Company Registration No. 09682170 (England and Wales)
PHASE INSPECTION LTD
Unaudited accounts
for the year ended 31 July 2017
PHASE INSPECTION LTD
Unaudited accounts
Contents
PHASE INSPECTION LTD
Company Information
for the year ended 31 July 2017
Company Number
09682170 (England and Wales)
Registered Office
28 DOVESTONE CLOSE
WASHINGTON
TYNE AND WEAR
NE38 8FD
UNITED KINGDOM
PHASE INSPECTION LTD
Statement of financial position
as at 31 July 2017
Tangible assets
42,790
28,854
Cash at bank and in hand
12,210
6,765
Creditors: amounts falling due within one year
(76,563)
(53,273)
Net current liabilities
(48,765)
(36,831)
Net liabilities
(5,975)
(7,977)
Called up share capital
10
10
Profit and loss account
(5,985)
(7,987)
Shareholders' funds
(5,975)
(7,977)
For the year ending 31 July 2017 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 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 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.
Approved by the Board on 6 April 2018.
Mr Steven Turner
Director
Company Registration No. 09682170
PHASE INSPECTION LTD
Notes to the Accounts
for the year ended 31 July 2017
PHASE INSPECTION LTD is a private company, limited by shares, registered in England and Wales, registration number 09682170. The registered office is 28 DOVESTONE CLOSE, WASHINGTON, TYNE AND WEAR, NE38 8FD, 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.
These financial statements for the year ended 31 July 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 13 July 2015.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2016
432
31,500
31,932
Revaluations
-
(28,500)
(28,500)
At 31 July 2017
432
48,500
48,932
At 1 August 2016
78
3,000
3,078
Charge for the year
64
3,000
3,064
At 31 July 2017
142
6,000
6,142
At 31 July 2017
290
42,500
42,790
At 31 July 2016
354
28,500
28,854
PHASE INSPECTION LTD
Notes to the Accounts
for the year ended 31 July 2017
Trade debtors
12,588
6,677
6
Creditors: amounts falling due within one year
2017
2016
Obligations under finance leases and hire purchase contracts
50,195
33,940
Taxes and social security
7,591
4,540
Loans from directors
18,777
14,793
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
8
Average number of employees
During the year the average number of employees was 0 (2016: 0).
