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 2022

FOR

ROBERT PHILLIPS LTD

Page

Company information

1

Statement of financial position

2

Notes to the financial statements

3

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

Current assets

Debtors

5

2,153

769

Cash at bank

51,295

96,905

53,448

97,674

Creditors

Amounts falling due within one year

6

242

1,395

Net current assets

53,206

96,279

Total assets less current liabilities

53,206

96,279

Capital and reserves

Called up share capital

100

100

Retained earnings

53,106

96,179

Shareholders' funds

53,206

96,279

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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 12 August 2022 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 1 (2021 - 2 ) .

4.	Tangible fixed assets

Plant and

machinery

£

Cost

At 1 August 2021

and 31 July 2022

7,446

Depreciation

At 1 August 2021

and 31 July 2022

7,446

Net book value

At 31 July 2022

-

At 31 July 2021

-

5.

Debtors: amounts falling due within one year

2022

2021

£

£

Trade debtors

1,098

-

Tax

769

769

VAT

286

-

2,153

769

6.

Creditors: amounts falling due within one year

2022

2021

£

£

Trade creditors

200

140

Taxation and social security

42

1,255

242

1,395