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REGISTERED NUMBER: 07309514 (England and Wales)


















G & J M PHILLIPS (CONTRACTWYR TRYDANOL /
ELECTRICAL CONTRACTORS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






G & J M PHILLIPS (CONTRACTWYR TRYDANOL /
ELECTRICAL CONTRACTORS) LIMITED (REGISTERED NUMBER: 07309514)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G & J M PHILLIPS (CONTRACTWYR TRYDANOL /
ELECTRICAL CONTRACTORS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr G Phillips
Mrs J M Phillips





REGISTERED OFFICE: Caerdaf
Spring Gardens
Whitland
Carmarthenshire
SA34 0HE





REGISTERED NUMBER: 07309514 (England and Wales)





ACCOUNTANTS: Llewelyn Davies
Chartered Accountants
Yelverton House
St John Street
Whitland
Carmarthenshire
SA34 0AW

G & J M PHILLIPS (CONTRACTWYR TRYDANOL /
ELECTRICAL CONTRACTORS) LIMITED (REGISTERED NUMBER: 07309514)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,805 5,708
Tangible assets 5 2,498 3,110
6,303 8,818

CURRENT ASSETS
Debtors 6 10,720 9,110
Cash at bank 19,165 17,374
29,885 26,484
CREDITORS
Amounts falling due within one year 7 16,422 15,100
NET CURRENT ASSETS 13,463 11,384
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,766

20,202

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 19,746 20,182
SHAREHOLDERS' FUNDS 19,766 20,202

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.

G & J M PHILLIPS (CONTRACTWYR TRYDANOL /
ELECTRICAL CONTRACTORS) LIMITED (REGISTERED NUMBER: 07309514)

BALANCE SHEET - continued
31 JULY 2023


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 4 March 2024 and were signed on its behalf by:




Mr G Phillips - Director



Mrs J M Phillips - Director


G & J M PHILLIPS (CONTRACTWYR TRYDANOL /
ELECTRICAL CONTRACTORS) LIMITED (REGISTERED NUMBER: 07309514)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

G & J M Phillips (Contractwyr Trydanol / Electrical Contractors) Limited 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.

The accounts have been prepared on a going concern basis as in the directors opinion the company has sufficient funds and future income to continue into the foreseeable future.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Motor vehicles - 15% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

G & J M PHILLIPS (CONTRACTWYR TRYDANOL /
ELECTRICAL CONTRACTORS) LIMITED (REGISTERED NUMBER: 07309514)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 28,539
AMORTISATION
At 1 August 2022 22,831
Charge for year 1,903
At 31 July 2023 24,734
NET BOOK VALUE
At 31 July 2023 3,805
At 31 July 2022 5,708

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2022 3,836 1,049 7,934 12,819
Additions - 200 - 200
At 31 July 2023 3,836 1,249 7,934 13,019
DEPRECIATION
At 1 August 2022 3,077 1,049 5,583 9,709
Charge for year 257 30 525 812
At 31 July 2023 3,334 1,079 6,108 10,521
NET BOOK VALUE
At 31 July 2023 502 170 1,826 2,498
At 31 July 2022 759 - 2,351 3,110

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,720 9,110

G & J M PHILLIPS (CONTRACTWYR TRYDANOL /
ELECTRICAL CONTRACTORS) LIMITED (REGISTERED NUMBER: 07309514)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,200 4,028
Taxation and social security 4,518 5,078
Other creditors 7,704 5,994
16,422 15,100

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors Mr G Phillips and Mrs J M Phillips, by virtue of their shareholdings.