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REGISTERED NUMBER: 07308209 (England and Wales)












REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

PHILIPS & CO LIMITED

PHILIPS & CO LIMITED (REGISTERED NUMBER: 07308209)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025




Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 4


PHILIPS & CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2025







DIRECTOR: I C Philips





REGISTERED OFFICE: 83 Richmond Park Road
London
SW14 8JY





REGISTERED NUMBER: 07308209 (England and Wales)





ACCOUNTANTS: Cook & Partners Limited
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

PHILIPS & CO LIMITED (REGISTERED NUMBER: 07308209)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31ST JANUARY 2025

The director presents his report with the financial statements of the company for the year ended 31st January 2025.

DIRECTOR
I C Philips held office during the whole of the period from 1st February 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





I C Philips - Director


8th April 2025

PHILIPS & CO LIMITED (REGISTERED NUMBER: 07308209)

BALANCE SHEET
31ST JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - 280

CURRENT ASSETS
Debtors 5 101,820 101,820
Cash at bank 1,974 2,668
103,794 104,488
CREDITORS
Amounts falling due within one year 6 2,455 3,149
NET CURRENT ASSETS 101,339 101,339
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,339

101,619

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 101,338 101,618
SHAREHOLDERS' FUNDS 101,339 101,619

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8th April 2025 and were signed by:





I C Philips - Director


PHILIPS & CO LIMITED (REGISTERED NUMBER: 07308209)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025

1. STATUTORY INFORMATION

Philips & Co 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.

2. ACCOUNTING POLICIES

Accounting convention
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.

Revenue
Revenue - Described as turnover - is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.

Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services once completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2024
and 31st January 2025 1,400
DEPRECIATION
At 1st February 2024 1,120
Charge for year 280
At 31st January 2025 1,400
NET BOOK VALUE
At 31st January 2025 -
At 31st January 2024 280

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 99,896 99,896
Tax 1,924 1,924
101,820 101,820

PHILIPS & CO LIMITED (REGISTERED NUMBER: 07308209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Directors' current accounts 1,453 1,453
Accrued expenses 1,002 1,696
2,455 3,149