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
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
Phillips Construction Limited
Statement of financial position
as at 31 March 2023
Tangible assets
29,847
43,036
Cash at bank and in hand
(17,895)
(6,248)
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)
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
Phillips Construction Limited
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 March 2023
3,460
75,449
5,660
84,569
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
At 31 March 2023
1,661
24,455
3,731
29,847
At 31 March 2022
2,293
38,894
1,849
43,036
Phillips Construction Limited
Notes to the Accounts
for the year ended 31 March 2023
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
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
42,990
56,707
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
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 27 (2022: 13).