Phone Workshop London Ltd

Phone Workshop London Ltd
Contents Page
For the year ended 31 January 2025

Statement of financial position	1
Notes to the financial statements	2

Phone Workshop London Ltd
Statement of Financial Position
As at 31 January 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	712	949
		712	949
Current assets
Debtors: amounts falling due within one year		0	10,757
Debtors: amounts falling due after one year		25,457	14,700
Cash at bank and in hand		2,838	17,320
		28,295	42,777
Creditors: amount falling due within one year		(28,623)	(22,474)
Net current assets		(328)	20,303

Total assets less current liabilities		384	21,252
Creditors: amount falling due after more than one year		0	(6,726)
Provisions for liabilities		(142)	0
Net assets		242	14,526

Capital and reserves
Called up share capital	4	100	100
Profit and loss account		142	14,426
Shareholders' funds		242	14,526

For the year ended 31 January 2025 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 year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 29 October 2025 and were signed by:

-------------------------------
Iqra Talib
Director

1

Phone Workshop London Ltd
Notes to the Abridged Financial Statements
For the year ended 31 January 2025

General Information

Phone Workshop London Ltd is a private company, limited by shares, registered in England and Wales, registration number 10547262, registration address 13A St. Georges Street, Canterbury, CT1 2JT.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

25% Reducing Balance

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 3 (2024 : 6).

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Total
	£	£
At 01 February 2024	3,000	3,000
Additions	-	-
Disposals	-	-
At 31 January 2025	3,000	3,000
Depreciation
At 01 February 2024	2,051	2,051
Charge for year	237	237
On disposals	-	-
At 31 January 2025	2,288	2,288
Net book values
Closing balance as at 31 January 2025	712	712
Opening balance as at 01 February 2024	949	949

4.

Share Capital

Authorised
100 Class A shares of £1.00 each

Allotted, called up and fully paid	2025 £		2024 £
100 Class A shares of £1.00 each	100		100
	100		100

2

Registered Number: 10547262
England and Wales
PHONE WORKSHOP LONDON LTD

Abridged Accounts

Period of accounts Start date: 01 February 2024 End date: 31 January 2025