the Period 3 April 2021 to 30 March 2022 |
1. | STATUTORY INFORMATION |
Phillips Thomas Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
Taxation |
Taxation for the period 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. |
Current or deferred taxation assets and liabilities are not discounted. |
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 statement of financial position date. |
Phillips Thomas Limited (Registered number: 02240894) |
Notes to the Financial Statements - continued |
for the Period 3 April 2021 to 30 March 2022 |
2. | ACCOUNTING POLICIES - continued |
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. |
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 period end and that are expected to apply to the reversal of the timing difference. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2021 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 3 April 2021 |
and 30 March 2022 |
DEPRECIATION |
At 3 April 2021 |
and 30 March 2022 |
NET BOOK VALUE |
At 30 March 2022 |
At 2 April 2021 |
5. | RESERVES |
Revaluation |
reserve |
£ |
At 3 April 2021 |
and 30 March 2022 |