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REGISTERED NUMBER: 09910541 (England and Wales)















GUY PHILLIPS BUILD LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






GUY PHILLIPS BUILD LTD (REGISTERED NUMBER: 09910541)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GUY PHILLIPS BUILD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: G L Phillips





REGISTERED OFFICE: 40 Farmeadow Road
Leominster
Herefordshire
HR6 9AB





REGISTERED NUMBER: 09910541 (England and Wales)





ACCOUNTANTS: Davies Edwards & Co
Chartered Certified Accountants
West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ

GUY PHILLIPS BUILD LTD (REGISTERED NUMBER: 09910541)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 22,881 68,219
22,881 68,219

CURRENT ASSETS
Stocks 1,200 1,750
Debtors 6 29,117 105,612
Cash at bank 56,626 19,209
86,943 126,571
CREDITORS
Amounts falling due within one year 7 17,270 28,707
NET CURRENT ASSETS 69,673 97,864
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,554

166,083

CREDITORS
Amounts falling due after more than one
year

8

-

(6,667

)

PROVISIONS FOR LIABILITIES (4,347 ) (12,962 )
NET ASSETS 88,207 146,454

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 88,107 146,354
SHAREHOLDERS' FUNDS 88,207 146,454

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

GUY PHILLIPS BUILD LTD (REGISTERED NUMBER: 09910541)

BALANCE SHEET - continued
31 DECEMBER 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 4 August 2024 and were signed by:





G L Phillips - Director


GUY PHILLIPS BUILD LTD (REGISTERED NUMBER: 09910541)

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

1. STATUTORY INFORMATION

Guy Phillips Build Ltd 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.

Incorporation costs
Incorporation costs have been fully amortised in the year in which they were incurred.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% 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.

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.

GUY PHILLIPS BUILD LTD (REGISTERED NUMBER: 09910541)

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

2. ACCOUNTING POLICIES - continued

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. Hire purchase interest is charged to profit or loss on a straight line basis over the period of the agreement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 269
AMORTISATION
At 1 January 2023
and 31 December 2023 269
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 114,254 1,638 33,077 3,259 152,228
Additions 1,600 - - - 1,600
Disposals (62,500 ) - - - (62,500 )
At 31 December 2023 53,354 1,638 33,077 3,259 91,328
DEPRECIATION
At 1 January 2023 53,812 558 27,372 2,267 84,009
Charge for year 4,407 216 1,427 888 6,938
Eliminated on disposal (22,500 ) - - - (22,500 )
At 31 December 2023 35,719 774 28,799 3,155 68,447
NET BOOK VALUE
At 31 December 2023 17,635 864 4,278 104 22,881
At 31 December 2022 60,442 1,080 5,705 992 68,219

GUY PHILLIPS BUILD LTD (REGISTERED NUMBER: 09910541)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2023 62,500
Disposals (62,500 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 22,500
Eliminated on disposal (22,500 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 40,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,788 25,342
Directors' current accounts 19,969 76,629
Prepayments and accrued income 3,360 3,641
29,117 105,612

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 10,000
Trade creditors 5,044 6,208
Tax 5,976 7,399
Social security and other taxes (1,808 ) (1,864 )
VAT 6,278 5,129
Accruals and deferred income 1,780 1,835
17,270 28,707

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts - 6,667

GUY PHILLIPS BUILD LTD (REGISTERED NUMBER: 09910541)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 January 2023 146,354
Deficit for the year (11,247 )
Dividends (47,000 )
At 31 December 2023 88,107

11. DIRECTOR'S ADVANCES, CREDITS AND RELATED PARTY TRANSACTIONS

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
G L Phillips
Balance outstanding at start of year 76,629 4,733
Amounts advanced 8,850 117,632
Amounts repaid (65,509 ) (45,736 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,970 76,629

The director, G L Phillips, also operates as a sole trader under his own name. Goods and services from G L Phillips amounted to £26,796 during this financial period.
Good and services to G L Phillips amounted to £30,000 during this financial period.

Final dividends of £47,000 were paid to the director in relation to the year ended 31 December 2023.