2025-09-01 2026-08-31 11502394 Phil's Plaice On The Quay Ltd false 11502394 2025-09-01 2026-08-31 11502394 uk-bus:Director1 2025-09-01 2026-08-31 11502394 uk-bus:AuditExempt-NoAccountantsReport 2025-09-01 2026-08-31 11502394 uk-bus:SmallEntities 2025-09-01 2026-08-31 11502394 uk-bus:FullAccounts 2025-09-01 2026-08-31 11502394 uk-bus:PrivateLimitedCompanyLtd 2025-09-01 2026-08-31 11502394 2025-09-01 11502394 2026-08-31 11502394 2025-08-31 xbrli:pure iso4217:GBP 11502394 2024-09-01 2025-08-31
Company Registration Number : 11502394 (England and Wales)
11502394
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2026-08-31
false
Phil's Plaice On The Quay Ltd
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2025-09-01
Phil's Plaice On The Quay Ltd
Unaudited filleted financial statements
For the year ended 31 August 2026
Phil's Plaice On The Quay Ltd
Contents
For the year ended 31 August 2026
CONTENTS PAGE
Company Information 3
Accountant's Report 4
Statement of Financial Position 5
Notes to the Financial Statements 6 - 7


Phil's Plaice On The Quay Ltd
Company Information
For the year ended 31 August 2026
Company registration number 11502394 (England and Wales)
Directors Philip Coltherd
Pauline Coltherd
Registered office address 246 Park View
Whitley Bay
Tyne And Wear
NE26 3QX
Accountant Harrison Hutchinson Ltd
Chartered Accountants
246 Park View
Whitley Bay
Tyne and Wear
NE26 3QX
Phil's Plaice On The Quay Ltd
Accountant's report
For the year ended 31 August 2026
Chartered Accountant's report to the board of Directors on the preparation of the unaudited statutory accounts of Phil's Plaice On The Quay Ltd for the year ended 31 August 2026.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Phil's Plaice On The Quay Ltd for the year ended 31 August 2026 which comprise the income statement, statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulations.

This report is made solely to the Board of Directors of Phil's Plaice On The Quay Ltd, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Phil's Plaice On The Quay Ltd and state those matters that we have agreed to state to the Board of Directors of Phil's Plaice On The Quay Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Phil's Plaice On The Quay Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Phil's Plaice On The Quay Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Phil's Plaice On The Quay Ltd. You consider that Phil's Plaice On The Quay Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Phil's Plaice On The Quay Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Harrison Hutchinson Ltd
Chartered Accountants
246 Park View
Whitley Bay
Tyne and Wear
NE26 3QX
2026-10-09 Date: 09 October 2026
4
Phil's Plaice On The Quay Ltd
Statement of Financial Position
For the year ended 31 August 2026
2026 2025
Notes £ £
Fixed assets
Intangible assets 1,005 1,508
Property, plant and equipment 166,303 129,295
6 167,308 130,803
Current assets
Inventories 3,251 3,019
Debtors 11,007 9,999
Cash and cash equivalents 54,284 30,663
68,542 43,681
Current liabilities
Creditors: Amounts falling due within one year (91,357) (93,653)
(91,357) (93,653)
Net current (liabilities)/assets (22,815) (49,972)
Total assets less current liabilities 144,493 80,831
Non-current liabilities
Creditors: Amounts falling due after more than one year (50,821) (58,786)
Net assets/(liabilities) 93,672 22,045
Capital and reserves
Called up share capital 3 3
Retained earnings 93,669 22,042
Shareholder's funds 93,672 22,045
For the year ended 31 August 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 August 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 09 October 2026
.............................
Philip Coltherd (Director)
Company registration number: 11502394
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2026-08-31 31 August 2026
2026 2025
£ £
Fixed Assets 167,308 130,803
Current Assets 67,197 42,862
Prepayments and accrued income 1,345 819
Creditors: amounts falling due within one year (91,357) (93,653)
Net current assets/(liabilities) (22,815) (49,972)
Total assets less current liabilities 144,493 80,831
CREDITORS: Amounts falling due more than one year (50,821) (58,786)
Net Assets/(liabilities) 93,672 22,045
Capital and Reserves 93,672 22,045
For the year ending 31/08/2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 31-08-2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 09 October 2026 2026-10-09 and signed on behalf of the board,
.............................
Philip Coltherd
Director
Company registration number: 11502394
Phil's Plaice On The Quay Ltd
Notes to the Financial Statements
For the year ended 31 August 2026
(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 246 Park View, Whitley Bay, Tyne And Wear, NE26 3QX.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill recognised at acquisition is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis over its useful life, which is estimated to be 10 years. Goodwill amortisation is included within administration expenses.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings25% reducing balance
Equipment
Motor Cars25% reducing balance
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases.

The company as lessee

Assets held under finance leases are initially recognised as assets of the company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in the income statement.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases,the aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis over the lease period.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Employees
During the year, the average number of employees including director was 3 (2025 : 3).

(6) Fixed assets
Intangible

£		Tangible

£		Totals

£
Cost
As at 01 September 20255,028209,203214,231
Additions-74,87874,878
As at 31 August 20265,028284,081289,109
Depreciation/Amortisation
As at 01 September 20253,52079,90783,427
For the year50337,87138,374
As at 31 August 20264,023117,778121,801
Net book value
As at 31 August 20261,005166,303167,308
As at 31 August 20251,508129,296130,804