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Company Registration No. 13898408 (England and Wales)
PHONES PLANET LTD Financial Statements for the year ended 29 February 2024
PHONES PLANET LTD Financial Statements Contents
Page
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PHONES PLANET LTD Company Information for the year ended 29 February 2024
Directors
MR WASEEM FEROZE MS KALSOOM FEROZE
Company Number
13898408 (England and Wales)
Registered Office
23A CHURCH ROAD BISHOPS CLEEVE CHELTENHAM GL52 8LR UNITED KINGDOM
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PHONES PLANET LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,850 
3,800 
Current assets
Inventories
3,550 
7,105 
Cash at bank and in hand
6,444 
3,127 
9,994 
10,232 
Creditors: amounts falling due within one year
(2,126)
(1,198)
Net current assets
7,868 
9,034 
Total assets less current liabilities
10,718 
12,834 
Creditors: amounts falling due after more than one year
(2,695)
(8,673)
Net assets
8,023 
4,161 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
8,021 
4,159 
Shareholders' funds
8,023 
4,161 
For the year ending 29 February 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 directors acknowledge their 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 of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by
MR WASEEM FEROZE Director Company Registration No. 13898408
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PHONES PLANET LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
PHONES PLANET LTD is a private company, limited by shares, registered in England and Wales, registration number 13898408. The registered office is 23A CHURCH ROAD, BISHOPS CLEEVE, CHELTENHAM, GL52 8LR, UNITED KINGDOM.
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:
Fixtures & fittings
20%
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2023
4,750 
At 29 February 2024
4,750 
Depreciation
At 1 March 2023
950 
Charge for the year
950 
At 29 February 2024
1,900 
Net book value
At 29 February 2024
2,850 
At 28 February 2023
3,800 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
2,126 
1,198 
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PHONES PLANET LTD Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
2,695 
8,673 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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