REGISTERED NUMBER: 11762644 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Phil 4 Outboards Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Kendall

SECRETARY:

REGISTERED OFFICE:

398 Coast Road

Pevensey Bay

East Sussex

BN24 6NY

REGISTERED NUMBER:

11762644 (England and Wales)

ACCOUNTANTS:

Stone's Accountancy Sussex Limited

398 Coast Road

Pevensey Bay

Pevensey

East Sussex

BN24 6NY

FIXED ASSETS

Tangible assets

4

9,598

12,164

CURRENT ASSETS

Stocks

117,720

222,506

Debtors

5

(31,815

)

40,577

Cash at bank and in hand

20,619

3,870

106,524

266,953

CREDITORS

Amounts falling due within one year

6

139,274

274,325

NET CURRENT LIABILITIES

(32,750

)

(7,372

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(23,152

)

4,792

CREDITORS

Amounts falling due after more than one year

7

44,093

7,571

NET LIABILITIES

(67,245

)

(2,779

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(67,255

)

(2,789

)

SHAREHOLDERS' FUNDS

(67,245

)

(2,779

)

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 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 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.

The financial statements were approved by the director and authorised for issue on 7 November 2025 and were signed by:

P Kendall - Director

1.	STATUTORY INFORMATION

Phil 4 Outboards 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.

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

Turnover 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

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks 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 balance sheet date.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

40,875

Disposals

(167

)

At 31 March 2025

40,708

DEPRECIATION

At 1 April 2024

28,711

Charge for year

2,399

At 31 March 2025

31,110

NET BOOK VALUE

At 31 March 2025

9,598

At 31 March 2024

12,164

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

(31,815

)

40,577

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

4,652

3,642

Trade creditors

63,307

206,280

Tax

10,421

10,254

Social security and other taxes

8,006

4,932

VAT

14,942

12,970

Directors' loan accounts

35,896

34,750

Accrued expenses

2,050

1,497

139,274

274,325

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans - 2-5 years

1,909

3,819

Other loans - 1-2 years

42,184

3,752

44,093

7,571

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the loan account shown on the balance sheet has been loaned to the company for cash flow purposes. Interest is charged at 2.5%. The loan is repayable on demand.