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REGISTERED NUMBER: 04753119


















HUW PHILLIPS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024





Llewelyn Davies
Chartered Accountants
Yelverton House
St John Street
Whitland
Carmarthenshire
SA34 0AW








HUW PHILLIPS LIMITED (REGISTERED NUMBER: 04753119)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HUW PHILLIPS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Mr D H Phillips





SECRETARY: Mr D H Phillips





REGISTERED OFFICE: Maes Y Dderwen
Penygroes
Crymych
Pembrokeshire
SA41 3RX





REGISTERED NUMBER: 04753119





ACCOUNTANTS: Llewelyn Davies
Chartered Accountants
Yelverton House
St John Street
Whitland
Carmarthenshire
SA34 0AW
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HUW PHILLIPS LIMITED (REGISTERED NUMBER: 04753119)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 73,855 64,945
73,855 64,945

CURRENT ASSETS
Stocks 700 700
Debtors 66,108 64,424
66,808 65,124
CREDITORS
Amounts falling due within one year 79,259 71,772
NET CURRENT LIABILITIES (12,451 ) (6,648 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
61,404
58,297

CREDITORS
Amounts falling due after more than one
year
39,549
40,215
NET ASSETS 21,855 18,082

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 21,755 17,982
SHAREHOLDERS' FUNDS 21,855 18,082

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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 notes form part of these financial statements

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HUW PHILLIPS LIMITED (REGISTERED NUMBER: 04753119)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2025 and were signed by:





Mr D H Phillips - Director


The notes form part of these financial statements

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HUW PHILLIPS LIMITED (REGISTERED NUMBER: 04753119)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Huw Phillips Limited is a private company, limited by shares , registered in Not specified/Other. 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.

The accounts have been prepared on the going concern basis as in the director's opinion the company has sufficient funds and future income to continue in the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

-4-
HUW PHILLIPS LIMITED (REGISTERED NUMBER: 04753119)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023
and 30 September 2024 30,000
AMORTISATION
At 1 October 2023
and 30 September 2024 30,000
NET BOOK VALUE

At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 154,133
Additions 50,600
Disposals (33,500 )
At 30 September 2024 171,233
DEPRECIATION
At 1 October 2023 89,188
Charge for year 11,540
Eliminated on disposal (3,350 )
At 30 September 2024 97,378
NET BOOK VALUE
At 30 September 2024 73,855
At 30 September 2023 64,945

-5-
HUW PHILLIPS LIMITED (REGISTERED NUMBER: 04753119)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Totals
£   
COST
At 1 October 2023
and 30 September 2024 80,558
DEPRECIATION
At 1 October 2023 16,439
Charge for year 2,485
At 30 September 2024 18,924
NET BOOK VALUE
At 30 September 2024 61,634
At 30 September 2023 64,119

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 12,797 13,665
Hire purchase contracts and finance leases 29,998 24,283
42,795 37,948

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr D H Phillips
Balance outstanding at start of year 44,834 47,317
Amounts repaid - (2,483 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 44,834

8. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr D H Phillips by virtue of his shareholding.

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