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REGISTERED NUMBER: 14236504 (England and Wales)















Unaudited Financial Statements

for the Period 15 July 2022 to 31 July 2023

for

Phab Trading Limited

Phab Trading Limited (Registered number: 14236504)






Contents of the Financial Statements
for the Period 15 July 2022 to 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Phab Trading Limited

Company Information
for the Period 15 July 2022 to 31 July 2023







DIRECTOR: Mrs J Drewer





REGISTERED OFFICE: Suite 6 Burley House
15 High Street
Rayleigh
Essex
SS6 7EW





REGISTERED NUMBER: 14236504 (England and Wales)





ACCOUNTANTS: Butlers Chartered Accountants
Suite 6 Burley House
15 High Street
Rayleigh
Essex
SS6 7EW

Phab Trading Limited (Registered number: 14236504)

Balance Sheet
31 July 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 3,666

CURRENT ASSETS
Stocks 214
Debtors 5 4,656
Cash at bank 6,946
11,816
CREDITORS
Amounts falling due within one year 6 11,528
NET CURRENT ASSETS 288
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,954

CREDITORS
Amounts falling due after more than one
year

7

2,174
NET ASSETS 1,780

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 1,680
SHAREHOLDERS' FUNDS 1,780

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Phab Trading Limited (Registered number: 14236504)

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 director and authorised for issue on 12 April 2024 and were signed by:





Mrs J Drewer - Director


Phab Trading Limited (Registered number: 14236504)

Notes to the Financial Statements
for the Period 15 July 2022 to 31 July 2023

1. STATUTORY INFORMATION

Phab Trading 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.

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.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 12 .

Phab Trading Limited (Registered number: 14236504)

Notes to the Financial Statements - continued
for the Period 15 July 2022 to 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 4,583
At 31 July 2023 4,583
DEPRECIATION
Charge for period 917
At 31 July 2023 917
NET BOOK VALUE
At 31 July 2023 3,666

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 4,656

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 5,526
Taxation and social security 5,464
Other creditors 538
11,528

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 2,174

8. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of Phab Life CIO who is a charitable trust holding 100% of the shareholding.