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
Phyto Therapeutics Limited
Company Information
for the year ended 28 February 2023
Company Number
3098083 (England and Wales)
Registered Office
337 Baslow Road
Totley
SHEFFIELD
S17 4AD
Accountants
Hart Simpson
28 Terminus Road
Sheffield
S7 2LH
Phyto Therapeutics Limited
Statement of financial position
as at 28 February 2023
Tangible assets
1,025,704
958,487
Cash at bank and in hand
1,612
28,272
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
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
Phyto Therapeutics Limited
Notes to the Accounts
for the year ended 28 February 2023
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.
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:
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
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
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
Phyto Therapeutics Limited
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Other debtors
103,798
116,119
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,909
6,598
Other creditors
10,000
25,826
Loans from directors
45,014
15,614
7
Average number of employees
During the year the average number of employees was 7 (2022: 7).