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Private Limited Company
07842210
2016-11-30
07842210
2015-12-01
2016-11-30
07842210
2015-11-30
07842210
2014-12-01
2015-11-30
07842210
uk-bus:Director1
2015-12-01
2016-11-30
07842210
uk-gaap:LandBuildings
2015-12-01
2016-11-30
07842210
uk-gaap:MotorVehicles
2015-12-01
2016-11-30
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2015-12-01
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iso4217:GBP
For the year ended 30 November 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07842210
2
Phil Solomons Ltd
For the year ended 30 November 2016
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
| Abbreviated Balance Sheet |
Phil Solomons Ltd
2016
2015
2
25,267
17,225
25,267
17,225
58,895
95,010
11,409
21,418
31,244
3,290
147,672
73,594
| Creditors: amounts falling due within one year |
3
(26,041)
(98,362)
47,553
49,310
Net current assets
| Total assets less current liabilities |
74,577
64,778
(3,347)
(1,761)
| Provisions for liabilities |
71,230
Net assets
63,017
1
4
1
71,229
63,016
71,230
63,017
Shareholders funds
| For the year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts |
| These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. |
| Date approved by the board: 11 August 2017 |
| Signed on behalf of the board of directors |
1 of 3
4
| Notes to the Abbreviated Financial Statements |
Phil Solomons Ltd
For the year ended 30 November 2016
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted. |
| Tangible fixed assets are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Leasehold Improvements
Motor Vehicles
Fixtures Fittings & Equipment
30,793
18,266
(10,366)
38,693
13,568
(5,993)
5,851
Charge for year
13,426
25,267
17,225
2 of 3
5
| Notes to the Abbreviated Financial Statements |
Phil Solomons Ltd
For the year ended 30 November 2016
| 3 Creditors: amounts falling due within one year |
Taxation and social security includes £6,234 of corporation tax.
| Allotted called up and fully paid |
2016
2015
| 1 Ordinary share of £1.00 each |
1
1
1
1
P D Solomons
Loan from Director
7,304
-
7,304
-
-
7,304
-
7,304
0
-
The loan is unsecured and repayable on demand.
3 of 3
