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REGISTERED NUMBER: 12415562 (England and Wales)














Financial Statements

for the Year Ended 31st January 2024

for

PHASE-20 ELECTRICAL CONTRACTORS LTD

PHASE-20 ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 12415562)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHASE-20 ELECTRICAL CONTRACTORS LTD

Company Information
for the Year Ended 31st January 2024







DIRECTORS: B T Kelly
R A Euinton





REGISTERED OFFICE: The Ka's
Chapel Lane
Souldrop
Bedford
MK44 1HB





REGISTERED NUMBER: 12415562 (England and Wales)





ACCOUNTANTS: John Wildman Chartered Accountants
15 Grove Place
Bedford
MK40 3JJ

PHASE-20 ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 12415562)

Balance Sheet
31st January 2024

31.1.24 31.1.23
Notes £    £   
CURRENT ASSETS
Debtors 4 22,913 15,604
Cash at bank 47,766 22,548
70,679 38,152
CREDITORS
Amounts falling due within one year 5 24,217 14,818
NET CURRENT ASSETS 46,462 23,334
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,462

23,334

CAPITAL AND RESERVES
Called up share capital 6 4 4
Retained earnings 46,458 23,330
SHAREHOLDERS' FUNDS 46,462 23,334

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

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

The directors acknowledge their 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.

PHASE-20 ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 12415562)

Balance Sheet - continued
31st January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th September 2024 and were signed on its behalf by:




B T Kelly - Director



R A Euinton - Director


PHASE-20 ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 12415562)

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. STATUTORY INFORMATION

PHASE-20 ELECTRICAL CONTRACTORS 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.

These financial statements are prepared on the going concern basis as it is the intention of the directors to continue supporting the company for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 7,871 5,276
Other debtors 12,560 8,627
VAT 2,482 1,701
22,913 15,604

PHASE-20 ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 12415562)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 6,579 3,566
Corporation tax 14,801 9,286
PAYE/NI/CIS 280 26
Directors' current accounts 2,157 -
Accrued expenses 400 1,940
24,217 14,818

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
3 A Ordinary 1 3 3
1 B Ordinary 1 1 1
4 4