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Registration number: 15396937

Phistone Sourcing Ltd

Unaudited Filleted Financial Statements

for the Period from 8 January 2024 to 31 December 2024

 

Phistone Sourcing Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Phistone Sourcing Ltd

Company Information

Director

Mr Fabricio Rene Curvetto

Registered office

1 Market Hill
Calne
Wiltshire
SN11 0BT

Accountants

RiverView Portfolio Limited 1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Phistone Sourcing Ltd

(Registration number: 15396937)
Balance Sheet as at 31 December 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

1,402

Current assets

 

Debtors

5

92

Cash at bank and in hand

 

32

 

124

Creditors: Amounts falling due within one year

6

(8,327)

Net current liabilities

 

(8,203)

Total assets less current liabilities

 

(6,801)

Creditors: Amounts falling due after more than one year

6

(27,584)

Net liabilities

 

(34,385)

Capital and reserves

 

Called up share capital

500

Retained earnings

(34,885)

Shareholders' deficit

 

(34,385)

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 June 2025
 

.........................................
Mr Fabricio Rene Curvetto
Director

 

Phistone Sourcing Ltd

Notes to the Unaudited Financial Statements for the Period from 8 January 2024 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Market Hill
Calne
Wiltshire
SN11 0BT
England

These financial statements were authorised for issue by the director on 26 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Phistone Sourcing Ltd

Notes to the Unaudited Financial Statements for the Period from 8 January 2024 to 31 December 2024 (continued)

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0.

 

Phistone Sourcing Ltd

Notes to the Unaudited Financial Statements for the Period from 8 January 2024 to 31 December 2024 (continued)

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

1,870

1,870

At 31 December 2024

1,870

1,870

Depreciation

Charge for the period

468

468

At 31 December 2024

468

468

Carrying amount

At 31 December 2024

1,402

1,402

5

Debtors

Current

2024
£

Prepayments

92

 

92

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

1,176

Accruals and deferred income

1,160

Other creditors

5,991

8,327

Creditors: amounts falling due after more than one year

 

Phistone Sourcing Ltd

Notes to the Unaudited Financial Statements for the Period from 8 January 2024 to 31 December 2024 (continued)

6

Creditors (continued)

Note

2024
£

Due after one year

 

Loans and borrowings

7

27,084

Other non-current financial liabilities

 

500

 

27,584

7

Loans and borrowings

Non-current loans and borrowings

2024
£

Other borrowings

27,084