Philola Imports Exports Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2

Registered number: 15479751

		28 February 2025
	Notes	£	£
CURRENT ASSETS
Stocks	4	285,045

		285,045
Creditors: Amounts Falling Due Within One Year	5	(287,431 )

NET CURRENT ASSETS (LIABILITIES)			(2,386 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(2,386 )

NET LIABILITIES			(2,386 )

CAPITAL AND RESERVES
Called up share capital	6		1
Profit and Loss Account			(2,387 )

SHAREHOLDERS' FUNDS			(2,386)

For the period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Phillip Whittaker

Director

08/11/2025

The notes on page 2 form part of these financial statements.

1. General Information

Philola Imports Exports Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15479751 . The registered office is Taormina Silver Street, Holcombe, Radstock, Avon, BA3 5EP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 1

4. Stocks

	28 February 2025
	£
Stock	285,045

5. Creditors: Amounts Falling Due Within One Year

	28 February 2025
	£
Bank loans and overdrafts	235,000
Other creditors	52,431

	287,431

6. Share Capital

	28 February 2025
	£
Allotted, Called up and fully paid	1