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REGISTERED NUMBER: 11263223 (England and Wales)


Financial Statements for the Year Ended 30 April 2024

for

Phage Retail Ltd.

Phage Retail Ltd. (Registered number: 11263223)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Phage Retail Ltd.

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr Tandeep Singh





REGISTERED OFFICE: 1-5 Main Street
Garforth
Leeds
LS25 1DU





REGISTERED NUMBER: 11263223 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Phage Retail Ltd. (Registered number: 11263223)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 79,507 79,507
Property, plant and equipment 5 12,130 16,173
91,637 95,680

CURRENT ASSETS
Inventories 27,841 28,352
Debtors 6 4,500 -
Cash at bank and in hand 15,587 12,283
47,928 40,635
CREDITORS
Amounts falling due within one year 7 243,482 207,704
NET CURRENT LIABILITIES (195,554 ) (167,069 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(103,917

)

(71,389

)

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (103,919 ) (71,391 )
SHAREHOLDERS' FUNDS (103,917 ) (71,389 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Phage Retail Ltd. (Registered number: 11263223)

Statement of Financial Position - continued
30 April 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 director and authorised for issue on 3 January 2025 and were signed by:





Mr Tandeep Singh - Director


Phage Retail Ltd. (Registered number: 11263223)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Phage Retail Ltd. 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 represents net sales of invoiced goods and services excluding Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 79,507
NET BOOK VALUE
At 30 April 2024 79,507
At 30 April 2023 79,507

Phage Retail Ltd. (Registered number: 11263223)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 1 30,000 30,001
DEPRECIATION
At 1 May 2023 - 13,828 13,828
Charge for year - 4,043 4,043
At 30 April 2024 - 17,871 17,871
NET BOOK VALUE
At 30 April 2024 1 12,129 12,130
At 30 April 2023 1 16,172 16,173

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 4,500 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 26,429 19,407
Taxation and social security 2,552 2,624
Other creditors 214,501 185,673
243,482 207,704

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
2 Share capital 1 £1 2 2