REGISTERED NUMBER: 10675922 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Philip Alexander Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Philip Wright

Mr Alex Clayton

REGISTERED OFFICE:

24A Aldermans Hill

Palmers Green

London

N13 4PN

REGISTERED NUMBER:

10675922 (England and Wales)

ACCOUNTANTS:

Alexander Associates

24A Aldermans Hill

Palmers Green

London

N13 4PN

FIXED ASSETS

Intangible assets

4

90,000

97,500

Tangible assets

5

113,685

21,880

Investments

6

406,843

406,843

610,528

526,223

CURRENT ASSETS

Debtors

7

69,889

-

Cash at bank and in hand

952,819

1,075,763

1,022,708

1,075,763

CREDITORS

Amounts falling due within one year

8

938,766

992,946

NET CURRENT ASSETS

83,942

82,817

TOTAL ASSETS LESS CURRENT LIABILITIES

694,470

609,040

CREDITORS

Amounts falling due after more than one year

9

49,379

35,101

NET ASSETS

645,091

573,939

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

644,989

573,837

645,091

573,939

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

Mr Alex Clayton - Director

Mr Philip Wright - Director

1.	STATUTORY INFORMATION

Philip Alexander 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.

In carrying out this assessment, the directors have considered the impact of the Covid-19 pandemic on the trade and finances of the company and wider group and they have taken steps to protect liquidity.

The directors are therefore satisfied that there is no significant risk to the ability of the company to continue as a going concern for at least 12 months from the date of approval of these financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on reducing balance

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

150,000

AMORTISATION

At 1 April 2024

52,500

Charge for year

7,500

At 31 March 2025

60,000

NET BOOK VALUE

At 31 March 2025

90,000

At 31 March 2024

97,500

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

15,922

27,768

-

4,940

48,630

Additions

-

43,608

56,500

-

100,108

At 31 March 2025

15,922

71,376

56,500

4,940

148,738

DEPRECIATION

At 1 April 2024

11,418

13,848

-

1,484

26,750

Charge for year

676

2,165

4,944

518

8,303

At 31 March 2025

12,094

16,013

4,944

2,002

35,053

NET BOOK VALUE

At 31 March 2025

3,828

55,363

51,556

2,938

113,685

At 31 March 2024

4,504

13,920

-

3,456

21,880

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

406,843

NET BOOK VALUE

At 31 March 2025

406,843

At 31 March 2024

406,843

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

27,019

-

Amounts owed by associates

29,753

-

Prepayments

13,117

-

69,889

-

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 10)

10,322

-

Hire purchase contracts

12,422

-

Trade creditors

4,941

314

Amounts owed to associates

-

70,916

Tax

50,220

65,574

Social security and other taxes

7,291

6,562

VAT

26,838

32,022

Client account - 7652

821,462

811,914

Pension

920

1,037

Directors' current accounts

-

257

Accrued expenses

4,350

4,350

938,766

992,946

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 10)

1,881

35,101

Hire purchase contracts

47,498

-

49,379

35,101

10.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank loans

10,322

-

Amounts falling due between one and two years:

Bank loans - 1-2 years

1,881

-

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

35,101