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Company Registration No. 06142552 (England and Wales)
Phillips Construction Limited Unaudited accounts for the year ended 31 March 2023
Phillips Construction Limited Unaudited accounts Contents
Page
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Phillips Construction Limited Company Information for the year ended 31 March 2023
Directors
Paul Phillips Jason Phillips
Company Number
06142552 (England and Wales)
Registered Office
The Cottage, Worthy Lane Creech St Michael Taunton Somerset TA3 5EF United Kingdom
Accountants
AJ Business Accounting Ltd The Retreat Butts Way Milverton Somerset TA4 1JR
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Phillips Construction Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
29,847 
43,036 
Current assets
Debtors
759,735 
517,798 
Cash at bank and in hand
(17,895)
(6,248)
741,840 
511,550 
Creditors: amounts falling due within one year
(647,617)
(380,909)
Net current assets
94,223 
130,641 
Total assets less current liabilities
124,070 
173,677 
Creditors: amounts falling due after more than one year
(80,990)
(124,272)
Provisions for liabilities
Deferred tax
(6,653)
(8,177)
Net assets
36,427 
41,228 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
36,327 
41,128 
Shareholders' funds
36,427 
41,228 
For the year ending 31 March 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 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 of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by
Jason Phillips Director Company Registration No. 06142552
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Phillips Construction Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Phillips Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 06142552. The registered office is The Cottage, Worthy Lane, Creech St Michael, Taunton, Somerset, TA3 5EF, United Kingdom.
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
20% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
3,460 
75,449 
3,093 
82,002 
Additions
- 
- 
2,567 
2,567 
At 31 March 2023
3,460 
75,449 
5,660 
84,569 
Depreciation
At 1 April 2022
1,167 
36,555 
1,244 
38,966 
Charge for the year
632 
14,439 
685 
15,756 
At 31 March 2023
1,799 
50,994 
1,929 
54,722 
Net book value
At 31 March 2023
1,661 
24,455 
3,731 
29,847 
At 31 March 2022
2,293 
38,894 
1,849 
43,036 
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Phillips Construction Limited Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
430,592 
298,889 
Accrued income and prepayments
323,487 
161,795 
Other debtors
5,656 
57,114 
759,735 
517,798 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
42,990 
56,707 
VAT
29,970 
(51,832)
Trade creditors
167,169 
134,559 
Taxes and social security
240,810 
143,156 
Other creditors
153,081 
80,652 
Loans from directors
13,597 
17,667 
647,617 
380,909 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
80,243 
124,272 
Other creditors
747 
- 
80,990 
124,272 
8
Average number of employees
During the year the average number of employees was 27 (2022: 13).
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