Robert Phillips Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03606792 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2020

for

Robert Phillips Ltd

Page

Company information

1

Statement of financial position

2

Notes to the financial statements

4

Director:

R Phillips

Registered office:

14 Potters Lane

Kiln Farm Trading Estate

Milton Keynes

Buckinghamshire

MK11 3HF

Business address:

42 Granes End

Great Linford

Milton Keynes

Buckinghamshire

MK14 5DX

Registered number:

03606792 (England and Wales)

Accountants:

JOHN ALEXANDER LIMITED

Unit 2

32-34 Station Close

Potters Bar

Hertfordshire

EN6 1TL

FIXED ASSETS

Tangible assets

3

-

23

CURRENT ASSETS

Debtors

4

3,921

7,722

Cash at bank

126,185

111,950

130,106

119,672

CREDITORS

Amounts falling due within one year

5

10,553

24,973

NET CURRENT ASSETS

119,553

94,699

TOTAL ASSETS LESS CURRENT LIABILITIES

119,553

94,722

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

119,453

94,622

SHAREHOLDERS' FUNDS

119,553

94,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 August 2020 and were signed by:

R Phillips - Director

1.	Statutory information

Robert Phillips 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.

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 machinery

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of

Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position 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.

3.	Tangible fixed assets

Plant and

machinery

£

Cost

At 1 August 2019

and 31 July 2020

7,446

Depreciation

At 1 August 2019

7,423

Charge for year

23

At 31 July 2020

7,446

Net book value

At 31 July 2020

-

At 31 July 2019

23

4.

Debtors: amounts falling due within one year

2020

2019

£

£

Trade debtors

3,477

7,722

VAT

444

-

3,921

7,722

5.

Creditors: amounts falling due within one year

2020

2019

£

£

Trade creditors

33

7

Taxation and social security

10,520

24,966

10,553

24,973