1 August 2024 false No description of principal activity Taxfiler 2024.6 NI603839business:PrivateLimitedCompanyLtd2024-08-012025-03-31 NI6038392024-07-31 NI6038392024-08-012025-03-31 NI603839business:AuditExemptWithAccountantsReport2024-08-012025-03-31 NI603839business:FilletedAccounts2024-08-012025-03-31 NI6038392025-03-31 NI603839business:Director12024-08-012025-03-31 NI603839business:CompanySecretary12024-08-012025-03-31 NI603839business:RegisteredOffice2024-08-012025-03-31 NI6038392024-07-31 NI603839core:WithinOneYear2025-03-31 NI603839core:WithinOneYear2024-07-31 NI603839core:ShareCapitalcore:PreviouslyStatedAmount2025-03-31 NI603839core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 NI603839core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-31 NI603839core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 NI603839core:PreviouslyStatedAmount2025-03-31 NI603839core:PreviouslyStatedAmount2024-07-31 NI603839business:SmallEntities2024-08-012025-03-31 NI603839countries:NorthernIreland2024-08-012025-03-31 NI603839core:PlantMachinery2024-08-012025-03-31 NI603839core:MotorVehicles2024-08-012025-03-31 NI603839core:FurnitureFittings2024-08-012025-03-31 NI603839core:LandBuildings2024-07-31 NI603839core:PlantMachinery2024-07-31 NI603839core:MotorVehicles2024-07-31 NI603839core:FurnitureFittings2024-07-31 NI603839core:LandBuildings2024-08-012025-03-31 NI603839core:LandBuildings2025-03-31 NI603839core:PlantMachinery2025-03-31 NI603839core:MotorVehicles2025-03-31 NI603839core:FurnitureFittings2025-03-31 NI603839business:OrdinaryShareClass12024-08-012025-03-31 NI603839business:OrdinaryShareClass12023-08-012024-07-31 NI6038392023-08-012024-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. NI603839 (Northern Ireland)
Phillips Heating & Stoves Limited Unaudited accounts for the period from 1 August 2024 to 31 March 2025
Phillips Heating & Stoves Limited Unaudited accounts Contents
Page
- 2 -
Phillips Heating & Stoves Limited Company Information for the period from 1 August 2024 to 31 March 2025
Director
Maurice Robert Phillips
Secretary
Mr Maurice Phillips
Company Number
NI603839 (Northern Ireland)
Registered Office
140 Ballymena Road Cullybackey Ballymena Co Antrim BT43 5QS Northern Ireland
Accountants
TAG Accountants (N.I.) Ltd 81a Galgorm Road Ballymena Co Antrim BT42 1AA
- 3 -
Phillips Heating & Stoves Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
259,568 
219,721 
Current assets
Inventories
222,250 
220,250 
Debtors
545 
545 
Cash at bank and in hand
68,796 
55,975 
291,591 
276,770 
Creditors: amounts falling due within one year
(290,636)
(269,981)
Net current assets
955 
6,789 
Total assets less current liabilities
260,523 
226,510 
Provisions for liabilities
Deferred tax
(10,879)
(3,308)
Net assets
249,644 
223,202 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
249,642 
223,200 
Shareholders' funds
249,644 
223,202 
For the period ending 31 March 2025 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 director acknowledges his 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 and authorised for issue on 15 May 2025 and were signed on its behalf by
Maurice Robert Phillips Director Company Registration No. NI603839
- 4 -
Phillips Heating & Stoves Limited Notes to the Accounts for the period from 1 August 2024 to 31 March 2025
1
Statutory information
Phillips Heating & Stoves Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI603839. The registered office is 140 Ballymena Road, Cullybackey, Ballymena, Co Antrim, BT43 5QS, Northern Ireland.
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 period, 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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2024
202,314 
59,829 
14,871 
1,456 
278,470 
Additions
- 
54,161 
- 
- 
54,161 
At 31 March 2025
202,314 
113,990 
14,871 
1,456 
332,631 
Depreciation
At 1 August 2024
- 
43,057 
14,236 
1,456 
58,749 
Charge for the period
- 
14,187 
127 
- 
14,314 
At 31 March 2025
- 
57,244 
14,363 
1,456 
73,063 
Net book value
At 31 March 2025
202,314 
56,746 
508 
- 
259,568 
At 31 July 2024
202,314 
16,772 
635 
- 
219,721 
- 5 -
Phillips Heating & Stoves Limited Notes to the Accounts for the period from 1 August 2024 to 31 March 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Other debtors
545 
545 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
125,885 
134,619 
VAT
6,757 
28,641 
Obligations under finance leases and hire purchase contracts
57,351 
6,864 
Trade creditors
23,774 
17,665 
Taxes and social security
9,001 
14,324 
Loans from directors
65,368 
65,368 
Accruals
2,500 
2,500 
290,636 
269,981 
7
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Average number of employees
During the period the average number of employees was 8 (2024: 8).
- 6 -