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Company Registration No. 11149189 (England and Wales)
PHILLIPS CAPITAL LTD Unaudited accounts for the year ended 31 January 2023
PHILLIPS CAPITAL LTD Unaudited accounts Contents
Page
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PHILLIPS CAPITAL LTD Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
20,548 
6,170 
Tangible assets
9,284 
8,652 
29,832 
14,822 
Current assets
Debtors
- 
385 
Cash at bank and in hand
5,142 
165 
5,142 
550 
Creditors: amounts falling due within one year
(4,232)
(375)
Net current assets
910 
175 
Net assets
30,742 
14,997 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
30,741 
14,996 
Shareholders' funds
30,742 
14,997 
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 19 October 2023 and were signed on its behalf by
Gareth PHILLIPS Director Company Registration No. 11149189
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PHILLIPS CAPITAL LTD Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
PHILLIPS CAPITAL LTD is a private company, limited by shares, registered in England and Wales, registration number 11149189. The registered office is 63 West Road, Newcastle upon Tyne, NE4 9PX.
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
15%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2022
6,170 
Additions
14,378 
At 31 January 2023
20,548 
Amortisation
At 1 February 2022
- 
At 31 January 2023
- 
Net book value
At 31 January 2023
20,548 
At 31 January 2022
6,170 
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PHILLIPS CAPITAL LTD Notes to the Accounts for the year ended 31 January 2023
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2022
12,577 
Additions
2,270 
At 31 January 2023
14,847 
Depreciation
At 1 February 2022
3,925 
Charge for the year
1,638 
At 31 January 2023
5,563 
Net book value
At 31 January 2023
9,284 
At 31 January 2022
8,652 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
385 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
475 
- 
Taxes and social security
2,961 
- 
Other creditors
796 
375 
4,232 
375 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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