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REGISTERED NUMBER: 13374415 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Phan Technology Ltd

Phan Technology Ltd (Registered number: 13374415)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Phan Technology Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: T Phan





REGISTERED OFFICE: The Coach House
1 Howard Road
Reigate
Surrey
RH2 7JE





REGISTERED NUMBER: 13374415 (England and Wales)





ACCOUNTANTS: ACL & Co
Chartered Certified Accountants
The Coach House
1 Howard Road
Reigate
RH2 7JE

Phan Technology Ltd (Registered number: 13374415)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 695 927

CURRENT ASSETS
Cash at bank 135,043 103,990

CREDITORS
Amounts falling due within one year 5 26,962 27,266
NET CURRENT ASSETS 108,081 76,724
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,776

77,651

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 108,676 77,551
108,776 77,651

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Phan Technology Ltd (Registered number: 13374415)

Balance Sheet - continued
31 May 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 24 January 2025 and were signed by:





T Phan - Director


Phan Technology Ltd (Registered number: 13374415)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Phan Technology 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 1,446
DEPRECIATION
At 1 June 2023 519
Charge for year 232
At 31 May 2024 751
NET BOOK VALUE
At 31 May 2024 695
At 31 May 2023 927

Phan Technology Ltd (Registered number: 13374415)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Tax 20,531 18,799
Social security and other taxes 87 -
VAT 4,723 5,875
Directors' current accounts 821 1,792
Accrued expenses 800 800
26,962 27,266