PHILLIPS BRICKWORK AND CONSTRUCTION LIMITED

Company Registration Number:
10701587 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

PHILLIPS BRICKWORK AND CONSTRUCTION LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

PHILLIPS BRICKWORK AND CONSTRUCTION LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 81,040 44,157
Total fixed assets: 81,040 44,157
Current assets
Debtors:   72,916 58,550
Cash at bank and in hand: 27,714 5,009
Total current assets: 100,630 63,559
Creditors: amounts falling due within one year: 4 (57,599) (29,326)
Net current assets (liabilities): 43,031 34,233
Total assets less current liabilities: 124,071 78,390
Creditors: amounts falling due after more than one year: 5 (47,404) (47,271)
Provision for liabilities: (20,260) (11,039)
Total net assets (liabilities): 56,407 20,080
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 56,307 19,980
Shareholders funds: 56,407 20,080

The notes form part of these financial statements

PHILLIPS BRICKWORK AND CONSTRUCTION LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 December 2024
and signed on behalf of the board by:

Name: J M E PHILLIPS
Status: Director

The notes form part of these financial statements

PHILLIPS BRICKWORK AND CONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the value of work carried out, up to the balance sheet date.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Motor Vehicles - 25% written down value Plant and Equipment - 20% written down value Office Equipment-20% written down value. Assets held under lease and hire purchase contracts are depreciated in the same way as owned assets.

Other accounting policies

Taxation: Taxation represents the sum of tax currently payable and deferred tax. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Debtors and Creditors Receivable/Payable Within One Year: Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Leased Assets and Hire Purchase Contracts: Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor, are charged to the profit and loss account as incurred. Assets acquired under lease purchase and hire purchase contracts are capitalised as tangible fixed assets. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance charge is charged to the profit and loss account, so as to produce a constant periodic rate of charge over the period of the agreement. Loans: Loans are initially recognised at the transaction price including associated costs. Interest is charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Pension Costs: Contributions payable are charged to the profit and loss account in the period to which they relate.

PHILLIPS BRICKWORK AND CONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

PHILLIPS BRICKWORK AND CONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 58,866
Additions 51,634
At 31 March 2024 110,500
Depreciation
At 01 April 2023 14,709
Charge for year 14,751
At 31 March 2024 29,460
Net book value
At 31 March 2024 81,040
At 31 March 2023 44,157

PHILLIPS BRICKWORK AND CONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

Secured Creditors are included at £13,623 (2023: £10,071)

PHILLIPS BRICKWORK AND CONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due after more than one year note

Secured Creditors are included at £30,039 (2023: £19,829)

PHILLIPS BRICKWORK AND CONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Financial commitments

The Company has total minimum lease payments under non cancellable operating leases as follows: Within one year : £16,735 (2023: £5,448) After one year but within five years: £0 (2023: £16,735)