PHELAN & CO (SOUTHERN) LTD

PHELAN & CO (SOUTHERN) LTD

PHELAN & CO (SOUTHERN) LTD - Company Information

Print Friendly Version

1 April 2019 false No description of principal activity Taxfiler 2020.8 07547669business:PrivateLimitedCompanyLtd2019-04-012020-03-31 075476692019-03-31 075476692019-04-012020-03-31 07547669business:AuditExemptWithAccountantsReport2019-04-012020-03-31 07547669business:FullAccounts2019-04-012020-03-31 075476692020-03-31 07547669business:Director12019-04-012020-03-31 07547669business:RegisteredOffice2019-04-012020-03-31 075476692019-03-31 07547669core:WithinOneYear2020-03-31 07547669core:WithinOneYear2019-03-31 07547669core:ShareCapital2020-03-31 07547669core:ShareCapital2019-03-31 07547669core:RetainedEarningsAccumulatedLosses2020-03-31 07547669core:RetainedEarningsAccumulatedLosses2019-03-31 07547669business:SmallEntities2019-04-012020-03-31 07547669countries:EnglandWales2019-04-012020-03-31 07547669core:PlantMachinery2019-04-012020-03-31 07547669core:MotorVehicles2019-04-012020-03-31 07547669core:PlantMachinery2019-03-31 07547669core:MotorVehicles2019-03-31 07547669core:PlantMachinery2020-03-31 07547669core:MotorVehicles2020-03-31 075476692018-04-012019-03-31 iso4217:GBP xbrli:pure
Company Registration No. 07547669 (England and Wales)
PHELAN & CO (SOUTHERN) LTD Unaudited accounts for the year ended 31 March 2020
PHELAN & CO (SOUTHERN) LTD Unaudited accounts Contents
Page
- 2 -
PHELAN & CO (SOUTHERN) LTD Company Information for the year ended 31 March 2020
Director
Mr A Phelan
Company Number
07547669 (England and Wales)
Registered Office
5 Mayfield Close Patcham Brighton East Sussex BN1 8HP
Accountants
Shepherd Accountants Limited First Floor, Beeson House Lintot Square, Fairbank Road Southwater, Horsham West Sussex RH13 9LA
- 3 -
PHELAN & CO (SOUTHERN) LTD Accountants' report
Accountants' report to the director of PHELAN & CO (SOUTHERN) LTD on the preparation of the unaudited statutory accounts for the year ended 31 March 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PHELAN & CO (SOUTHERN) LTD for the year ended 31 March 2020 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of PHELAN & CO (SOUTHERN) LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of PHELAN & CO (SOUTHERN) LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PHELAN & CO (SOUTHERN) LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PHELAN & CO (SOUTHERN) LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PHELAN & CO (SOUTHERN) LTD. You consider that PHELAN & CO (SOUTHERN) 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 accounts of PHELAN & CO (SOUTHERN) 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 accounts.
Shepherd Accountants Limited First Floor, Beeson House Lintot Square, Fairbank Road Southwater, Horsham West Sussex RH13 9LA 9 June 2020
- 4 -
PHELAN & CO (SOUTHERN) LTD Statement of financial position as at 31 March 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
3,364 
4,204 
Current assets
Debtors
5
4,664 
7,878 
Cash at bank and in hand
783 
12,331 
5,447 
20,209 
Creditors: amounts falling due within one year
6
(8,655)
(24,385)
Net current liabilities
(3,208)
(4,176)
Net assets
156 
28 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
146 
18 
Shareholders' funds
156 
28 
For the year ending 31 March 2020 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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.
The financial statements were approved by the Board and authorised for issue on 9 June 2020 and were signed on its behalf by
Mr A Phelan Director Company Registration No. 07547669
- 5 -
PHELAN & CO (SOUTHERN) LTD Notes to the Accounts for the year ended 31 March 2020
1
Statutory information
PHELAN & CO (SOUTHERN) LTD is a private company, limited by shares, registered in England and Wales, registration number 07547669. The registered office is 5 Mayfield Close, Patcham, Brighton, East Sussex, BN1 8HP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2019
3,577 
12,500 
16,077 
At 31 March 2020
3,577 
12,500 
16,077 
Depreciation
At 1 April 2019
2,445 
9,428 
11,873 
Charge for the year
226 
614 
840 
At 31 March 2020
2,671 
10,042 
12,713 
Net book value
At 31 March 2020
906 
2,458 
3,364 
At 31 March 2019
1,132 
3,072 
4,204 
5
Debtors
2020 
2019 
£ 
£ 
Trade debtors
- 
6,750 
Other debtors
4,664 
1,128 
4,664 
7,878 
- 6 -
PHELAN & CO (SOUTHERN) LTD Notes to the Accounts for the year ended 31 March 2020
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Taxes and social security
1,210 
9,293 
Loans from directors
7,445 
14,715 
Accruals
- 
377 
8,655 
24,385 
7
Average number of employees
During the year the average number of employees was 1 (2019: 1).
- 7 -