11 01/03/2023 28/02/2024 2024-02-28 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-03-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 08674319 2023-03-01 2024-02-28 08674319 2024-02-28 08674319 2023-02-28 08674319 2022-03-01 2023-02-28 08674319 2023-02-28 08674319 2022-02-28 08674319 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-28 08674319 bus:RegisteredOffice 2023-03-01 2024-02-28 08674319 bus:LeadAgentIfApplicable 2023-03-01 2024-02-28 08674319 bus:Director1 2023-03-01 2024-02-28 08674319 core:FurnitureFittingsToolsEquipment 2023-02-28 08674319 core:FurnitureFittingsToolsEquipment 2024-02-28 08674319 core:WithinOneYear 2024-02-28 08674319 core:WithinOneYear 2023-02-28 08674319 core:AfterOneYear 2024-02-28 08674319 core:AfterOneYear 2023-02-28 08674319 core:ShareCapital 2024-02-28 08674319 core:ShareCapital 2023-02-28 08674319 core:RetainedEarningsAccumulatedLosses 2024-02-28 08674319 core:RetainedEarningsAccumulatedLosses 2023-02-28 08674319 core:FurnitureFittingsToolsEquipment 2023-02-28 08674319 bus:SmallEntities 2023-03-01 2024-02-28 08674319 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 08674319 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 08674319 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 08674319 bus:FullAccounts 2023-03-01 2024-02-28
Company registration number: 08674319
Your Phone Care Limited
Unaudited filleted financial statements
28 February 2024
Your Phone Care Limited
Contents
Directors and other information
Director's report
Accountants report
Statement of financial position
Notes to the financial statements
Your Phone Care Limited
Directors and other information
Director Shavaiz Mehmood
Company number 08674319
Registered office 28 Mayfair House
Festival Place
Basingstoke
RG21 7JY
Accountants MyGoTo Accountants Limited
Neal's Corner Suite 20
2 Bath Road
Hounslow
TW3 3HJ
Your Phone Care Limited
Director's report
Year ended 28 February 2024
The director presents his report and the unaudited financial statements of the company for the year ended 28 February 2024.
Director
The director who served the company during the year was as follows:
Shavaiz Mehmood
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 27 November 2024 and signed on behalf of the board by:
Shavaiz Mehmood
Director
Your Phone Care Limited
Report to the director on the preparation of the
unaudited statutory financial statements of Your Phone Care Limited
Year ended 28 February 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 28 February 2024 which comprise the statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. 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 from information and explanations supplied to us.
MyGoTo Accountants Limited
Neal's Corner Suite 20
2 Bath Road
Hounslow
TW3 3HJ
27 November 2024
Your Phone Care Limited
Statement of financial position
28 February 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 92,827 71,262
_______ _______
92,827 71,262
Current assets
Stocks 500,000 610,000
Debtors 6 219,201 114,800
_______ _______
719,201 724,800
Creditors: amounts falling due
within one year 7 ( 369,641) ( 347,409)
_______ _______
Net current assets 349,560 377,391
_______ _______
Total assets less current liabilities 442,387 448,653
Creditors: amounts falling due
after more than one year 8 ( 389,284) ( 423,234)
_______ _______
Net assets 53,103 25,419
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 53,003 25,319
_______ _______
Shareholder funds 53,103 25,419
_______ _______
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 November 2024 , and are signed on behalf of the board by:
Shavaiz Mehmood
Director
Company registration number: 08674319
Your Phone Care Limited
Notes to the financial statements
Year ended 28 February 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 28 Mayfair House, Festival Place, Basingstoke, RG21 7JY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Staff costs
The average number of persons employed by the company during the year amounted to 11 (2023: 11 ).
The aggregate payroll costs incurred during the year were:
2024 2023
£ £
Wages and salaries 104,911 124,627
Social security costs 3,112 1,453
Other pension costs 514 489
_______ _______
108,537 126,569
_______ _______
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 March 2023 206,623 206,623
Additions 44,771 44,771
_______ _______
At 28 February 2024 251,394 251,394
_______ _______
Depreciation
At 1 March 2023 135,361 135,361
Charge for the year 23,206 23,206
_______ _______
At 28 February 2024 158,567 158,567
_______ _______
Carrying amount
At 28 February 2024 92,827 92,827
_______ _______
At 28 February 2023 71,262 71,262
_______ _______
6. Debtors
2024 2023
£ £
Trade debtors 48,360 -
Other debtors 170,841 114,800
_______ _______
219,201 114,800
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 18,010 9,341
Trade creditors 210,589 252,731
Corporation tax 9,036 13,521
Social security and other taxes 24,856 14,232
Other creditors 107,150 57,584
_______ _______
369,641 347,409
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 32,675 38,839
Other creditors 356,609 384,395
_______ _______
389,284 423,234
_______ _______