Philip Clay Design Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08811669 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PHILIP CLAY DESIGN LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P S Clay

Mrs K A Clay

REGISTERED OFFICE:

2 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

HA1 3EX

REGISTERED NUMBER:

08811669 (England and Wales)

ACCOUNTANTS:

Barber & Company

A trading name of PCM Accounting Limited

2 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Property, plant and equipment

4

194,595

214,794

CURRENT ASSETS

Inventories

75,000

50,000

Debtors

5

280,248

57,615

Cash at bank

9,790

11,210

365,038

118,825

CREDITORS

Amounts falling due within one year

6

511,200

293,736

NET CURRENT LIABILITIES

(146,162

)

(174,911

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

48,433

39,883

CREDITORS

Amounts falling due after more than one
year

7

(145,256

)

(186,286

)

PROVISIONS FOR LIABILITIES

(2,035

)

-

NET LIABILITIES

(98,858

)

(146,403

)

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

(98,958

)

(146,503

)

SHAREHOLDERS' FUNDS

(98,858

)

(146,403

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2025 and were signed on its behalf by:

P S Clay - Director

1.	STATUTORY INFORMATION

Philip Clay Design Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Revenue 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

-

20% on reducing balance and 10% on reducing balance

STOCKS

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

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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 8 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 April 2024

287,111

22,949

8,852

318,912

Additions

-

2,907

At 31 March 2025

287,111

22,949

11,759

321,819

DEPRECIATION

At 1 April 2024

82,770

15,429

5,919

104,118

Charge for year

20,434

1,504

1,168

23,106

At 31 March 2025

103,204

16,933

7,087

127,224

NET BOOK VALUE

At 31 March 2025

183,907

6,016

4,672

194,595

At 31 March 2024

204,341

7,520

2,933

214,794

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

Trade debtors

144,892

2,220

Tax

-

12,664

Deferred tax asset

-

4,859

Prepayments and accrued income

135,356

37,872

280,248

57,615

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

Bank loans and overdrafts

85,804

108,684

Hire purchase contracts

30,282

31,418

Trade creditors

107,447

69,083

Social security and other taxes

105,013

18,188

Other creditors

108,786

17,050

Directors' current accounts

20,763

33,744

Accruals and deferred income

53,105

15,569

511,200

293,736

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

as restated

£

Bank loans - 1-2 years

26,175

32,026

Bank loans - 2-5 years

34,548

39,172

Hire purchase contracts

84,533

115,088

145,256

186,286

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

as restated

£

100

Ordinary Shares

£1

100