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
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
Philly Wilson Design Limited
Statement of financial position
as at 31 March 2024
Tangible assets
15,501
2,401
Cash at bank and in hand
11,963
48,541
Creditors: amounts falling due within one year
(31,098)
(52,595)
Net current liabilities
(13,696)
(1,288)
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
Philly Wilson Design Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 March 2024
11,205
3,815
481
15,501
At 31 March 2023
-
1,679
722
2,401
Amounts falling due within one year
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
Taxes and social security
691
1,518
Other creditors
1,814
16,506
Loans from directors
27,541
33,263
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).