1 April 2022 false Taxfiler 2024.6 11869536business:PrivateLimitedCompanyLtd2022-04-012023-03-31 118695362022-03-31 118695362022-04-012023-03-31 11869536business:AuditExemptWithAccountantsReport2022-04-012023-03-31 11869536business:FilletedAccounts2022-04-012023-03-31 118695362023-03-31 11869536business:Director12022-04-012023-03-31 11869536business:RegisteredOffice2022-04-012023-03-31 118695362022-03-31 11869536core:WithinOneYear2023-03-31 11869536core:WithinOneYear2022-03-31 11869536core:AfterOneYear2023-03-31 11869536core:AfterOneYear2022-03-31 11869536core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 11869536core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 11869536core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 11869536core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 11869536core:PreviouslyStatedAmount2023-03-31 11869536core:PreviouslyStatedAmount2022-03-31 11869536business:SmallEntities2022-04-012023-03-31 11869536countries:EnglandWales2022-04-012023-03-31 11869536core:PlantMachinery2022-04-012023-03-31 11869536core:PlantMachinery2022-03-31 11869536core:PlantMachinery2023-03-31 118695362021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 11869536 (England and Wales)
PHIL MARCHANT LTD Filleted Accounts for the year ended 31 March 2023
PHIL MARCHANT LTD Filleted Accounts Contents
Page
- 2 -
PHIL MARCHANT LTD Company Information for the year ended 31 March 2023
Director
Philip Marchant
Company Number
11869536 (England and Wales)
Registered Office
45 St. Martins Lane Beckenham Kent BR3 3XU United Kingdom
Accountants
SSJ Accountants Ltd 173A High Street Beckenham Kent BR3 1AH
- 3 -
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of PHIL MARCHANT LTD for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PHIL MARCHANT LTD for the year ended 31 March 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of PHIL MARCHANT LTD, as a body, in accordance with the terms of our engagement letter dated 6 March 2019. Our work has been undertaken solely to prepare for your approval the accounts of PHIL MARCHANT LTD and state those matters that we have agreed to state to the Board of Directors of PHIL MARCHANT LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PHIL MARCHANT LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PHIL MARCHANT LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PHIL MARCHANT LTD. You consider that PHIL MARCHANT LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of PHIL MARCHANT LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
SSJ Accountants Ltd Chartered Accountants 173A High Street Beckenham Kent BR3 1AH 13 February 2025
- 4 -
PHIL MARCHANT LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
349 
466 
Current assets
Debtors
27,934 
18,256 
Cash at bank and in hand
6 
28 
27,940 
18,284 
Creditors: amounts falling due within one year
554 
(7,577)
Net current assets
28,494 
10,707 
Total assets less current liabilities
28,843 
11,173 
Creditors: amounts falling due after more than one year
(9,215)
(9,212)
Net assets
19,628 
1,961 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
19,618 
1,951 
Shareholders' funds
19,628 
1,961 
For the year ending 31 March 2023 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 his 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 13 February 2025 and were signed on its behalf by
Philip Marchant Director Company Registration No. 11869536
- 5 -
PHIL MARCHANT LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
PHIL MARCHANT LTD is a private company, limited by shares, registered in England and Wales, registration number 11869536. The registered office is 45 St. Martins Lane, Beckenham, Kent, BR3 3XU, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
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:
Plant & machinery
25% S.L
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
1,246 
At 31 March 2023
1,246 
Depreciation
At 1 April 2022
780 
Charge for the year
117 
At 31 March 2023
897 
Net book value
At 31 March 2023
349 
At 31 March 2022
466 
- 6 -
PHIL MARCHANT LTD Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,874 
Other debtors
27,934 
15,382 
27,934 
18,256 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
282 
282 
Taxes and social security
64,685 
35,627 
Loans from directors
(84,521)
(47,332)
Deferred income
19,000 
19,000 
(554)
7,577 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
9,215 
9,215 
Other creditors
- 
(3)
9,215 
9,212 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 7 -