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REGISTERED NUMBER: 06201692 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Philip Weeks Limited

Philip Weeks Limited (Registered number: 06201692)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Philip Weeks Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr P Weeks





SECRETARY:





REGISTERED OFFICE: 2 Higher Barn
Higher Woodsford
DORCHESTER
Dorset
DT2 8BT





REGISTERED NUMBER: 06201692 (England and Wales)





ACCOUNTANTS: S&T Accountants Ltd
2 Higher Barn
Higher Woodsford
DORCHESTER
Dorset
DT2 8BT

Philip Weeks Limited (Registered number: 06201692)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,327 3,773
7,327 3,773

CURRENT ASSETS
Debtors 6 13,692 12,488
Cash at bank and in hand 230,851 211,982
244,543 224,470
CREDITORS
Amounts falling due within one year 7 54,738 52,513
NET CURRENT ASSETS 189,805 171,957
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,132

175,730

PROVISIONS FOR LIABILITIES 497 497
NET ASSETS 196,635 175,233

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 196,634 175,232
SHAREHOLDERS' FUNDS 196,635 175,233

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Philip Weeks Limited (Registered number: 06201692)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 November 2023 and were signed by:





Mr P Weeks - Director


Philip Weeks Limited (Registered number: 06201692)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Philip Weeks 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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 year was 3 (2022 - 3 ) .

Philip Weeks Limited (Registered number: 06201692)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 10,000
AMORTISATION
At 1 April 2022
and 31 March 2023 10,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2022 6,201 14,137 20,338
Additions 5,018 978 5,996
At 31 March 2023 11,219 15,115 26,334
DEPRECIATION
At 1 April 2022 5,993 10,572 16,565
Charge for year 1,306 1,136 2,442
At 31 March 2023 7,299 11,708 19,007
NET BOOK VALUE
At 31 March 2023 3,920 3,407 7,327
At 31 March 2022 208 3,565 3,773

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 2,140 981
Other debtors 11,552 11,507
13,692 12,488

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 13,463 10,130
Taxation and social security 33,948 31,761
Other creditors 7,327 10,622
54,738 52,513