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REGISTERED NUMBER: 13831552 (England and Wales)


















Phase & Create Limited

Unaudited Financial Statements

for the Year Ended 31 January 2025






Phase & Create Limited (Registered number: 13831552)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Phase & Create Limited

Company Information
for the Year Ended 31 January 2025







DIRECTOR: Mr S J Green





REGISTERED OFFICE: Delta 606 Delta Office Park
Welton Road
Swindon
United Kingdom
SN5 7XF





REGISTERED NUMBER: 13831552 (England and Wales)





ACCOUNTANTS: AMS Accountancy Limited
Delta 606
Welton Road
Delta Office Park
Swindon
Wiltshire
SN5 7XF

Phase & Create Limited (Registered number: 13831552)

Balance Sheet
31 January 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,449 3,132

CURRENT ASSETS
Debtors 5 700 40,736
Cash at bank 169,350 117,936
170,050 158,672
CREDITORS
Amounts falling due within one year 6 (75,203 ) (69,169 )
NET CURRENT ASSETS 94,847 89,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,296

92,635

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 96,196 92,535
SHAREHOLDERS' FUNDS 96,296 92,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 1 June 2025 and were signed by:





Mr S J Green - Director


Phase & Create Limited (Registered number: 13831552)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Phase & Create 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

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
Turnover 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.
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

Phase & Create Limited (Registered number: 13831552)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 February 2024 999 3,590 4,589
Additions - 446 446
Disposals (999 ) - (999 )
At 31 January 2025 - 4,036 4,036
DEPRECIATION
At 1 February 2024 200 1,257 1,457
Charge for year - 1,330 1,330
Eliminated on disposal (200 ) - (200 )
At 31 January 2025 - 2,587 2,587
NET BOOK VALUE
At 31 January 2025 - 1,449 1,449
At 31 January 2024 799 2,333 3,132

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors - 37,156
Other debtors 700 3,580
700 40,736

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 189 158
Taxation and social security 75,014 68,985
Other creditors - 26
75,203 69,169

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100