1 February 2022 false No description of principal activity Taxfiler 2023.9 09958860business:PrivateLimitedCompanyLtd2022-02-012023-01-31 099588602022-01-31 099588602022-02-012023-01-31 09958860business:AuditExempt-NoAccountantsReport2022-02-012023-01-31 09958860business:FilletedAccounts2022-02-012023-01-31 099588602023-01-31 09958860business:Director12022-02-012023-01-31 09958860business:RegisteredOffice2022-02-012023-01-31 099588602022-01-31 09958860core:WithinOneYear2023-01-31 09958860core:WithinOneYear2022-01-31 09958860core:AfterOneYear2023-01-31 09958860core:AfterOneYear2022-01-31 09958860core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 09958860core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 09958860core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 09958860core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 09958860core:PreviouslyStatedAmount2023-01-31 09958860core:PreviouslyStatedAmount2022-01-31 09958860business:SmallEntities2022-02-012023-01-31 09958860countries:EnglandWales2022-02-012023-01-31 09958860core:PlantMachinery2022-02-012023-01-31 09958860core:LandBuildings2022-01-31 09958860core:PlantMachinery2022-01-31 09958860core:LandBuildings2023-01-31 09958860core:PlantMachinery2023-01-31 09958860core:LandBuildings2022-02-012023-01-31 099588602021-02-012022-01-31 iso4217:GBP xbrli:pure
Company Registration No. 09958860 (England and Wales)
M G Phillips Holdings Limited Unaudited accounts for the year ended 31 January 2023
M G Phillips Holdings Limited Unaudited accounts Contents
Page
- 2 -
M G Phillips Holdings Limited Company Information for the year ended 31 January 2023
Director
Matthew Phillips
Company Number
09958860 (England and Wales)
Registered Office
NEWCASTLE HOUSE OLIVER CLOSE WEST THURROCK GRAYS ESSEX RM20 3EE ENGLAND
- 3 -
M G Phillips Holdings Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,367,427 
1,391,046 
Current assets
Debtors
602,927 
165,127 
Cash at bank and in hand
9,073 
- 
612,000 
165,127 
Creditors: amounts falling due within one year
(145,736)
(89,056)
Net current assets
466,264 
76,071 
Total assets less current liabilities
1,833,691 
1,467,117 
Creditors: amounts falling due after more than one year
(1,449,111)
(1,158,724)
Net assets
384,580 
308,393 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
384,480 
308,293 
Shareholders' funds
384,580 
308,393 
For the year ending 31 January 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 October 2023 and were signed on its behalf by
Matthew Phillips Director Company Registration No. 09958860
- 4 -
M G Phillips Holdings Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
M G Phillips Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 09958860. The registered office is NEWCASTLE HOUSE OLIVER CLOSE, WEST THURROCK, GRAYS, ESSEX, RM20 3EE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Reducing Balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
1,154,850 
400,000 
1,554,850 
At 31 January 2023
1,154,850 
400,000 
1,554,850 
Depreciation
At 1 February 2022
- 
163,804 
163,804 
Charge for the year
- 
23,619 
23,619 
At 31 January 2023
- 
187,423 
187,423 
Net book value
At 31 January 2023
1,154,850 
212,577 
1,367,427 
At 31 January 2022
1,154,850 
236,196 
1,391,046 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
102,927 
165,127 
Amounts falling due after more than one year
Other debtors
500,000 
- 
- 5 -
M G Phillips Holdings Limited Notes to the Accounts for the year ended 31 January 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
145,736 
89,056 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
933,761 
643,374 
Other creditors
515,350 
515,350 
1,449,111 
1,158,724 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 6 -