REGISTERED NUMBER: 09910541 (England and Wales)

GUY PHILLIPS BUILD LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G L Phillips

Mrs S Silverstone

REGISTERED OFFICE:

40 Farmeadow Road

Leominster

Herefordshire

HR6 9AB

REGISTERED NUMBER:

09910541 (England and Wales)

ACCOUNTANTS:

Davies Edwards & Co

Chartered Certified Accountants

West Lodge

Rainbow Street

Leominster

Herefordshire

HR6 8DQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

5,627

18,165

5,627

18,165

CURRENT ASSETS

Stocks

500

250

Debtors

6

14,366

72,051

Cash at bank

19,857

24,246

34,723

96,547

CREDITORS

Amounts falling due within one year

7

14,802

20,397

NET CURRENT ASSETS

19,921

76,150

TOTAL ASSETS LESS CURRENT LIABILITIES

25,548

94,315

CREDITORS

Amounts falling due after more than one year

8

-

(6,800

)

PROVISIONS FOR LIABILITIES

(1,069

)

(3,451

)

NET ASSETS

24,479

84,064

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

24,379

83,964

SHAREHOLDERS' FUNDS

24,479

84,064

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 18 September 2026 and were signed on its behalf by:

G L Phillips - Director

1.	STATUTORY INFORMATION

Guy Phillips Build 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

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

Incorporation costs

Incorporation costs have been fully amortised in the year in which they were incurred.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% 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 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. Hire purchase interest is charged to profit or loss on a straight line basis over the period of the agreement.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

269

AMORTISATION

At 1 January 2025

and 31 December 2025

269

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

32,827

1,638

3,259

37,724

Disposals

(13,930

)

-

-

(13,930

)

At 31 December 2025

18,897

1,638

3,259

23,794

DEPRECIATION

At 1 January 2025

15,446

947

3,166

19,559

Charge for year

1,247

138

9

1,394

Eliminated on disposal

(2,786

)

-

-

(2,786

)

At 31 December 2025

13,907

1,085

3,175

18,167

NET BOOK VALUE

At 31 December 2025

4,990

553

84

5,627

At 31 December 2024

17,381

691

93

18,165

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 January 2025

13,930

Disposals

(13,930

)

At 31 December 2025

-

DEPRECIATION

At 1 January 2025

2,786

Eliminated on disposal

(2,786

)

At 31 December 2025

-

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

11,144

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

21,295

Directors' current accounts

14,366

50,499

VAT

-

93

Prepayments and accrued income

-

164

14,366

72,051

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

4,800

Trade creditors

13,486

10,653

Tax

884

4,656

Social security and other taxes

(1,816

)

(1,747

)

VAT

308

-

Accruals and deferred income

1,940

2,035

14,802

20,397

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

6,800

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 January 2025

83,964

Deficit for the year

(7,085

)

Dividends

(52,500

)

At 31 December 2025

24,379

11.	DIRECTOR'S ADVANCES, CREDITS AND RELATED PARTY TRANSACTIONS

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

2025

2024

£

£

G L Phillips

Balance outstanding at start of year

50,499

19,969

Amounts advanced

36,050

67,432

Amounts repaid

(72,183

)

(36,902

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

14,366

50,499