Phil Jermyn Designs Ltd - Accounts to registrar - small 17.2

Phil Jermyn Designs Ltd - Accounts to registrar - small 17.2

PHIL JERMYN DESIGNS LTD - Company Information

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REGISTERED NUMBER: 06470345










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

FOR

PHIL JERMYN DESIGNS LTD

PHIL JERMYN DESIGNS LTD (REGISTERED NUMBER: 06470345)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017










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 2017







DIRECTOR: P M Jermyn





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





REGISTERED NUMBER: 06470345





ACCOUNTANTS: Hilton Sharp & Clarke Limited
30 New Road
Brighton
East Sussex
BN1 1BN
Page 1
PHIL JERMYN DESIGNS LTD (REGISTERED NUMBER: 06470345)

BALANCE SHEET
31 JANUARY 2017

2017 2016
Notes £    £   
CURRENT ASSETS
Stocks - 3,000
Debtors 4 - 4,976
Cash at bank 11,832 8,824
11,832 16,800
CREDITORS
Amounts falling due within one year 5 11,449 10,899
NET CURRENT ASSETS 383 5,901
TOTAL ASSETS LESS CURRENT
LIABILITIES
383
5,901

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 7 381 5,899
SHAREHOLDERS' FUNDS 383 5,901

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27 June 2017 and were signed by:





P M Jermyn - Director


The notes form part of these financial statements

Page 2
PHIL JERMYN DESIGNS LTD (REGISTERED NUMBER: 06470345)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017


1. STATUTORY INFORMATION

Phil Jermyn Designs Ltd is a private company, limited by shares , registered in Not specified/Other. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors - 4,976

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Corporation tax 7,206 6,620
Director's loan account 3,043 3,079
Accruals and deferred income 1,200 1,200
11,449 10,899

6. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
1 Ordinary £1 1 1
1 A Ordinary £1 1 1
2 2

Page 3 continued...
PHIL JERMYN DESIGNS LTD (REGISTERED NUMBER: 06470345)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2017


7. RESERVES
Retained
earnings
£   

At 1 February 2016 5,899
Profit for the year 27,322
Dividends (32,840 )
At 31 January 2017 381

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £32,840 were paid to the directors .

9. ULTIMATE CONTROLLING PARTY

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

10. FIRST YEAR ADOPTION

These are the company’s first set of financial statements prepared in accordance with FRS 102.

The transition to FRS 102 Section 1A occurred on 1 February 2016 with the end of the comparative period being 31 January.
There have been no changes to accounting policies nor to any balances in the financial statements.

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