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REGISTERED NUMBER: 13866883 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 24 JANUARY 2022 TO 31 JANUARY 2023

FOR

PHILIP JAMES INTERIORS LIMITED

PHILIP JAMES INTERIORS LIMITED (REGISTERED NUMBER: 13866883)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 24 JANUARY 2022 TO 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

PHILIP JAMES INTERIORS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 24 JANUARY 2022 TO 31 JANUARY 2023







DIRECTOR: P J Pinkney





REGISTERED OFFICE: 28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ





REGISTERED NUMBER: 13866883 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ

PHILIP JAMES INTERIORS LIMITED (REGISTERED NUMBER: 13866883)

BALANCE SHEET
31 JANUARY 2023

Notes £   
CURRENT ASSETS
Stocks 4 9,250
Debtors 5 2,497
Cash at bank 1,431
13,178
CREDITORS
Amounts falling due within one year 6 11,621
NET CURRENT ASSETS 1,557
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,557

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings 1,555
1,557

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2023 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.

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 19 October 2023 and were signed by:





P J Pinkney - Director


PHILIP JAMES INTERIORS LIMITED (REGISTERED NUMBER: 13866883)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 24 JANUARY 2022 TO 31 JANUARY 2023

1. STATUTORY INFORMATION

Philip James Interiors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover
Turnover represents net invoiced sales of goods. Turnover is recognised when the goods are dispatched.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. STOCKS
£   
Stocks 9,250

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 2,497

PHILIP JAMES INTERIORS LIMITED (REGISTERED NUMBER: 13866883)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 24 JANUARY 2022 TO 31 JANUARY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Tax 393
Other creditors 10,149
Accrued expenses 1,079
11,621

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 January 2023:

£   
P J Pinkney
Balance outstanding at start of period -
Amounts advanced 8,112
Amounts repaid (5,614 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 2,498

A directors' loan account exists to which there are no terms attached. During the year the director withdrew £8,087 from the company and repaid £5,614.Interest was charged on the average balance outstanding at 2% totalling £25. As at the balance sheet date the director owed the company £2,498 which was repaid within nine months.

Amounts have been aggregated where appropriate and there were no material transactions.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PHILIP JAMES INTERIORS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Philip James Interiors Limited for the period ended 31 January 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Philip James Interiors Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Philip James Interiors Limited and state those matters that we have agreed to state to the director of Philip James Interiors Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Philip James Interiors Limited and its director for our work or for this report.

It is your duty to ensure that Philip James Interiors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Philip James Interiors Limited. You consider that Philip James Interiors Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Philip James Interiors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ


19 October 2023