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Company Registration No. 3098083 (England and Wales)
Phyto Therapeutics Limited Unaudited accounts for the year ended 29 February 2024
Phyto Therapeutics Limited Unaudited accounts Contents
Page
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Phyto Therapeutics Limited Company Information for the year ended 29 February 2024
Director
K R Cavan
Company Number
3098083 (England and Wales)
Registered Office
337 Baslow Road Totley SHEFFIELD S17 4AD
Accountants
HART SIMPSON 65 Ward Street New Tupton Chesterfield Derbyshire S42 6XR
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Phyto Therapeutics Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,022,592 
1,025,704 
Current assets
Debtors
103,366 
103,798 
Cash at bank and in hand
12,220 
1,612 
115,586 
105,410 
Creditors: amounts falling due within one year
(71,410)
(56,923)
Net current assets
44,176 
48,487 
Net assets
1,066,768 
1,074,191 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,066,668 
1,074,091 
Shareholders' funds
1,066,768 
1,074,191 
For the year ending 29 February 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 1 October 2024 and were signed on its behalf by
K R Cavan Director Company Registration No. 3098083
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Phyto Therapeutics Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Phyto Therapeutics Limited is a private company, limited by shares, registered in England and Wales, registration number 3098083. The registered office is 337 Baslow Road, Totley, SHEFFIELD, S17 4AD.
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
5%
Motor vehicles
5%
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
1,004,959 
118,778 
40,167 
1,163,904 
At 29 February 2024
1,004,959 
118,778 
40,167 
1,163,904 
Depreciation
At 1 March 2023
- 
103,839 
34,361 
138,200 
Charge for the year
- 
2,241 
871 
3,112 
At 29 February 2024
- 
106,080 
35,232 
141,312 
Net book value
At 29 February 2024
1,004,959 
12,698 
4,935 
1,022,592 
At 28 February 2023
1,004,959 
14,939 
5,806 
1,025,704 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
103,366 
103,798 
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Phyto Therapeutics Limited Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(2,953)
- 
Trade creditors
750 
- 
Taxes and social security
1,949 
1,909 
Other creditors
26,750 
10,000 
Loans from directors
44,914 
45,014 
71,410 
56,923 
7
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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