2022-02-01 2023-01-31 07925162 PHIL BESSANT LIMITED false 07925162 2022-02-01 2023-01-31 07925162 uk-bus:Director1 2022-02-01 2023-01-31 07925162 uk-bus:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 07925162 uk-bus:SmallEntities 2022-02-01 2023-01-31 07925162 uk-bus:FullAccounts 2022-02-01 2023-01-31 07925162 uk-bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 07925162 2022-02-01 07925162 2023-01-31 07925162 2022-01-31 xbrli:pure iso4217:GBP 07925162 2021-02-01 2022-01-31
Company Registration Number : 07925162 (England and Wales)
07925162
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-01-31
false
PHIL BESSANT LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-02-01
PHIL BESSANT LIMITED
Unaudited filleted financial statements
For the year ended 31 January 2023
PHIL BESSANT LIMITED
Contents
For the year ended 31 January 2023

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


PHIL BESSANT LIMITED
Company Information
For the year ended 31 January 2023

Company registration number 07925162 (England and Wales)
Directors S Agarwal
K J Bessant
P M Bessant
Registered office address Agincourt House,
14 Clytha Park Rd,
Newport
NP20 4PB
UK
Accountant Phil Bessant Limited
Chartered Management Accountants
Agincourt House
14 Clytha Park Road,Newport
NP20 4PB
UK
PHIL BESSANT LIMITED
Statement of Financial Position
For the year ended 31 January 2023

2023 2022
Notes £ £
Fixed assets
Intangible assets 36,260 1,000
Property, plant and equipment 7,247 9,664
5 43,507 10,664
Current assets
Inventories 25,000 15,000
Debtors 197,726 151,905
Cash and cash equivalents 54,498 83,583
277,224 250,488
Current liabilities
Creditors: Amounts falling due within one year (113,940) (40,604)
Corporation tax payable (25,007) (26,802)
(138,947) (67,406)
Net current assets/(liabilities) 138,277 183,082
Total assets less current liabilities 181,784 193,746
Non-current liabilities
Creditors: Amounts falling due after more than one year (36,259) (45,426)
Net assets/(liabilities) 145,525 148,320
Capital and reserves
Called up share capital 101 101
Share Premium 9,000 80,023
Retained earnings 136,424 68,196
Shareholder's funds 145,525 148,320
For the year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 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 directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 23 October 2023
.............................
S Agarwal (Director)
Company registration number: 07925162
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-01-31 31 January 2023
2023 2022
£ £
Fixed Assets 43,507 10,664
Current Assets 266,288 249,552
Prepayments and accrued income 10,936 936
Creditors: amounts falling due within one year (138,947) (67,406)
Net current assets (liabilities) 138,277 183,082
Total assets less current liabilities 181,784 193,746
CREDITORS: Amounts falling due more than one year (36,259) (45,426)
Net Assets (liabilities) 145,525 148,320
Capital and Reserves 145,525 148,320
For the year ending 1/31/2023 the company was entitled to exemption 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. For the year ending 31-01-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 23 October 2023 2023-10-23 and signed on behalf of the board,
.............................
S Agarwal
Director
Company registration number: 07925162
PHIL BESSANT LIMITED
Notes to the Financial Statements
For the year ended 31 January 2023

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Agincourt House, , 14 Clytha Park Rd, , Newport, NP20 4PB.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Rendering of Services
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Interest income
Interest income is recognised using the effective interest method.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment25% straight line
Motor Cars
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(4) Employees
During the year, the average number of employees including director was 6 (2022 : 6).

(5) Fixed assets
Intangible

£
Tangible

£
Totals

£
Cost
As at 01 February 202225,00087,840112,840
Additions41,955-41,955
As at 31 January 202366,95587,840154,795
Depreciation/Amortisation
As at 01 February 202224,00078,177102,177
For the year6,6952,4169,111
As at 31 January 202330,69580,593111,288
Net book value
As at 31 January 202336,2607,24743,507
As at 31 January 20221,0009,66310,663