John Phillips & Co Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04363387 (England and Wales)

John Phillips & Co Limited

Unaudited Financial Statements

For The Year Ended 31 October 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

S Phillips

SECRETARY:

REGISTERED OFFICE:

Unit 81 Centaur Court

Claydon Business Park

Gt. Blakenham

Ipswich

Suffolk

IP6 0NL

REGISTERED NUMBER:

04363387 (England and Wales)

ACCOUNTANTS:

John Phillips & Co Limited

Accountants

Unit 81 Centaur Court

Claydon Business Park

Gt. Blakenham

Ipswich

Suffolk

IP6 0NL

FIXED ASSETS

Intangible assets

4

230,000

Tangible assets

5

48,930

52,859

278,930

282,859

CURRENT ASSETS

Stocks

6

42,000

34,672

Debtors

7

326,472

374,414

Cash at bank

452,837

365,914

821,309

775,000

CREDITORS

Amounts falling due within one year

8

195,315

196,398

NET CURRENT ASSETS

625,994

578,602

TOTAL ASSETS LESS CURRENT
LIABILITIES

904,924

861,461

CAPITAL AND RESERVES

Called up share capital

9

140

Capital redemption reserve

10

(349,940

)

(349,940

)

Retained earnings

10

1,254,724

1,211,261

SHAREHOLDERS' FUNDS

904,924

861,461

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 22 April 2026 and were signed by:

S Phillips - Director

1.	STATUTORY INFORMATION

John Phillips & Co 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.

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.

Fixtures and fittings

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

230,000

NET BOOK VALUE

At 31 October 2025

230,000

At 31 October 2024

230,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 November 2024

106,218

39,052

19,820

165,090

Additions

13,702

-

13,702

At 31 October 2025

119,920

39,052

19,820

178,792

DEPRECIATION

At 1 November 2024

94,540

9,763

7,928

112,231

Charge for year

6,345

7,322

3,964

17,631

At 31 October 2025

100,885

17,085

11,892

129,862

NET BOOK VALUE

At 31 October 2025

19,035

21,967

7,928

48,930

At 31 October 2024

11,678

29,289

11,892

52,859

6.

STOCKS

31.10.25

31.10.24

£

Work-in-progress

42,000

34,672

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Trade debtors

326,472

374,414

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Tax

46,200

67,298

VAT

89,377

85,360

Other creditors

9,673

21,784

Directors' loan accounts

50,065

21,956

195,315

196,398

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

50

Ordinary "B" Non-Voting

£1

50

10

Ordinary "C" Non-Voting

£1

10

Ordinary "D" Non-Voting

£1

10

Ordinary "E" Non-Voting

£1

10

80

Allotted and issued:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

60

Share capital 1

£1

60

10.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

At 1 November 2024

1,211,261

(349,940

)

861,321

Profit for the year

137,463

Dividends

(94,000

)

(94,000

)

At 31 October 2025

1,254,724

(349,940

)

904,784

11.	ULTIMATE CONTROLLING PARTY

The controlling party is S Phillips.

The ultimate controlling party is S Phillips.

The company is a wholly-owned subsidiary of Phillips & Partners Limited, a company incorporated in England and Wales, company registration number:15990254.