REGISTERED NUMBER: 04383784 (England and Wales)

DORIAN PHILLIPS & PARTNERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2024 TO 31 JULY 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr B D J Phillips

SECRETARY:

Mr B D J Phillips

REGISTERED OFFICE:

Dolau Gronw

Llanboidy

Whitland

Carmarthenshire

SA34 0EE

REGISTERED NUMBER:

04383784 (England and Wales)

FIXED ASSETS

Tangible assets

4

47,000

47,860

CURRENT ASSETS

Stocks

-

500

Debtors

188,897

217,601

Cash at bank and in hand

3,310

3,057

192,207

221,158

CREDITORS

Amounts falling due within one year

89,657

110,289

NET CURRENT ASSETS

102,550

110,869

TOTAL ASSETS LESS CURRENT LIABILITIES

149,550

158,729

CREDITORS

Amounts falling due after more than one year

5

(20,299

)

(38,954

)

PROVISIONS FOR LIABILITIES

-

(89

)

NET ASSETS

129,251

119,686

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

128,951

119,386

SHAREHOLDERS' FUNDS

129,251

119,686

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 July 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 April 2026 and were signed by:

Mr B D J Phillips - Director

1.	STATUTORY INFORMATION

Dorian Phillips & Partners 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.

The financial statements have been prepared in accordance with Companies Act 2006 as amended, and with applicable Accounting Standards.The director expects continued growth and the company should be able to operate within its overdraft. The director is not aware of any reason why this facility might be withdrawn and as a result the going concern basis of accounting has been adopted.

Turnover

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

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

-

25% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2024

213,464

Disposals

(166,464

)

At 31 July 2025

47,000

DEPRECIATION

At 1 March 2024

165,604

Charge for period

178

Eliminated on disposal

(165,782

)

At 31 July 2025

-

NET BOOK VALUE

At 31 July 2025

47,000

At 29 February 2024

47,860

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable by instalments

Bank loans more 5 yr by instal

9,499

15,649

The bank loan and overdraft are secured.

Obligations under finance leases and hire purchase contracts are secured.

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

30,499

51,176

7.	ULTIMATE CONTROLLING PARTY

The company is controlled by the director, Mr B D J Phillips by virtue of his shareholding.