Willmore Phillips Limited - Filleted accounts

Registered number

07956948

Willmore Phillips Limited

Filleted Accounts

28 February 2025

Willmore Phillips Limited
Registered number:		07956948
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		12,696			3,421

Current assets
Debtors	4	524			2,838
Cash at bank and in hand		871			1,760
		1,395			4,598
Creditors: amounts falling due within one year	5	(25,437)			(19,239)

Net current liabilities			(24,042)			(14,641)

Net liabilities			(11,346)			(11,220)

Capital and reserves
Called up share capital			10			10
Profit and loss account			(11,356)			(11,230)

Shareholder's funds			(11,346)			(11,220)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




N M Macmillan
Director
Approved by the board on 3 November 2025

Willmore Phillips Limited
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Equipment	25% per annum on reducing balance
	Motor vehicles	25% per annum on reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Equipment		Motor vehicles		Total
£			£		£
	Cost
	At 1 March 2024	10,739		10,110		20,849
	Additions	118		14,400		14,518
	Disposals	-		(10,110)		(10,110)
	At 28 February 2025	10,857		14,400		25,257

	Depreciation
	At 1 March 2024	8,330		9,098		17,428
	Charge for the year	631		3,600		4,231
	On disposals	-		(9,098)		(9,098)
	At 28 February 2025	8,961		3,600		12,561

	Net book value
	At 28 February 2025	1,896		10,800		12,696
	At 29 February 2024	2,409		1,012		3,421


4	Debtors			2025		2024
£					£

	Trade debtors			-		2,546
	Prepayments			524		292
				524		2,838


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Taxation and social security costs			-		1,972
	Director's current account			24,254		16,107
	Accruals			1,183		1,160
				25,437		19,239


6	Related party transactions

	At the balance sheet date, as included under creditors, the company owed monies to Mr N M Macmillan amounting to £24,254 (2024 - £16,107 on an unsecured interest free basis.


7	Controlling party

	The ultimate controlling party is Mr N M Macmillan by virtue of him owning 100% of the company's issued share capital.


8	Other information

	Willmore Phillips Limited is a private company limited by shares and incorporated in England. Its registered office is:
	St Dunstans House
	15-17 South Street
	Tarring
	Worthing
	West Sussex
	BN14 7LG