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REGISTERED NUMBER: 05523826 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

PHIL-A-CUP LIMITED

PHIL-A-CUP LIMITED (REGISTERED NUMBER: 05523826)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHIL-A-CUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: P R McArdle
Mrs J S Mordecai
Mrs J Parry
M N Wintle





REGISTERED OFFICE: 7 David Street
Bridgend Industrial Estate
Bridgend
CF31 3SA





REGISTERED NUMBER: 05523826 (England and Wales)





ACCOUNTANTS: Graham Paul Limited
Court House
Court Road
Bridgend
CF31 1BE

PHIL-A-CUP LIMITED (REGISTERED NUMBER: 05523826)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 80,825 34,055
80,825 34,055

CURRENT ASSETS
Stocks 158,634 204,691
Debtors 6 243,291 148,754
Cash at bank and in hand 122,813 216,151
524,738 569,596
CREDITORS
Amounts falling due within one year 7 117,224 203,373
NET CURRENT ASSETS 407,514 366,223
TOTAL ASSETS LESS CURRENT
LIABILITIES

488,339

400,278

PROVISIONS FOR LIABILITIES 14,658 5,629
NET ASSETS 473,681 394,649

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 473,581 394,549
SHAREHOLDERS' FUNDS 473,681 394,649

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PHIL-A-CUP LIMITED (REGISTERED NUMBER: 05523826)

BALANCE SHEET - continued
31 AUGUST 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 Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





P R McArdle - Director


PHIL-A-CUP LIMITED (REGISTERED NUMBER: 05523826)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Phil-A-Cup Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price, plus any costs directly attributable to bringing the asset to its working condition for intended use.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc- 20% reducing balance and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


PHIL-A-CUP LIMITED (REGISTERED NUMBER: 05523826)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 12 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 12,000
AMORTISATION
At 1 September 2023
and 31 August 2024 12,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

PHIL-A-CUP LIMITED (REGISTERED NUMBER: 05523826)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 100,317
Additions 69,136
Disposals (11,615 )
At 31 August 2024 157,838
DEPRECIATION
At 1 September 2023 66,262
Charge for year 19,611
Eliminated on disposal (8,860 )
At 31 August 2024 77,013
NET BOOK VALUE
At 31 August 2024 80,825
At 31 August 2023 34,055

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 235,633 143,528
Other debtors 7,658 5,226
243,291 148,754

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 42,165 107,406
Taxation and social security 55,943 61,561
Other creditors 19,116 34,406
117,224 203,373

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

PHIL-A-CUP LIMITED (REGISTERED NUMBER: 05523826)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Mrs J S Mordecai
Balance outstanding at start of year 140 325
Amounts advanced - 140
Amounts repaid (140 ) (325 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 140

Mrs J Parry
Balance outstanding at start of year - 786
Amounts repaid - (786 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

10. RELATED PARTY DISCLOSURES

At the balance sheet date £1,775 (2023 - £26,803) was owed to the directors and these loans are interest free.