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Company Registration No. 12986941 (England and Wales)
Phillips Technology Solutions Limited Unaudited accounts for the year ended 31 October 2025
Phillips Technology Solutions Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Phillips Technology Solutions Limited Company Information for the year ended 31 October 2025
Director
David Phillips
Company Number
12986941 (England and Wales)
Registered Office
18 Worcester Park Bath BA1 6QU England
Accountants
Vision Accounting Fortis House Cothey Way Ryde Isle of Wight PO33 1QT
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Phillips Technology Solutions Limited Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
-
14,333
Tangible assets
5
1,387
2,901
1,387
17,234
Current assets
Debtors
6
5,855
6,574
Cash at bank and in hand
9,030
489
14,885
7,063
Creditors: amounts falling due within one year
7
(6,130)
(19,950)
Net current assets/(liabilities)
8,755
(12,887)
Net assets
10,142
4,347
Capital and reserves
Share premium
100
100
Profit and loss account
10,042
4,247
Shareholders' funds
10,142
4,347
For the year ending 31 October 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 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 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 and authorised for issue on 4 February 2026 and were signed on its behalf by
David Phillips Director Company Registration No. 12986941
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Phillips Technology Solutions Limited Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Phillips Technology Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 12986941. The registered office is 18 Worcester Park, Bath, BA1 6QU, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
Straight Line - 25%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortised over five years using the straight line method.
4
Intangible fixed assets
Other
£
Cost
At 1 November 2024
20,000
Disposals
(20,000)
At 31 October 2025
-
Amortisation
At 1 November 2024
5,667
On disposals
(5,667)
At 31 October 2025
-
Net book value
At 31 October 2025
-
At 31 October 2024
14,333
Withdrawn from license.
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Phillips Technology Solutions Limited Notes to the Accounts for the year ended 31 October 2025
5
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 November 2024
6,053
At 31 October 2025
6,053
Depreciation
At 1 November 2024
3,152
Charge for the year
1,514
At 31 October 2025
4,666
Net book value
At 31 October 2025
1,387
At 31 October 2024
2,901
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
5,855
6,574
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
3,183
954
Taxes and social security
1,936
-
Loans from directors
307
18,326
Accruals
704
670
6,130
19,950
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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