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REGISTERED NUMBER: 13526365 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Phai & Me UK Team Ltd

Phai & Me UK Team Ltd (Registered number: 13526365)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 4

Phai & Me UK Team Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr M G Hayden
Mr M G Steyn
Mr J Flintoff
Mr Z D Rosenberg





REGISTERED OFFICE: 1st Floor 107 Lees Road
Oldham
Lancashire
OL4 1JW





REGISTERED NUMBER: 13526365 (England and Wales)





ACCOUNTANTS: Clarity Accountants
1st Floor 107 Lees Road
Oldham
Lancashire
OL4 1JW

Phai & Me UK Team Ltd (Registered number: 13526365)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 524,947 297,446
Cash at bank 4,477 15,518
529,424 312,964
CREDITORS
Amounts falling due within one year 5 (509,304 ) (301,564 )
NET CURRENT ASSETS 20,120 11,400
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,120

11,400

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 20,119 11,399
20,120 11,400

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 23 February 2024 and were signed on its behalf by:





Mr Z D Rosenberg - Director


Phai & Me UK Team Ltd (Registered number: 13526365)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Phai & Me UK Team 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.

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.

Pension costs and other post-retirement benefits
The company operates an auto-enrolment pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern note
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 5 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 524,947 297,446

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 506,646 285,596
Taxation and social security 1,998 14,547
Other creditors 660 1,421
509,304 301,564

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Phai & Me UK Team 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 and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Phai & Me UK Team Ltd for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Phai & Me UK Team Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Phai & Me UK Team Ltd and state those matters that we have agreed to state to the Board of Directors of Phai & Me UK Team Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Phai & Me UK Team Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Phai & Me UK Team Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Phai & Me UK Team Ltd. You consider that Phai & Me UK Team Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Phai & Me UK Team Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Clarity Accountants
1st Floor 107 Lees Road
Oldham
Lancashire
OL4 1JW


Date: .............................................