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REGISTERED NUMBER: 07718561 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 May 2023

for

Phillips Creative Ltd

Phillips Creative Ltd (Registered number: 07718561)






Contents of the Financial Statements
for the Year Ended 30 May 2023




Page

Report of the Accountants 1

Balance Sheet 2


Phillips Creative Ltd

Report of the Accountants to the Directors of
Phillips Creative Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement is not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 May 2023 set out on pages two to three and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS


14 February 2024

Phillips Creative Ltd (Registered number: 07718561)

Balance Sheet
30 May 2023

2023 2022
£    £    £    £   
FIXED ASSETS 13,413 14,748

CURRENT ASSETS 72,311 81,223

CREDITORS
Amounts falling due within one year (74,156 ) (79,872 )
NET CURRENT (LIABILITIES)/ASSETS (1,845 ) 1,351
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,568

16,099

CREDITORS
Amounts falling due after more than one
year

11,172

15,462
NET ASSETS 396 637

CAPITAL AND RESERVES 396 637

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Phillips Creative Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07718561

Registered office: Kirkharle Courtyard
Kirkharle
Northumberland
NE19 2PE

2. AVERAGE NUMBER OF EMPLOYEES

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

Phillips Creative Ltd (Registered number: 07718561)

Balance Sheet - continued
30 May 2023

NOTES TO THE FINANCIAL STATEMENTS

3. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 May 2023 and 30 May 2022:

2023 2022
£    £   
C L Phillips and P Phillips
Balance outstanding at start of year 16,050 3,456
Amounts advanced 13,513 16,050
Amounts repaid (16,050 ) (3,456 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,513 16,050



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

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

Phillips Creative Ltd (Registered number: 07718561)

Balance Sheet - continued
30 May 2023


The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2024 and were signed on its behalf by:




C L Phillips - Director



P Phillips - Director