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REGISTERED NUMBER: 08592111 (England and Wales)




Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 July 2023

for


N. U. Philips Ltd


N. U. Philips Ltd (Registered number: 08592111)







Contents of the Financial Statements

for the Year Ended 31 July 2023





Page



Company Information  

1



Report of the Directors  

2



Balance Sheet  

3



Notes to the Financial Statements  

4




N. U. Philips Ltd


Company Information

for the Year Ended 31 July 2023









DIRECTORS:

Dr Uchenna Njoku


Mrs Pamela Chiamaka Njoku







REGISTERED OFFICE:

17 Lancaster Crescent


Hartford


Northwich


Cheshire


CW8 1RY







REGISTERED NUMBER:

08592111 (England and Wales)







ACCOUNTANTS:

Argon & Krypton Consulting Ltd


(Chartered Certified Accountants & Tax Advisers)


Unit 6


Town Quay Wharf


Abbey Road


Barking


Essex


IG11 7BZ


N. U. Philips Ltd (Registered number: 08592111)


Report of the Directors

for the Year Ended 31 July 2023


The directors present their report with the financial statements of the company for the year ended 31 July 2023.


PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the provision of Medical Services and Care

DIRECTORS

The directors set out in the table below have held office during the whole of the period from 1 August 2022 to the date of this report.


The beneficial interests of the directors holding office at 31 July 2023 in the shares of the company, according to the register of directors' interests, were as follows:



31.7.23


1.8.22

Ordinary shares of £1 each

Dr Uchenna Njoku   

551


551



Mrs Pamela Chiamaka Njoku   

449


449




These directors did not hold any non-beneficial interests in the shares of the company.


This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.


ON BEHALF OF THE BOARD:






Dr Uchenna Njoku - Director



11 April 2024


N. U. Philips Ltd (Registered number: 08592111)


Balance Sheet

31 July 2023



31.7.23


31.7.22


Notes

£   

£   


CURRENT ASSETS

Cash at bank

80


3




CREDITORS

Amounts falling due within one year

5

29,204


79,706



NET CURRENT LIABILITIES

(29,124

)

(79,703

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

(29,124

)

(79,703

)



CAPITAL AND RESERVES

Called up share capital

1,000


1,000



Share premium

6

50,000


-



Retained earnings

6

(80,124

)

(80,703

)


SHAREHOLDERS' FUNDS

(29,124

)

(79,703

)



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 11 April 2024 and were signed on its behalf by:






Dr Uchenna Njoku - Director



N. U. Philips Ltd (Registered number: 08592111)


Notes to the Financial Statements

for the Year Ended 31 July 2023


1.

STATUTORY INFORMATION



N. U. Philips Ltd 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.    



Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.


Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



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.


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.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 3 (2022 - 3 ) .


N. U. Philips Ltd (Registered number: 08592111)


Notes to the Financial Statements - continued

for the Year Ended 31 July 2023


4.

TANGIBLE FIXED ASSETS


Plant and


machinery


etc

£   



COST


At 1 August 2022


and 31 July 2023

970




DEPRECIATION


At 1 August 2022


and 31 July 2023

970




NET BOOK VALUE


At 31 July 2023

-




5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.7.23


31.7.22

£   

£   



Trade creditors

1


(1

)



Accountancy

2,530


13,530




Corporation Tax

5,310


1,923




Directors Loan

21,363


64,254



29,204


79,706




6.

RESERVES


Retained


Share



earnings


premium


Totals

£   

£   

£   




At 1 August 2022

(80,703

)

-


(80,703

)



Profit for the year

3,519


-


3,519




Dividends

(2,940

)

-


(2,940

)



Cash share issue

-


50,000


50,000




At 31 July 2023

(80,124

)

50,000


(30,124

)