Gary Ian Phillips Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07637420

GARY IAN PHILLIPS LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 May 2025

GARY IAN PHILLIPS LTD

FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2025

Contents	Page

Officers and professional advisers	1

Statement of financial position and the notes to the financial statements	2

GARY IAN PHILLIPS LTD

OFFICERS AND PROFESSIONAL ADVISERS

Director	G I Phillips

Registered office	Cairns House
	46 Colegrave Street
	Lincoln
	England
	LN5 8DR

Accountants	Streets LLP
	Chartered accountants
	Tower House
	Lucy Tower Street
	Lincoln
	Lincolnshire
	LN1 1XW

GARY IAN PHILLIPS LTD

STATEMENT OF FINANCIAL POSITION

31 May 2025

	2025		2024
	£	£	£
Fixed assets		110,337	114,726
		----------	----------

Current assets	488,855		559,000
Prepayments and accrued income	968		953
	----------		----------
		489,823	559,953

Creditors: amounts falling due within one year	3,929	33,129
	----------	----------
Net current assets	485,894	526,824
	----------	----------
Total assets less current liabilities	596,231	641,550

Accruals and deferred income	2,025	5,722
	----------	----------
	594,206	635,828
	----------	----------

Capital and reserves	594,206	635,828
	----------	----------

Notes to the financial statements

1. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

2. Director's advances, credits and guarantees

Advances were made to the director during the year of amounts totalling £9,704, resulting in an overdrawn balance carried forward of £9,704 at the year end. This balance will be fully repaid within nine months of the year end; no interest is charged on the overdrawn loan balance.

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the board of directors and authorised for issue on 27 May 2026 , and are signed on behalf of the board by:

G I Phillips
Director

Company registration number: 07637420

The company is a private company limited by shares, registered in England and Wales.