Registered number
09432957
Philip Kay Limited
Accounts
29 February 2024
Philip Kay Limited
Report and accounts
Contents
Page
Company information 1
Accountants' report 2
Profit and loss account 3
Balance sheet 4
Philip Kay Limited
Company Information
Director
P M Kay
Accountants
Simple Accounting Limited
95 Bridge Lanes
Hebden Bridge
HX7 6AT
Registered office
37 Harefield Road
London
England
SE4 1LW
Registered number
09432957
Philip Kay Limited
Accountants' Report
Accountants' report to the director of
Philip Kay Limited
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Philip Kay Limited for the period ended 29 February 2024 set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Management Accountants (CIMA), we are subject to its ethical and other professional requirements which are detailed at cima.com. This report is made solely to the Board of Directors of Philip Kay Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Philip Kay Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Management Accountants as detailed at cima.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Philip Kay Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Philip Kay Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Philip Kay Limited. You consider that Philip Kay Limited is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the accounts of Philip Kay Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Mark R Hill BSc (Econ) Dip ACMA
Simple Accounting Limited
Chartered Management Accountants
95 Bridge Lanes
Hebden Bridge
HX7 6AT
25 November 2024
Philip Kay Limited
Profit and Loss Account
for the year ended 29 February 2024
2024 2023
£ £
Turnover 403,859 382,126
Cost of sales (10,209) (1,036)
Gross Profit 393,650 381,090
Administrative expenses (175,355) (284,891)
Other operating income 1 2,984
Operating Profit 218,296 99,183
Interest receivable 263 -
Interest payable (2,182) -
Profit on ordinary activities before taxation 216,377 99,183
Tax on profit & loss on ordinary activities (59,596) 50,043
Profit for the financial year 156,781 149,226
Retained earnings as at 1 March 2023 761,453 663,490
Dividends (61,981) (51,263)
Retained earnings as at 29 February 2024 856,253 761,453
Philip Kay Limited
Registered number: 09432957
Balance Sheet
as at 29 February 2024
2024 2023
£ £
Fixed assets
Tangible assets 120,696 106,230
Current assets
Debtors 109,722 120,936
Cash at bank and in hand 703,549 586,275
813,271 707,211
Creditors: amounts falling due within one year (77,614) (51,888)
Net current assets 735,657 655,323
Total assets less current liabilities 856,353 761,553
Creditors: amounts falling due after more than one year - -
Net assets 856,353 761,553
Called up share capital 100 100
Profit and loss account (856,253) (761,453)
Capital and reserves 856,353 761,553
Average number of employees Number Number
2 2
Notes to Financial Statements
The company is a private company limited by shares and incorporated in England. Its registered office is 37 Harefield Road, London, England, SE4 1LW.
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
P M Kay
Director
Approved by the board on 25 November 2024
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