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Company Registration No. 09373527 (England and Wales)
Phase Innovations Limited Unaudited accounts for the year ended 31 January 2024
Phase Innovations Limited Unaudited accounts Contents
Page
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Phase Innovations Limited Company Information for the year ended 31 January 2024
Director
Paul James Goodchild
Company Number
09373527 (England and Wales)
Registered Office
Dale View Cottage Waldron Heathfield East Sussex TN21 0QU UK
Accountants
Blue Arrow Accounting Limited 1 Sunrays East Street Mayfield East Sussex TN20 6TZ
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Phase Innovations Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,014 
3,287 
Current assets
Inventories
9,100 
17,546 
Debtors
4,774 
5,987 
Cash at bank and in hand
78,217 
78,180 
92,091 
101,713 
Creditors: amounts falling due within one year
(11,657)
(13,103)
Net current assets
80,434 
88,610 
Total assets less current liabilities
82,448 
91,897 
Provisions for liabilities
Deferred tax
(767)
(915)
Net assets
81,681 
90,982 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
80,681 
89,982 
Shareholders' funds
81,681 
90,982 
For the year ending 31 January 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 21 September 2024 and were signed on its behalf by
Paul James Goodchild Director Company Registration No. 09373527
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Phase Innovations Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Phase Innovations Limited is a private company, limited by shares, registered in England and Wales, registration number 09373527. The registered office is Dale View Cottage, Waldron, Heathfield, East Sussex, TN21 0QU, UK.
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.
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
25% reducing balance
Computer equipment
3 years
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
20,800 
1,048 
21,848 
At 31 January 2024
20,800 
1,048 
21,848 
Depreciation
At 1 February 2023
18,029 
532 
18,561 
Charge for the year
923 
350 
1,273 
At 31 January 2024
18,952 
882 
19,834 
Net book value
At 31 January 2024
1,848 
166 
2,014 
At 31 January 2023
2,771 
516 
3,287 
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Phase Innovations Limited Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,884 
138 
Trade debtors
2,890 
4,867 
Other debtors
- 
982 
4,774 
5,987 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
150 
- 
Taxes and social security
4,276 
6,704 
Other creditors
3 
- 
Loans from directors
7,228 
6,399 
11,657 
13,103 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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