Company Registration No. 10247242 (England and Wales)
Pheby Ventures Ltd
Unaudited accounts
for the year ended 30 June 2024
Pheby Ventures Ltd
Unaudited accounts
Contents
Pheby Ventures Ltd
Company Information
for the year ended 30 June 2024
Directors
Olumuyiwa Salami
Uchechi Salami
Company Number
10247242 (England and Wales)
Registered Office
Character Mailing Service, Heysham Road
Liverpool
L70 1JL
Accountants
Bache Samuels
Unit S19
Wood Lane
Erdington
Birmingham
B24 9QR
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Pheby Ventures Ltd
for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pheby Ventures Ltd for the year ended 30 June 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Bache Samuels
Member in Practice
Unit S19
Wood Lane
Erdington
Birmingham
B24 9QR
9 April 2025
Pheby Ventures Ltd
Statement of financial position
as at 30 June 2024
Debtors
1,002,266
(43,423)
Cash at bank and in hand
(565,500)
367,057
Creditors: amounts falling due within one year
(126,307)
(25,224)
Net current assets
358,443
329,746
Total assets less current liabilities
358,443
329,746
Creditors: amounts falling due after more than one year
172
172
Net assets
358,615
329,918
Called up share capital
100
100
Capital contribution reserve
(629)
-
Profit and loss account
359,144
329,818
Shareholders' funds
358,615
329,918
For the year ending 30 June 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 9 April 2024 and were signed on its behalf by
Olumuyiwa Salami
Director
Company Registration No. 10247242
Pheby Ventures Ltd
Notes to the Accounts
for the year ended 30 June 2024
Pheby Ventures Ltd is a private company, limited by shares, registered in England and Wales, registration number 10247242. The registered office is Character Mailing Service, Heysham Road , Liverpool, L70 1JL.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Motor vehicles
100% First Year Depreciation for Electric Vehicle.
4
Tangible fixed assets
Motor vehicles
Amounts falling due within one year
Trade debtors
1,002,266
(46,397)
Pheby Ventures Ltd
Notes to the Accounts
for the year ended 30 June 2024
6
Investments held as current assets
2024
2023
Listed investments
2,500
-
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
115,768
569
Taxes and social security
9,071
16,038
Loans from directors
553
555
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 5 (2023: 4).