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Company Registration No. 10179292 (England and Wales)
A&G PHILLIPS CONSULTANCY LIMITED Unaudited accounts for the year ended 30 May 2024
A&G PHILLIPS CONSULTANCY LIMITED Unaudited accounts Contents
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A&G PHILLIPS CONSULTANCY LIMITED Company Information for the year ended 30 May 2024
Directors
Alistair Robert Phillips Gillian Lindsay Ansell
Company Number
10179292 (England and Wales)
Registered Office
Kingfisher House Rownhams Lane North Baddesley Southampton SO52 9LP United Kingdom
Accountants
TBT Accountancy Ltd Kingfisher House Rownhams Lane North Baddesley Southampton Hampshire SO52 9LP
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A&G PHILLIPS CONSULTANCY LIMITED Statement of financial position as at 30 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,514 
15,365 
Current assets
Debtors
1,337 
12,971 
Cash at bank and in hand
47,378 
18,756 
48,715 
31,727 
Creditors: amounts falling due within one year
(31,286)
(7,214)
Net current assets
17,429 
24,513 
Total assets less current liabilities
29,943 
39,878 
Provisions for liabilities
Deferred tax
(2,123)
(2,919)
Net assets
27,820 
36,959 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
27,720 
36,859 
Shareholders' funds
27,820 
36,959 
For the year ending 30 May 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 24 February 2025 and were signed on its behalf by
Alistair Robert Phillips Director Company Registration No. 10179292
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A&G PHILLIPS CONSULTANCY LIMITED Notes to the Accounts for the year ended 30 May 2024
1
Statutory information
A&G PHILLIPS CONSULTANCY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10179292. The registered office is Kingfisher House, Rownhams Lane, North Baddesley, Southampton, SO52 9LP, 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 recognised at the fair value of the consideration received or receivable for services provided in the normal course of business. The company is not registered for VAT. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
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% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% straight line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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A&G PHILLIPS CONSULTANCY LIMITED Notes to the Accounts for the year ended 30 May 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 31 May 2023
5,868 
18,000 
9,785 
33,653 
Additions
- 
- 
1,338 
1,338 
At 30 May 2024
5,868 
18,000 
11,123 
34,991 
Depreciation
At 31 May 2023
1,467 
12,305 
4,516 
18,288 
Charge for the year
1,100 
1,424 
1,665 
4,189 
At 30 May 2024
2,567 
13,729 
6,181 
22,477 
Net book value
At 30 May 2024
3,301 
4,271 
4,942 
12,514 
At 30 May 2023
4,401 
5,695 
5,269 
15,365 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
12,391 
Accrued income and prepayments
- 
580 
Other debtors
1,337 
- 
1,337 
12,971 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
6,463 
5,639 
Loans from directors
- 
75 
Accruals
24,823 
1,500 
31,286 
7,214 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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