PHIL STOREY LIMITED Filleted Accounts Cover
PHIL STOREY LIMITED
Company No. 15138810
Information for Filing with The Registrar
30 September 2024
PHIL STOREY LIMITED Balance Sheet Registrar
at
30 September 2024
Company No.
15138810
Notes
2024
£
Fixed assets
Tangible assets
4
782
782
Current assets
Debtors
5
5,517
Cash at bank and in hand
5,822
11,339
Creditors: Amount falling due within one year
6
(12,071)
Net current liabilities
(732)
Total assets less current liabilities
50
Net assets
50
Capital and reserves
Called up share capital
1
Profit and loss account
7
49
Total equity
50
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 30 September 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 21 May 2025 and signed on its behalf by:
P. Storey
Director
21 May 2025
PHIL STOREY LIMITED Notes to the Accounts Registrar
for the period ended 30 September 2024
1
General information
PHIL STOREY LIMITED is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 15138810
Its registered office is:
1 The Mews
Little Brunswick Street
Huddersfield
HD1 5JL
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
20% straight line
Taxation
Income tax expense represents the sum of the tax currently payable.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
3
Employees
2024
Number
The average monthly number of employees (including directors) during the period:
1
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
Additions
977977
At 30 September 2024
977977
Depreciation
Charge for the year
195195
At 30 September 2024
195195
Net book values
At 30 September 2024
782782
5
Debtors
2024
£
Trade debtors
2,217
Other debtors
3,300
5,517
6
Creditors:
amounts falling due within one year
2024
£
Taxes and social security
11,076
Accruals and deferred income
995
12,071
7
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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