Company registration number 08316424 (England and Wales)
PHILL SMITH CREATIVE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
PHILL SMITH CREATIVE LTD
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 1 -
2024
2023
£
£
£
£
Fixed assets
5,330
6,270
Current assets
59,768
53,472
Creditors: amounts falling due within one year
(33,961)
(27,873)
Net current assets
25,807
25,599
Total assets less current liabilities
31,137
31,869
Creditors: amounts falling due after more than one year
(30,540)
(31,399)
Net assets
597
470
Capital and reserves
597
470
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
2024
2023
£
£
P Smith
Balance outstanding at start of year
14,829
19,242
Amounts advanced
46,184
40,186
Amounts repaid
(46,119)
(44,599)
Amounts written off
-
-
Amounts waived
-
-
Balance at end of year
14,894
14,829
Interest was charged at 2.25% on the overdrawn directors loan account.
2
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2024
2023
Number
Number
Employees
2
2

Phill Smith Creative Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 14 Douglass Drive, Market Harborough, Leicestershire, LE16 7EQ.

PHILL SMITH CREATIVE LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2024
31 May 2024
- 2 -

For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 24 February 2025
Mr P P Smith
Director
Company Registration Number 08316424
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