REGISTERED NUMBER: 04665635 (England and Wales)

Financial Statements

for the Year Ended 31 July 2025

for

N.J. Phillips (Builders & Contractors)

Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N J Phillips

SECRETARY:

Mrs S L Phillips

REGISTERED OFFICE:

59 Grove Road

Ilkley

West Yorkshire

LS29 9PQ

REGISTERED NUMBER:

04665635 (England and Wales)

ACCOUNTANTS:

RAA North East Ltd

Suite 4, 10/12 The Grove,

Ilkley

West Yorkshire

LS29 9EG

Fixed assets

Property, plant and equipment

4

163

204

Current assets

Inventories

4,304

4,304

Debtors

5

66,480

87,622

Cash at bank and in hand

3,739

9,481

74,523

101,407

Creditors

Amounts falling due within one year

6

(68,317

)

(86,600

)

Net current assets

6,206

14,807

Total assets less current liabilities

6,369

15,011

Provisions for liabilities

(31

)

(39

)

Net assets

6,338

14,972

Capital and reserves

Called up share capital

7

100

100

Retained earnings

8

6,238

14,872

Shareholders' funds

6,338

14,972

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

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 July 2026 and were signed by:

Mr N J Phillips - Director

1.	STATUTORY INFORMATION

N.J. Phillips (Builders & Contractors) Ltd 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

Revenue 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 equipment

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

STOCKS

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories 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.

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 year was 1 (2024 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1 August 2024

and 31 July 2025

2,173

11,308

13,481

DEPRECIATION

At 1 August 2024

1,970

11,307

13,277

Charge for year

41

-

41

At 31 July 2025

2,011

11,307

13,318

NET BOOK VALUE

At 31 July 2025

162

1

163

At 31 July 2024

203

1

204

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

5,076

Other debtors

18,888

14,388

Director's current account

45,324

64,853

Prepayments

2,268

3,305

66,480

87,622

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

6,257

Trade creditors

16,029

38,284

Corporation tax

42,730

28,583

Social security and other tax

7,805

11,844

Accrued expenses

1,753

1,632

68,317

86,600

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 August 2024

14,872

Profit for the year

56,366

Dividends

(65,000

)

At 31 July 2025

6,238

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2025 and 31 July 2024:

2025

2024

£

£

Mr N J Phillips

Balance outstanding at start of year

64,853

67,255

Amounts repaid

(19,529

)

(2,402

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

45,324

64,853

Dividend of £58,500 were paid to the director during the year (2024 £27,000).