1 March 2023 false No description of principal activity Taxfiler 2024.4 SC620104business:PrivateLimitedCompanyLtd2023-03-012024-02-28 SC6201042023-02-28 SC6201042023-03-012024-02-28 SC620104business:AuditExemptWithAccountantsReport2023-03-012024-02-28 SC620104business:FilletedAccounts2023-03-012024-02-28 SC6201042024-02-28 SC6201042023-02-28 SC620104core:WithinOneYear2024-02-28 SC620104core:WithinOneYear2023-02-28 SC620104core:AfterOneYear2024-02-28 SC620104core:AfterOneYear2023-02-28 SC620104core:ShareCapitalcore:PreviouslyStatedAmount2024-02-28 SC620104core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC620104core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-28 SC620104core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC620104core:PreviouslyStatedAmount2024-02-28 SC620104core:PreviouslyStatedAmount2023-02-28 SC620104business:SmallEntities2023-03-012024-02-28 SC620104business:Director12023-03-012024-02-28 SC620104countries:Scotland2023-03-012024-02-28 SC620104business:RegisteredOffice2023-03-012024-02-28 SC620104core:PlantMachinery2023-03-012024-02-28 SC620104core:FurnitureFittings2023-03-012024-02-28 SC620104core:Goodwill2023-02-28 SC620104core:Goodwill2024-02-28 SC620104core:PlantMachinery2023-02-28 SC620104core:FurnitureFittings2023-02-28 SC620104core:PlantMachinery2024-02-28 SC620104core:FurnitureFittings2024-02-28 SC6201042022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC620104 (Scotland)
THE PHONE SHOP 4U LIMITED accounts for the period from 1 March 2023 to 28 February 2024
THE PHONE SHOP 4U LIMITED accounts Contents
Page
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THE PHONE SHOP 4U LIMITED Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
6,000 
6,000 
Tangible assets
1,995 
2,494 
7,995 
8,494 
Current assets
Inventories
35,460 
19,010 
Debtors
18,698 
18,641 
Cash at bank and in hand
11,883 
2,331 
66,041 
39,982 
Creditors: amounts falling due within one year
(47,175)
(18,770)
Net current assets
18,866 
21,212 
Total assets less current liabilities
26,861 
29,706 
Creditors: amounts falling due after more than one year
(11,706)
(16,432)
Net assets
15,155 
13,274 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
15,154 
13,273 
Shareholders' funds
15,155 
13,274 
For the period ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 August 2024 and were signed on its behalf by
Shahzad AHMED Director Company Registration No. SC620104
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THE PHONE SHOP 4U LIMITED Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
THE PHONE SHOP 4U LIMITED is a private company, limited by shares, registered in Scotland, registration number SC620104. The registered office is 69 MURRAY GATE, MURRAY GATE, DUNDEE, DD1 2EA, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2023
6,000 
At 28 February 2024
6,000 
Amortisation
At 1 March 2023
- 
At 28 February 2024
- 
Net book value
At 28 February 2024
6,000 
At 28 February 2023
6,000 
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THE PHONE SHOP 4U LIMITED Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
2,116 
2,278 
4,394 
At 28 February 2024
2,116 
2,278 
4,394 
Depreciation
At 1 March 2023
757 
1,143 
1,900 
Charge for the period
272 
227 
499 
At 28 February 2024
1,029 
1,370 
2,399 
Net book value
At 28 February 2024
1,087 
908 
1,995 
At 28 February 2023
1,359 
1,135 
2,494 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
18,698 
18,641 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
708 
(8)
Other creditors
2,007 
1,572 
Loans from directors
43,610 
16,056 
Accruals
850 
1,150 
47,175 
18,770 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,706 
16,432 
9
Average number of employees
During the period the average number of employees was 2 (2023: 2).
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