Philwise Limited

Philwise Limited

PHILWISE LIMITED - Company Information

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1 July 2020 false No description of principal activity Taxfiler 2022.6 01473790business:PrivateLimitedCompanyLtd2020-07-012021-06-30 014737902020-06-30 014737902020-07-012021-06-30 01473790business:AuditExempt-NoAccountantsReport2020-07-012021-06-30 01473790business:FullAccounts2020-07-012021-06-30 014737902021-06-30 01473790business:Director12020-07-012021-06-30 01473790business:Director22020-07-012021-06-30 01473790business:RegisteredOffice2020-07-012021-06-30 014737902020-06-30 01473790core:WithinOneYear2021-06-30 01473790core:WithinOneYear2020-06-30 01473790core:AfterOneYear2021-06-30 01473790core:AfterOneYear2020-06-30 01473790core:ShareCapital2021-06-30 01473790core:ShareCapital2020-06-30 01473790core:RetainedEarningsAccumulatedLosses2021-06-30 01473790core:RetainedEarningsAccumulatedLosses2020-06-30 01473790business:SmallEntities2020-07-012021-06-30 01473790countries:EnglandWales2020-07-012021-06-30 01473790core:FurnitureFittings2020-06-30 01473790core:FurnitureFittings2021-06-30 014737902019-07-012020-06-30 iso4217:GBP xbrli:pure
Company Registration No. 01473790 (England and Wales)
Philwise Limited Unaudited accounts for the year ended 30 June 2021
Philwise Limited Unaudited accounts Contents
Page
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Philwise Limited Company Information for the year ended 30 June 2021
Directors
Philip Smith Mrs LE H Smith
Company Number
01473790 (England and Wales)
Registered Office
23 Redwood Egham Tw20 8su United Kingdom
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Philwise Limited Statement of financial position as at 30 June 2021
2021 
2020 
Notes
£ 
£ 
Current assets
Inventories
- 
25,000 
Debtors
5
50,272 
6,115 
Cash at bank and in hand
4,961 
45,453 
55,233 
76,568 
Creditors: amounts falling due within one year
6
(3,838)
(14,765)
Net current assets
51,395 
61,803 
Total assets less current liabilities
51,395 
61,803 
Creditors: amounts falling due after more than one year
7
(50,000)
(50,000)
Net assets
1,395 
11,803 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
1,195 
11,603 
Shareholders' funds
1,395 
11,803 
For the year ending 30 June 2021 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 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 of Directors and authorised for issue on 30 June 2022 and were signed on its behalf by
Philip Smith Director Company Registration No. 01473790
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Philwise Limited Notes to the Accounts for the year ended 30 June 2021
1
Statutory information
Philwise Limited is a private company, limited by shares, registered in England and Wales, registration number 01473790. The registered office is 23 Redwood, Egham, Tw20 8su, United Kingdom.
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
These financial statements for the year ended 30 June 2021 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2019. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2020
3,154 
At 30 June 2021
3,154 
Depreciation
At 1 July 2020
3,154 
At 30 June 2021
3,154 
Net book value
At 30 June 2021
- 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Debtors: amounts falling due after more than one year
Trade debtors
6,250 
6,115 
Other debtors
44,022 
- 
50,272 
6,115 
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Philwise Limited Notes to the Accounts for the year ended 30 June 2021
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Taxes and social security
338 
338 
Other creditors
3,500 
14,427 
3,838 
14,765 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
50,000 
50,000 
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).
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