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REGISTERED NUMBER: 03964335 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2023

FOR

PHASTEC LIMITED

PHASTEC LIMITED (REGISTERED NUMBER: 03964335)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PHASTEC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2023







DIRECTOR: P Arwar





SECRETARY: Mr. P A Ventham





REGISTERED OFFICE: 83 Cambridge Street
London
SW1V 4PS





REGISTERED NUMBER: 03964335 (England and Wales)





ACCOUNTANTS: George Hay & Company
Chartered Accountants
83 Cambridge Street
London
SW1V 4PS

PHASTEC LIMITED (REGISTERED NUMBER: 03964335)

BALANCE SHEET
30TH APRIL 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 200 827
Cash at bank 518 1,713
718 2,540
CREDITORS
Amounts falling due within one year 5 70,384 70,594
NET CURRENT LIABILITIES (69,666 ) (68,054 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(69,666

)

(68,054

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (69,667 ) (68,055 )
SHAREHOLDERS' FUNDS (69,666 ) (68,054 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th November 2023 and were signed by:





P Arwar - Director


PHASTEC LIMITED (REGISTERED NUMBER: 03964335)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023

1. STATUTORY INFORMATION

Phastec 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.

Financial instruments
The company only enters into basic financial transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 200 827

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,194 4,663
Directors' current accounts 67,247 65,016
Accrued expenses 943 915
70,384 70,594

6. RELATED PARTY DISCLOSURES

At the year end the company owed the director £67,247 (2022: £65,016)

PHASTEC LIMITED (REGISTERED NUMBER: 03964335)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

7. ULTIMATE CONTROLLING PARTY

The company is under the control of the director, Mr P. Arwar by virtue of his 100% shareholding of the issued share capital.