IRIS Accounts Production v24.1.0.578 05390054 director 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 'A' shares 1.00000 Ordinary 'B' shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh053900542023-03-31053900542024-03-31053900542023-04-012024-03-31053900542022-03-31053900542022-04-012023-03-31053900542023-03-3105390054ns14:PoundSterling2023-04-012024-03-3105390054ns10:Director12023-04-012024-03-3105390054ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3105390054ns10:SmallEntities2023-04-012024-03-3105390054ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3105390054ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3105390054ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105390054ns10:FullAccounts2023-04-012024-03-310539005412023-04-012024-03-3105390054ns10:OrdinaryShareClass12023-04-012024-03-3105390054ns10:OrdinaryShareClass22023-04-012024-03-3105390054ns10:CompanySecretary12023-04-012024-03-3105390054ns10:RegisteredOffice2023-04-012024-03-3105390054ns5:CurrentFinancialInstruments2024-03-3105390054ns5:CurrentFinancialInstruments2023-03-3105390054ns5:ShareCapital2024-03-3105390054ns5:ShareCapital2023-03-3105390054ns5:RetainedEarningsAccumulatedLosses2024-03-3105390054ns5:RetainedEarningsAccumulatedLosses2023-03-310539005412023-04-012024-03-3105390054ns5:NetGoodwill2023-04-012024-03-3105390054ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3105390054ns5:LeaseholdImprovements2023-04-012024-03-3105390054ns5:PlantMachinery2023-04-012024-03-3105390054ns5:FurnitureFittings2023-04-012024-03-3105390054ns5:MotorVehicles2023-04-012024-03-3105390054ns5:ComputerEquipment2023-04-012024-03-3105390054ns5:NetGoodwill2023-03-3105390054ns5:NetGoodwill2024-03-3105390054ns5:NetGoodwill2023-03-3105390054ns5:LeaseholdImprovements2023-03-3105390054ns5:PlantMachinery2023-03-3105390054ns5:FurnitureFittings2023-03-3105390054ns5:LeaseholdImprovements2024-03-3105390054ns5:PlantMachinery2024-03-3105390054ns5:FurnitureFittings2024-03-3105390054ns5:LeaseholdImprovements2023-03-3105390054ns5:PlantMachinery2023-03-3105390054ns5:FurnitureFittings2023-03-3105390054ns5:MotorVehicles2023-03-3105390054ns5:ComputerEquipment2023-03-3105390054ns5:MotorVehicles2024-03-3105390054ns5:ComputerEquipment2024-03-3105390054ns5:MotorVehicles2023-03-3105390054ns5:ComputerEquipment2023-03-3105390054ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3105390054ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3105390054ns10:OrdinaryShareClass12024-03-3105390054ns10:OrdinaryShareClass22024-03-31
REGISTERED NUMBER: 05390054













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

F E PHILCOX LIMITED

F E PHILCOX LIMITED (REGISTERED NUMBER: 05390054)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F E PHILCOX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: I H Bretherick





SECRETARY: I H Bretherick





REGISTERED OFFICE: 24 Church Road
Catsfield
Battle
East Sussex
TN33 9DP





REGISTERED NUMBER: 05390054





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

F E PHILCOX LIMITED (REGISTERED NUMBER: 05390054)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 39,290 48,411
39,290 48,411

CURRENT ASSETS
Stocks 10,000 9,000
Debtors 6 20,034 42,172
Cash at bank and in hand 155,862 144,825
185,896 195,997
CREDITORS
Amounts falling due within one year 7 (31,555 ) (34,390 )
NET CURRENT ASSETS 154,341 161,607
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,631

210,018

CAPITAL AND RESERVES
Called up share capital 8 300 300
Retained earnings 193,331 209,718
SHAREHOLDERS' FUNDS 193,631 210,018

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

F E PHILCOX LIMITED (REGISTERED NUMBER: 05390054)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 August 2024 and were signed by:





I H Bretherick - Director


F E PHILCOX LIMITED (REGISTERED NUMBER: 05390054)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

F E Philcox Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements have had to be made by management in preparing these financial statements.

There were no key assumptions made concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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 2005, is being amortised evenly over its estimated useful life of ten 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.
Improvements to property - over term of lease
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

F E PHILCOX LIMITED (REGISTERED NUMBER: 05390054)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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 year was 5 (2023 - 5 ) .

F E PHILCOX LIMITED (REGISTERED NUMBER: 05390054)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 150,000
AMORTISATION
At 1 April 2023
and 31 March 2024 150,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023
and 31 March 2024 31,687 50,417 6,814
DEPRECIATION
At 1 April 2023 9,506 41,297 6,423
Charge for year 3,169 1,368 59
At 31 March 2024 12,675 42,665 6,482
NET BOOK VALUE
At 31 March 2024 19,012 7,752 332
At 31 March 2023 22,181 9,120 391

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 59,898 6,897 155,713
DEPRECIATION
At 1 April 2023 44,309 5,767 107,302
Charge for year 3,897 628 9,121
At 31 March 2024 48,206 6,395 116,423
NET BOOK VALUE
At 31 March 2024 11,692 502 39,290
At 31 March 2023 15,589 1,130 48,411

F E PHILCOX LIMITED (REGISTERED NUMBER: 05390054)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,698 37,468
Other debtors 5,336 4,704
20,034 42,172

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,059 11,883
Taxation and social security 18,410 18,941
Other creditors 4,086 3,566
31,555 34,390

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary 'A' shares 1 200 200
100 Ordinary 'B' shares £1 100 100
300 300