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REGISTERED NUMBER: 07809866 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

PHIPPS SITE SERVICES LIMITED

PHIPPS SITE SERVICES LIMITED (REGISTERED NUMBER: 07809866)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PHIPPS SITE SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mr S P Phipps





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 07809866 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

PHIPPS SITE SERVICES LIMITED (REGISTERED NUMBER: 07809866)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 13,462 188

CURRENT ASSETS
Debtors 5 255 -
Cash at bank 371 62,656
626 62,656
CREDITORS
Amounts falling due within one year 6 2,098 2,371
NET CURRENT (LIABILITIES)/ASSETS (1,472 ) 60,285
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,990

60,473

PROVISIONS FOR LIABILITIES 7 - 111
NET ASSETS 11,990 60,362

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 11,890 60,262
SHAREHOLDERS' FUNDS 11,990 60,362

PHIPPS SITE SERVICES LIMITED (REGISTERED NUMBER: 07809866)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 2023


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

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

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 28 October 2024 and were signed by:





Mr S P Phipps - Director


PHIPPS SITE SERVICES LIMITED (REGISTERED NUMBER: 07809866)

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


1. STATUTORY INFORMATION

Phipps Site Services Limited 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

PHIPPS SITE SERVICES LIMITED (REGISTERED NUMBER: 07809866)

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


4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 November 2022 10,099 - 250 10,349
Additions - 17,950 - 17,950
At 31 October 2023 10,099 17,950 250 28,299
Depreciation
At 1 November 2022 9,911 - 250 10,161
Charge for year 188 4,488 - 4,676
At 31 October 2023 10,099 4,488 250 14,837
Net book value
At 31 October 2023 - 13,462 - 13,462
At 31 October 2022 188 - - 188

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
VAT 255 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Directors' current accounts 555 828
Accruals and deferred income 1,543 1,543
2,098 2,371

7. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax - 111

Deferred
tax
£   
Balance at 1 November 2022 111
Credit to Income Statement during year (111 )
Balance at 31 October 2023 -

PHIPPS SITE SERVICES LIMITED (REGISTERED NUMBER: 07809866)

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


8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Share capital 1 £1 100 100