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
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
Phillips Heating & Stoves Limited
Statement of financial position
as at 31 March 2025
Tangible assets
259,568
219,721
Inventories
222,250
220,250
Cash at bank and in hand
68,796
55,975
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
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
Phillips Heating & Stoves Limited
Notes to the Accounts
for the period from 1 August 2024 to 31 March 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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
At 31 March 2025
202,314
56,746
508
-
259,568
At 31 July 2024
202,314
16,772
635
-
219,721
Phillips Heating & Stoves Limited
Notes to the Accounts
for the period from 1 August 2024 to 31 March 2025
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
125,885
134,619
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
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).