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REGISTERED NUMBER: 07239589 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Phil Walker Limited

Phil Walker Limited (Registered number: 07239589)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Phil Walker Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr P A Walker
Ms S Sweeney





REGISTERED OFFICE: 15 Pavilion Close
East Yorkshire
Hull
HU8 8EA





REGISTERED NUMBER: 07239589 (England and Wales)





ACCOUNTANTS: MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG

Phil Walker Limited (Registered number: 07239589)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,110 289

CURRENT ASSETS
Debtors 5 6,282 28,151
Cash at bank 6,260 2,133
12,542 30,284
CREDITORS
Amounts falling due within one year 6 4,456 17,597
NET CURRENT ASSETS 8,086 12,687
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,196

12,976

CREDITORS
Amounts falling due after more than one
year

7

9,029

12,876
NET ASSETS 167 100

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 67 -
SHAREHOLDERS' FUNDS 167 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Phil Walker Limited (Registered number: 07239589)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by:





Mr P A Walker - Director


Phil Walker Limited (Registered number: 07239589)

Notes to the Financial Statements
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Phil Walker 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
Turnover 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.
Computer equipment - 20% on reducing balance

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 balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Phil Walker Limited (Registered number: 07239589)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023 944
Additions 1,099
At 31 March 2024 2,043
DEPRECIATION
At 1 April 2023 655
Charge for year 278
At 31 March 2024 933
NET BOOK VALUE
At 31 March 2024 1,110
At 31 March 2023 289

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 740 5,697
Other debtors 5,542 5,542
Directors' current accounts - 16,912
6,282 28,151

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax (120 ) 11,090
Social security and other taxes (1,205 ) (118 )
VAT 4,009 3,739
Net Wages - 1,926
Directors' current accounts 536 -
Accrued expenses 1,236 960
4,456 17,597

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 4,000 4,000
Bank loans - 2-5 years 153 4,000
Bank loans more 5 yr by instal 4,876 4,876
9,029 12,876

Phil Walker Limited (Registered number: 07239589)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,876 4,876

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

Profit for the year 23,767
Dividends (23,700 )
At 31 March 2024 67

Phil Walker Limited

Report of the Accountants to the Directors of
Phil Walker Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG


7 November 2024