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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
Page
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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
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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
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Pheby Ventures Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
45,484 
31,336 
Debtors
1,002,266 
(43,423)
Investments
2,500 
- 
Cash at bank and in hand
(565,500)
367,057 
484,750 
354,970 
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 
Capital and reserves
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
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Pheby Ventures Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
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.
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 
£ 
Cost or valuation
At cost 
At 1 July 2023
58,092 
At 30 June 2024
58,092 
Depreciation
At 1 July 2023
58,092 
At 30 June 2024
58,092 
Net book value
At 30 June 2024
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
2,974 
Trade debtors
1,002,266 
(46,397)
1,002,266 
(43,423)
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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 
£ 
£ 
VAT
823 
7,643 
Trade creditors
115,768 
569 
Taxes and social security
9,071 
16,038 
Other creditors
92 
419 
Loans from directors
553 
555 
126,307 
25,224 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
(172)
(172)
9
Average number of employees
During the year the average number of employees was 5 (2023: 4).
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