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Company Registration No. 11404474 (England and Wales)
Phillips Schroeder Surety Limited Unaudited accounts for the year ended 31 December 2025
Phillips Schroeder Surety Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Phillips Schroeder Surety Limited Company Information for the year ended 31 December 2025
Director
Richard Phillips
Secretary
Richard Phillips
Company Number
11404474 (England and Wales)
Registered Office
67 Alresford Road Winchester Hampshire SO23 0LA England
Accountants
Woods Russell Limited First Floor Unit S Loddon Business Centre Roentgen Road Basingstoke RG24 8NG
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Phillips Schroeder Surety Limited Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
19,487
25,353
Current assets
Debtors
5
504,002
292,215
Cash at bank and in hand
922,447
683,086
1,426,449
975,301
Creditors: amounts falling due within one year
6
(304,631)
(267,851)
Net current assets
1,121,818
707,450
Total assets less current liabilities
1,141,305
732,803
Provisions for liabilities
Deferred tax
7
(4,872)
(6,338)
Net assets
1,136,433
726,465
Capital and reserves
Called up share capital
8
1,000
1,000
Profit and loss account
1,135,433
725,465
Shareholders' funds
1,136,433
726,465
For the year ending 31 December 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 16 March 2026 and were signed on its behalf by
Richard Phillips Director Company Registration No. 11404474
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Phillips Schroeder Surety Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Phillips Schroeder Surety Limited is a private company, limited by shares, registered in England and Wales, registration number 11404474. The registered office is 67 Alresford Road, Winchester, Hampshire, SO23 0LA, 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:
Motor vehicles
25% Reducing balance
Computer equipment
25% Reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Phillips Schroeder Surety Limited Notes to the Accounts for the year ended 31 December 2025
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2025
41,868
4,590
46,458
Additions
-
629
629
At 31 December 2025
41,868
5,219
47,087
Depreciation
At 1 January 2025
18,317
2,788
21,105
Charge for the year
5,887
608
6,495
At 31 December 2025
24,204
3,396
27,600
Net book value
At 31 December 2025
17,664
1,823
19,487
At 31 December 2024
23,551
1,802
25,353
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
29,242
-
Amounts due from group undertakings etc.
473,000
290,371
Accrued income and prepayments
1,760
1,844
504,002
292,215
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
36,552
8,202
Taxes and social security
188,729
141,965
Other creditors
4,887
3,051
Loans from directors
65,711
113,625
Accruals
8,752
1,008
304,631
267,851
7
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
4,872
6,338
2025
2024
£
£
Provision at start of year
6,338
-
(Credited)/charged to the profit and loss account
(1,466)
6,338
Provision at end of year
4,872
6,338
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Phillips Schroeder Surety Limited Notes to the Accounts for the year ended 31 December 2025
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
9
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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