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Company Registration No. 5388560 (England and Wales)
Philly Wilson Design Limited Unaudited accounts for the year ended 31 March 2024
Philly Wilson Design Limited Unaudited accounts Contents
Page
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Philly Wilson Design Limited Company Information for the year ended 31 March 2024
Director
Philly Denison Smith
Company Number
5388560 (England and Wales)
Registered Office
The Wash, 53-54 Thaxted Road Saffron Walden CB11 3LS GB
Accountants
SA Ledgers Ltd 57 Canbury Park Road Kingston KT2 6LQ
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Philly Wilson Design Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,501 
2,401 
Current assets
Inventories
1,046 
631 
Debtors
4,393 
2,135 
Cash at bank and in hand
11,963 
48,541 
17,402 
51,307 
Creditors: amounts falling due within one year
(31,098)
(52,595)
Net current liabilities
(13,696)
(1,288)
Net assets
1,805 
1,113 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
1,803 
1,111 
Shareholders' funds
1,805 
1,113 
For the year ending 31 March 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 her 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 18 December 2024 and were signed on its behalf by
Philly Denison Smith Director Company Registration No. 5388560
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Philly Wilson Design Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Philly Wilson Design Limited is a private company, limited by shares, registered in England and Wales, registration number 5388560. The registered office is The Wash, 53-54 Thaxted Road, Saffron Walden, CB11 3LS, GB.
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:
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
- 
5,499 
722 
6,221 
Additions
12,450 
3,345 
- 
15,795 
At 31 March 2024
12,450 
8,844 
722 
22,016 
Depreciation
At 1 April 2023
- 
3,820 
- 
3,820 
Charge for the year
1,245 
1,209 
241 
2,695 
At 31 March 2024
1,245 
5,029 
241 
6,515 
Net book value
At 31 March 2024
11,205 
3,815 
481 
15,501 
At 31 March 2023
- 
1,679 
722 
2,401 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,900 
329 
Other debtors
493 
1,806 
4,393 
2,135 
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Philly Wilson Design Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
256 
Taxes and social security
691 
1,518 
Other creditors
1,814 
16,506 
Loans from directors
27,541 
33,263 
Accruals
1,052 
1,052 
31,098 
52,595 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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