Company Registration No. SC657375 (Scotland)
PHASE PROJECTS LTD
Unaudited accounts
for the year ended 31 March 2025
PHASE PROJECTS LTD
Unaudited accounts
Contents
PHASE PROJECTS LTD
Company Information
for the year ended 31 March 2025
Directors
Christopher John Reid
Company Number
SC657375 (Scotland)
Registered Office
88 MORNINGSIDE AVENUE
ABERDEEN
AB10 7LT
SCOTLAND
PHASE PROJECTS LTD
Statement of financial position
as at 31 March 2025
Tangible assets
127,491
125,561
Cash at bank and in hand
304,241
185,313
Creditors: amounts falling due within one year
(314,127)
(97,475)
Net current assets
272,139
142,432
Total assets less current liabilities
399,630
267,993
Creditors: amounts falling due after more than one year
-
(3,312)
Net assets
399,630
264,681
Called up share capital
1
1
Profit and loss account
399,629
264,680
Shareholders' funds
399,630
264,681
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 December 2025 and were signed on its behalf by
Christopher John Reid
Director
Company Registration No. SC657375
PHASE PROJECTS LTD
Notes to the Accounts
for the year ended 31 March 2025
PHASE PROJECTS LTD is a private company, limited by shares, registered in Scotland, registration number SC657375. The registered office is 88 MORNINGSIDE AVENUE, ABERDEEN, AB10 7LT, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2024
190,898
23,851
214,749
At 31 March 2025
234,458
23,851
258,309
At 1 April 2024
80,165
9,023
89,188
Charge for the year
35,667
5,963
41,630
At 31 March 2025
115,832
14,986
130,818
At 31 March 2025
118,626
8,865
127,491
At 31 March 2024
110,733
14,828
125,561
PHASE PROJECTS LTD
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
279,302
54,130
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
3,312
4,016
Trade creditors
237,861
44,622
Taxes and social security
72,954
49,799
Loans from directors
-
(962)
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
3,312
8
Average number of employees
During the year the average number of employees was 7 (2024: 3).