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Mr Phone Connect Ealing Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10459446
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 29,144 29,144
29,144 29,144
CURRENT ASSETS
Stocks 5 10,369 12,963
Debtors 6 10,300 13,000
Cash at bank and in hand 2,896 1,747
23,565 27,710
Creditors: Amounts Falling Due Within One Year 7 (21,778 ) (32,266 )
NET CURRENT ASSETS (LIABILITIES) 1,787 (4,556 )
TOTAL ASSETS LESS CURRENT LIABILITIES 30,931 24,588
Creditors: Amounts Falling Due After More Than One Year 8 (17,515 ) (20,299 )
NET ASSETS 13,416 4,289
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 13,415 4,288
SHAREHOLDERS' FUNDS 13,416 4,289
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ali Ali
Director
25/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mr Phone Connect Ealing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10459446 . The registered office is 44 The Broadway, West Ealing, London, W13 0SU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives.
Leasehold
Fixtures & Fittings
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 December 2022 1,214 27,930 29,144
As at 30 November 2023 1,214 27,930 29,144
Net Book Value
As at 30 November 2023 1,214 27,930 29,144
As at 1 December 2022 1,214 27,930 29,144
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Page 4
5. Stocks
2023 2022
£ £
Stock 10,369 12,963
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 10,000 13,000
Other taxes and social security 300 -
10,300 13,000
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 752 752
Accruals and deferred income 9,890 12,750
Director's loan account 11,136 18,764
21,778 32,266
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 17,515 20,299
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 4