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Company Registration No. 14100784 (England and Wales)
L PHILLIPS PLASTERING LIMITED Unaudited accounts for the year ended 31 May 2024
L PHILLIPS PLASTERING LIMITED Unaudited accounts Contents
Page
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L PHILLIPS PLASTERING LIMITED Company Information for the year ended 31 May 2024
Director
L Phillips
Company Number
14100784 (England and Wales)
Registered Office
187 Stewart Road Bournemouth BH8 8PB United Kingdom
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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L PHILLIPS PLASTERING LIMITED Accountants' report
Accountants' report to the director of L PHILLIPS PLASTERING LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of L PHILLIPS PLASTERING LIMITED for the year ended 31 May 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of L PHILLIPS PLASTERING LIMITED , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of L PHILLIPS PLASTERING LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than L PHILLIPS PLASTERING LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that L PHILLIPS PLASTERING LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of L PHILLIPS PLASTERING LIMITED . You consider that L PHILLIPS PLASTERING LIMITED 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 accounts of L PHILLIPS PLASTERING LIMITED . 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 accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 7 August 2024
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L PHILLIPS PLASTERING LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
8,800 
9,900 
Tangible assets
43,671 
- 
52,471 
9,900 
Current assets
Debtors
92,321 
47,282 
Cash at bank and in hand
21,935 
39,727 
114,256 
87,009 
Creditors: amounts falling due within one year
(105,368)
(64,193)
Net current assets
8,888 
22,816 
Net assets
61,359 
32,716 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
61,259 
32,616 
Shareholders' funds
61,359 
32,716 
For the year ending 31 May 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 7 August 2024 and were signed on its behalf by
L Phillips Director Company Registration No. 14100784
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L PHILLIPS PLASTERING LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
L PHILLIPS PLASTERING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14100784. The registered office is 187 Stewart Road, Bournemouth, BH8 8PB, United Kingdom.
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 year, 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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
Motor vehicles
25% Reducing Balance
Computer equipment
33% Straight Line
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2023
11,000 
At 31 May 2024
11,000 
Amortisation
At 1 June 2023
1,100 
Charge for the year
1,100 
At 31 May 2024
2,200 
Net book value
At 31 May 2024
8,800 
At 31 May 2023
9,900 
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L PHILLIPS PLASTERING LIMITED Notes to the Accounts for the year ended 31 May 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
- 
- 
- 
- 
Additions
11,693 
40,167 
2,039 
53,899 
At 31 May 2024
11,693 
40,167 
2,039 
53,899 
Depreciation
Charge for the year
254 
9,742 
232 
10,228 
At 31 May 2024
254 
9,742 
232 
10,228 
Net book value
At 31 May 2024
11,439 
30,425 
1,807 
43,671 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
4,180 
- 
Trade debtors
2,940 
5,712 
Other debtors
85,201 
41,570 
92,321 
47,282 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
4,357 
Taxes and social security
23,045 
22,586 
Other creditors
81,711 
37,250 
Loans from directors
612 
- 
105,368 
64,193 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
L Phillips
Directors Loan Account
- 
(110,025)
(109,413)
(612)
- 
(110,025)
(109,413)
(612)
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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