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REGISTERED NUMBER: 10675922 (England and Wales)





















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Philip Alexander Limited

Philip Alexander Limited (Registered number: 10675922)






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 Alexander Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr Philip Wright
Mr Alex Clayton





REGISTERED OFFICE: 24A Aldermans Hill
Palmers Green
London
N13 4PN





REGISTERED NUMBER: 10675922 (England and Wales)





ACCOUNTANTS: Alexander Associates
24A Aldermans Hill
Palmers Green
London
N13 4PN

Philip Alexander Limited (Registered number: 10675922)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 105,000 112,500
Tangible assets 5 24,470 27,711
Investments 6 406,843 406,843
536,313 547,054

CURRENT ASSETS
Debtors 7 (70,556 ) (65,855 )
Cash at bank and in hand 892,489 909,207
821,933 843,352
CREDITORS
Amounts falling due within one year 8 856,292 991,185
NET CURRENT LIABILITIES (34,359 ) (147,833 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

501,954

399,221

CREDITORS
Amounts falling due after more than one year 9 54,754 74,840
NET ASSETS 447,200 324,381

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 447,098 324,279
447,200 324,381

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 directors acknowledge their 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 Alexander Limited (Registered number: 10675922)

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 Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:




Mr Alex Clayton - Director



Mr Philip Wright - Director


Philip Alexander Limited (Registered number: 10675922)

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

1. STATUTORY INFORMATION

Philip Alexander 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.

In carrying out this assessment, the directors have considered the impact of the Covid-19 pandemic on the trade and finances of the company and wider group and they have taken steps to protect liquidity.

The directors are therefore satisfied that there is no significant risk to the ability of the company to continue as a going concern for at least 12 months from the date of approval of these financial statements.

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.
Plant and machinery etc - 15% on reducing balance

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.


Philip Alexander Limited (Registered number: 10675922)

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

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 150,000
AMORTISATION
At 1 April 2022 37,500
Charge for year 7,500
At 31 March 2023 45,000
NET BOOK VALUE
At 31 March 2023 105,000
At 31 March 2022 112,500

Philip Alexander Limited (Registered number: 10675922)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 15,922 27,768 2,795 46,485
Additions - - 945 945
At 31 March 2023 15,922 27,768 3,740 47,430
DEPRECIATION
At 1 April 2022 9,688 8,501 585 18,774
Charge for year 935 2,890 361 4,186
At 31 March 2023 10,623 11,391 946 22,960
NET BOOK VALUE
At 31 March 2023 5,299 16,377 2,794 24,470
At 31 March 2022 6,234 19,267 2,210 27,711

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 406,843
NET BOOK VALUE
At 31 March 2023 406,843
At 31 March 2022 406,843

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 5,300 8,880
Interco - Oakwood (75,856 ) (74,735 )
(70,556 ) (65,855 )

Philip Alexander Limited (Registered number: 10675922)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 1 (1 )
Tax 48,152 46,573
Social security and other taxes 7,419 7,185
VAT 40,890 30,586
Client account - 7652 753,402 748,627
Pension 1,322 1,123
Directors' current accounts 1,006 155,242
Accruals and deferred income - (2,000 )
Accrued expenses 4,100 3,850
856,292 991,185

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 10) 54,754 74,840

10. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 54,754 74,840