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Company Registration No. 3098083 (England and Wales)
Phyto Therapeutics Limited Unaudited accounts for the year ended 28 February 2023
Phyto Therapeutics Limited Unaudited accounts Contents
Page
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Phyto Therapeutics Limited Company Information for the year ended 28 February 2023
Director
K R Cavan
Company Number
3098083 (England and Wales)
Registered Office
337 Baslow Road Totley SHEFFIELD S17 4AD
Accountants
Hart Simpson 28 Terminus Road Sheffield S7 2LH
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Phyto Therapeutics Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,025,704 
958,487 
Current assets
Inventories
- 
23,054 
Debtors
103,798 
120,174 
Cash at bank and in hand
1,612 
28,272 
105,410 
171,500 
Creditors: amounts falling due within one year
(56,923)
(60,272)
Net current assets
48,487 
111,228 
Net assets
1,074,191 
1,069,715 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,074,091 
1,069,615 
Shareholders' funds
1,074,191 
1,069,715 
For the year ending 28 February 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 director acknowledges his 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 and authorised for issue on 20 November 2023 and were signed on its behalf by
K R Cavan Director Company Registration No. 3098083
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Phyto Therapeutics Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Phyto Therapeutics Limited is a private company, limited by shares, registered in England and Wales, registration number 3098083. The registered office is 337 Baslow Road, Totley, SHEFFIELD, S17 4AD.
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
5%
Motor vehicles
5%
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2022
927,189 
118,778 
52,767 
40,167 
1,138,901 
Additions
77,770 
- 
- 
- 
77,770 
Disposals
- 
- 
(52,767)
- 
(52,767)
At 28 February 2023
1,004,959 
118,778 
- 
40,167 
1,163,904 
Depreciation
At 1 March 2022
- 
101,203 
45,875 
33,336 
180,414 
Charge for the year
- 
2,636 
- 
1,025 
3,661 
On disposals
- 
- 
(45,875)
- 
(45,875)
At 28 February 2023
- 
103,839 
- 
34,361 
138,200 
Net book value
At 28 February 2023
1,004,959 
14,939 
- 
5,806 
1,025,704 
At 28 February 2022
927,189 
17,575 
6,892 
6,831 
958,487 
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Phyto Therapeutics Limited Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
4,055 
Other debtors
103,798 
116,119 
103,798 
120,174 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
12,234 
Taxes and social security
1,909 
6,598 
Other creditors
10,000 
25,826 
Loans from directors
45,014 
15,614 
56,923 
60,272 
7
Average number of employees
During the year the average number of employees was 7 (2022: 7).
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