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Company Registration No. 09958860 (England and Wales)
M G Phillips Holdings Limited Unaudited accounts for the year ended 31 January 2024
M G Phillips Holdings Limited Unaudited accounts Contents
Page
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M G Phillips Holdings Limited Company Information for the year ended 31 January 2024
Director
Matthew Phillips
Company Number
09958860 (England and Wales)
Registered Office
NEWCASTLE HOUSE OLIVER CLOSE WEST THURROCK GRAYS ESSEX RM20 3EE ENGLAND
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M G Phillips Holdings Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,346,170 
1,367,427 
Current assets
Debtors
500,000 
602,927 
Cash at bank and in hand
103 
9,073 
500,103 
612,000 
Creditors: amounts falling due within one year
(57,842)
(145,736)
Net current assets
442,261 
466,264 
Total assets less current liabilities
1,788,431 
1,833,691 
Creditors: amounts falling due after more than one year
(1,377,197)
(1,449,111)
Net assets
411,234 
384,580 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
411,134 
384,480 
Shareholders' funds
411,234 
384,580 
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 8 May 2024 and were signed on its behalf by
Matthew Phillips Director Company Registration No. 09958860
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M G Phillips Holdings Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
M G Phillips Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 09958860. The registered office is NEWCASTLE HOUSE OLIVER CLOSE, WEST THURROCK, GRAYS, ESSEX, RM20 3EE, ENGLAND.
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
10% Reducing Balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
1,154,850 
400,000 
1,554,850 
At 31 January 2024
1,154,850 
400,000 
1,554,850 
Depreciation
At 1 February 2023
- 
187,423 
187,423 
Charge for the year
- 
21,257 
21,257 
At 31 January 2024
- 
208,680 
208,680 
Net book value
At 31 January 2024
1,154,850 
191,320 
1,346,170 
At 31 January 2023
1,154,850 
212,577 
1,367,427 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
102,927 
Amounts falling due after more than one year
Other debtors
500,000 
500,000 
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M G Phillips Holdings Limited Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
57,842 
145,736 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,098,334 
933,761 
Other creditors
278,863 
515,350 
1,377,197 
1,449,111 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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