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REGISTERED NUMBER: 09909591 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

PHIL ANSLOW LIMITED

PHIL ANSLOW LIMITED (REGISTERED NUMBER: 09909591)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


PHIL ANSLOW LIMITED (REGISTERED NUMBER: 09909591)

BALANCE SHEET
31 AUGUST 2024

31/8/24 31/8/23
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 166,400 -

CURRENT ASSETS
Debtors 5 - 96,500
Cash at bank and in hand 1,592,589 1,044,105
1,592,589 1,140,605
CREDITORS
Amounts falling due within one year 6 605,209 273,431
NET CURRENT ASSETS 987,380 867,174
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,153,780

867,174

CREDITORS
Amounts falling due after more than one year 7 900,000 700,000
NET ASSETS 253,780 167,174

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 253,770 167,164
SHAREHOLDERS' FUNDS 253,780 167,174

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 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.

PHIL ANSLOW LIMITED (REGISTERED NUMBER: 09909591)

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 director and authorised for issue on 10 February 2025 and were signed by:





Mr P Anslow - Director


PHIL ANSLOW LIMITED (REGISTERED NUMBER: 09909591)

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

1. STATUTORY INFORMATION

PHIL ANSLOW LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09909591

Registered office: 14 Gelliwastad Road
Pontypridd
RCT
CF37 2BW

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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

PHIL ANSLOW LIMITED (REGISTERED NUMBER: 09909591)

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

4. PROPERTY, PLANT AND EQUIPMENT
Land and
buildings
£   
COST
Additions 166,400
At 31 August 2024 166,400
NET BOOK VALUE
At 31 August 2024 166,400

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Other debtors - 96,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Amounts owed to group undertakings 570,735 255,946
Taxation and social security 28,686 11,769
Other creditors 5,788 5,716
605,209 273,431

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/8/24 31/8/23
£    £   
Other creditors 900,000 700,000

8. ULTIMATE CONTROLLING PARTY

Varteg Motors Limited is the ultimate controlling party by virtue of their ownership of 100% shares in Phil Anslow Limited.