Phil Jermyn Designs Ltd - Accounts to registrar (filleted) - small 18.2

Phil Jermyn Designs Ltd - Accounts to registrar (filleted) - small 18.2

PHIL JERMYN DESIGNS LTD - Company Information

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REGISTERED NUMBER: 06470345 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2021

FOR

PHIL JERMYN DESIGNS LTD
PHIL JERMYN DESIGNS LTD (REGISTERED NUMBER: 06470345)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PHIL JERMYN DESIGNS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2021







DIRECTOR: P M Jermyn





REGISTERED OFFICE: 30 New Road
Brighton
East Sussex
BN1 1BN





REGISTERED NUMBER: 06470345 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE
Page 1
PHIL JERMYN DESIGNS LTD (REGISTERED NUMBER: 06470345)

BALANCE SHEET
31 JANUARY 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Cash at bank 18,613 13,231

CREDITORS
Amounts falling due within one year 4 13,631 9,007
NET CURRENT ASSETS 4,982 4,224
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,982
4,224

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 4,980 4,222
SHAREHOLDERS' FUNDS 4,982 4,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 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 9 June 2021 and were signed by:





P M Jermyn - Director


The notes form part of these financial statements

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PHIL JERMYN DESIGNS LTD (REGISTERED NUMBER: 06470345)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021


1. STATUTORY INFORMATION

Phil Jermyn Designs 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents revenue recognised in the accounts excluding value added tax. Services are performed gradually over time so revenue is recognised as the company fulfils its contractual obligations and activity progresses by reference to the value of work performed.

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 balance sheet date.

Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence.

The directors do not anticipate that the recent COVID-19 outbreak will affect the company's ability to continue for the foreseeable future and therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Taxation and social security 9,479 5,057
Other creditors 4,152 3,950
13,631 9,007

5. ULTIMATE CONTROLLING PARTY

During the year the company was under the control of P M Jermyn, the sole director and a shareholder of the company.

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