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REGISTERED NUMBER: 12430083 (England and Wales)




















Unaudited Financial Statements

FOR THE YEAR ENDED

31 January 2025

for

PHILIP MORRISON KITCHENS LTD

PHILIP MORRISON KITCHENS LTD (REGISTERED NUMBER: 12430083)

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


PHILIP MORRISON KITCHENS LTD

Company Information
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: L Brenig
J M Fisher





REGISTERED OFFICE: Dominion House Suite 214
665 North Circular Road
London
NW2 7AX





REGISTERED NUMBER: 12430083 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

PHILIP MORRISON KITCHENS LTD (REGISTERED NUMBER: 12430083)

Balance Sheet
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,027 10,700

CURRENT ASSETS
Debtors 5 627,534 396,117
Cash at bank 38,243 10,116
665,777 406,233
CREDITORS
Amounts falling due within one year 6 380,984 358,784
NET CURRENT ASSETS 284,793 47,449
TOTAL ASSETS LESS CURRENT
LIABILITIES

292,820

58,149

CREDITORS
Amounts falling due after more than one
year

7

33,548

41,542
NET ASSETS 259,272 16,607

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 259,172 16,507
259,272 16,607

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2025 and were signed on its behalf by:





J M Fisher - Director


PHILIP MORRISON KITCHENS LTD (REGISTERED NUMBER: 12430083)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2025


1. STATUTORY INFORMATION

Philip Morrison Kitchens 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 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 etc - 33% on cost and 25% on reducing balance

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost unless they are classified as receivable within one year in which case they are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment.

Financial liabilities that are classified as payable within one year are subsequently measured at the undiscounted amount of the cash or other consideration expected to be paid.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

PHILIP MORRISON KITCHENS LTD (REGISTERED NUMBER: 12430083)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2025


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024
and 31 January 2025 19,540
DEPRECIATION
At 1 February 2024 8,840
Charge for year 2,673
At 31 January 2025 11,513
NET BOOK VALUE
At 31 January 2025 8,027
At 31 January 2024 10,700

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 620,935 391,895
Other debtors 6,599 4,222
627,534 396,117

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts 3,530 3,530
Trade creditors 32,955 121,555
Taxation and social security 149,073 12,130
Other creditors 189,426 215,569
380,984 358,784

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 27,842 32,306
Hire purchase contracts 5,706 9,236
33,548 41,542