IRIS Accounts Production v25.1.3.33 05334748 Board of Directors 1.2.24 31.1.25 31.1.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh053347482024-01-31053347482025-01-31053347482024-02-012025-01-31053347482023-01-31053347482023-02-012024-01-31053347482024-01-3105334748ns15:EnglandWales2024-02-012025-01-3105334748ns14:PoundSterling2024-02-012025-01-3105334748ns10:Director12024-02-012025-01-3105334748ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3105334748ns10:SmallEntities2024-02-012025-01-3105334748ns10:AuditExemptWithAccountantsReport2024-02-012025-01-3105334748ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3105334748ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3105334748ns10:FullAccounts2024-02-012025-01-3105334748ns10:Director22024-02-012025-01-3105334748ns10:RegisteredOffice2024-02-012025-01-3105334748ns5:CurrentFinancialInstruments2025-01-3105334748ns5:CurrentFinancialInstruments2024-01-3105334748ns5:Non-currentFinancialInstruments2025-01-3105334748ns5:Non-currentFinancialInstruments2024-01-3105334748ns5:ShareCapital2025-01-3105334748ns5:ShareCapital2024-01-3105334748ns5:RetainedEarningsAccumulatedLosses2025-01-3105334748ns5:RetainedEarningsAccumulatedLosses2024-01-3105334748ns5:MotorVehicles2024-02-012025-01-3105334748ns5:ComputerEquipment2024-02-012025-01-3105334748ns5:MotorVehicles2024-01-3105334748ns5:ComputerEquipment2024-01-3105334748ns5:MotorVehicles2025-01-3105334748ns5:ComputerEquipment2025-01-3105334748ns5:MotorVehicles2024-01-3105334748ns5:ComputerEquipment2024-01-3105334748ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-3105334748ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-02-012025-01-3105334748ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2025-01-3105334748ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-3105334748ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3105334748ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-31
REGISTERED NUMBER: 05334748 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 January 2025

for

Second Phase Construction Ltd

Second Phase Construction Ltd (Registered number: 05334748)






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




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Second Phase Construction Ltd

Company Information
for the Year Ended 31 January 2025







DIRECTORS: B Gilmore
Ms M Thumwood





REGISTERED OFFICE: South Building
Upper Farm
Wootton St Lawrence
BASINGSTOKE
Hampshire
RG23 8PE





REGISTERED NUMBER: 05334748 (England and Wales)





ACCOUNTANTS: Weller Mackrill
Chartered Certified Accountants
South Building
Upper Farm
Wootton St Lawrence
Basingstoke
Hampshire
RG23 8PE

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Second Phase Construction Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Second Phase Construction Ltd for the year ended 31 January 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Second Phase Construction Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Second Phase Construction Ltd and state those matters that we have agreed to state to the Board of Directors of Second Phase Construction Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Second Phase Construction Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Second Phase Construction Ltd. You consider that Second Phase Construction Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Second Phase Construction Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Weller Mackrill
Chartered Certified Accountants
South Building
Upper Farm
Wootton St Lawrence
Basingstoke
Hampshire
RG23 8PE


14 May 2025

Second Phase Construction Ltd (Registered number: 05334748)

Balance Sheet
31 January 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 12,910 24,377

CURRENT ASSETS
Debtors 5 - 22,824
Cash at bank 61,114 88,737
61,114 111,561
CREDITORS
Amounts falling due within one year 6 (26,287 ) (50,961 )
NET CURRENT ASSETS 34,827 60,600
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,737

84,977

CREDITORS
Amounts falling due after more than one
year

7

(23,422

)

(37,102

)
NET ASSETS 24,315 47,875

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 24,313 47,873
SHAREHOLDERS' FUNDS 24,315 47,875

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 directors acknowledge their 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.

Second Phase Construction Ltd (Registered number: 05334748)

Balance Sheet - continued
31 January 2025


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 Board of Directors and authorised for issue on 14 May 2025 and were signed on its behalf by:





B Gilmore - Director


Second Phase Construction Ltd (Registered number: 05334748)

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

1. STATUTORY INFORMATION

Second Phase Construction Ltd 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance and Straight line over 3 years
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Second Phase Construction Ltd (Registered number: 05334748)

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2024 42,700 2,779 45,479
Additions - 940 940
At 31 January 2025 42,700 3,719 46,419
DEPRECIATION
At 1 February 2024 18,323 2,779 21,102
Charge for year 12,094 313 12,407
At 31 January 2025 30,417 3,092 33,509
NET BOOK VALUE
At 31 January 2025 12,283 627 12,910
At 31 January 2024 24,377 - 24,377

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST
At 1 February 2024
and 31 January 2025 36,000
DEPRECIATION
At 1 February 2024 12,000
Charge for year 12,000
At 31 January 2025 24,000
NET BOOK VALUE
At 31 January 2025 12,000
At 31 January 2024 24,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors - 22,824

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 9,938 10,000
Finance leases 3,743 2,796
Trade creditors 2,992 6,103
Taxation and social security 7,689 30,033
Other creditors 1,925 2,029
26,287 50,961

Second Phase Construction Ltd (Registered number: 05334748)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 5,063 15,000
Finance leases 18,359 22,102
23,422 37,102

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Finance lease 22,102 24,898

Finance lease debt is secured against the assets they are financing.