1 November 2023 false No description of principal activity Taxfiler 2024.6 12986941business:PrivateLimitedCompanyLtd2023-11-012024-10-31 129869412023-10-31 129869412023-11-012024-10-31 12986941business:AuditExemptWithAccountantsReport2023-11-012024-10-31 12986941business:FilletedAccounts2023-11-012024-10-31 129869412024-10-31 12986941business:Director12023-11-012024-10-31 12986941business:RegisteredOffice2023-11-012024-10-31 129869412023-10-31 12986941core:WithinOneYear2024-10-31 12986941core:WithinOneYear2023-10-31 12986941core:SharePremiumcore:PreviouslyStatedAmount2024-10-31 12986941core:SharePremiumcore:PreviouslyStatedAmount2023-10-31 12986941core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 12986941core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 12986941core:PreviouslyStatedAmount2024-10-31 12986941core:PreviouslyStatedAmount2023-10-31 12986941business:SmallEntities2023-11-012024-10-31 12986941countries:EnglandWales2023-11-012024-10-31 12986941core:PlantMachinery2023-11-012024-10-31 12986941core:IntangibleAssetsOtherThanGoodwill2023-10-31 12986941core:IntangibleAssetsOtherThanGoodwill2024-10-31 12986941core:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-31 12986941core:PlantMachinery2023-10-31 12986941core:PlantMachinery2024-10-31 129869412022-11-012023-10-31 iso4217:GBP xbrli:pure
Company Registration No. 12986941 (England and Wales)
Phillips Technology Solutions Limited Unaudited accounts for the year ended 31 October 2024
Phillips Technology Solutions Limited Unaudited accounts Contents
Page
- 2 -
Phillips Technology Solutions Limited Company Information for the year ended 31 October 2024
Director
David Phillips
Company Number
12986941 (England and Wales)
Registered Office
18 Worcester Park Bath BA1 6QU England
Accountants
Vision Accounting Fortis House Cothey Way Ryde Isle of Wight PO33 1QT
- 3 -
Phillips Technology Solutions Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
14,333 
18,333 
Tangible assets
2,901 
4,414 
17,234 
22,747 
Current assets
Debtors
6,574 
- 
Cash at bank and in hand
489 
5,771 
7,063 
5,771 
Creditors: amounts falling due within one year
(19,950)
(17,632)
Net current liabilities
(12,887)
(11,861)
Net assets
4,347 
10,886 
Capital and reserves
Share premium
100 
100 
Profit and loss account
4,247 
10,786 
Shareholders' funds
4,347 
10,886 
For the year ending 31 October 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 20 November 2024 and were signed on its behalf by
David Phillips Director Company Registration No. 12986941
- 4 -
Phillips Technology Solutions Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Phillips Technology Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 12986941. The registered office is 18 Worcester Park, Bath, BA1 6QU, 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
Straight Line - 25%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortised over five years using the straight line method.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2023
20,000 
At 31 October 2024
20,000 
Amortisation
At 1 November 2023
1,667 
Charge for the year
4,000 
At 31 October 2024
5,667 
Net book value
At 31 October 2024
14,333 
At 31 October 2023
18,333 
- 5 -
Phillips Technology Solutions Limited Notes to the Accounts for the year ended 31 October 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2023
6,053 
At 31 October 2024
6,053 
Depreciation
At 1 November 2023
1,639 
Charge for the year
1,513 
At 31 October 2024
3,152 
Net book value
At 31 October 2024
2,901 
At 31 October 2023
4,414 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,574 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
954 
346 
Taxes and social security
- 
3,526 
Loans from directors
18,326 
13,020 
Accruals
670 
740 
19,950 
17,632 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -